Facility Term definition

Facility Term means the period beginning on the Effective Date and ending on the Facility Expiration Date.

Facility Term means the period agreed for full Repayment of the Facility, being the earlier of full repayment of the Facility or thirty (30) calendar days from the date when the outstanding Facility was first granted. The Facility Term shall not be affected by any subsequent or further Request made within the Overdraw Limit until the Facility is paid back in full.

Facility Term has the meaning specified in Clause 2.6(a) of the Issuer Facility Agreement.

Examples of Facility Term in a sentence

• In February 2012, we issued an additional Facility under our Senior Credit Facility (Term Loan T) for an aggregate amount of €175.0 million to benefit from the temporary attractive window in the European debt markets.

• On the Effective Date, each Roll-Up Claim shall be deemed converted, as of the Effective Date, into an Exit Facility Term A-2 Loan in a principal amount equal to the unpaid amount of the Roll-Up Claim so converted, and such Roll-Up Claims shall be deemed cancelled and of no further force or effect.

• On the Effective Date, each holder of a DIP Advance Claim shall be paid in full in Cash from the proceeds of the Exit Facility Term A-1 Loans and such DIP Advance Claim shall be deemed cancelled and of no further force or effect.

• Fifty percent of the proceeds from the sale were applied to the DIP Facility Term Loan with CIT Business Credit and the remaining fifty percent of the proceeds were applied to the DIP Facility Revolver Loan with CIT Business Credit.

• You will be notified of each instance of renewal or extension of the Facility Term.

More Definitions of Facility Term

Facility Term means the period commencing on the Closing Date and ending on the Facility Termination Date.

Facility Term has the meaning given to that term in Section 5.1(a).

Facility Term means where there is no Event of Default (as outlined in this Agreement) within a period of thirty (30) days from the first date of utilization of the Facility.

Facility Term. X years from the Commencement Date.

Facility Term means the period commencing on the Effective Date and ending on March 31, 2014, or until this Agreement is terminated early in accordance with Section 6.2.

Facility Term means the date that is thirty-six (36) months from the Commencement Date.

Facility Term means the period agreed for full Repayment of the Facility from the date when the outstanding Facility was first advanced.