Examples of FILO Loans in a sentence
The first five Eligible Collateral Obligations acquired by the Borrower shall be any of First Lien Loans, Unitranche Loans and/or FILO Loans.
On each FILO Facility Payment Date, the Borrowers shall repay in full in cash all outstanding FILO Loans.
Borrowers shall borrow 100% of the Aggregate FILO Facility Commitments on each date specified in Section 2.18(a) and, except as otherwise required under Section 2.05(c), shall not prepay or repay FILO Loans until the next applicable FILO Facility Payment Date.
Any amount applied to the Revolving Credit Loans shall be applied first to the Revolving Credit Loans that are not FILO Loans until repaid in full, and then to FILO Loans.
The obligation of the FILO Lenders hereunder to make FILO Loans are several and not joint.