First Lien Term Facility definition
First Lien Term Facility and loans thereunder, the “Term Loans”), which will be deemed to have been provided to the Borrower by each First Lien Bank Lender in accordance with the Restructuring Term Sheet (in such capacity, the “Lenders”).
First Lien Term Facility means the credit facilities under the First Lien Term Facility Credit Agreement.
First Lien Term Facility means the First Lien Term Loans and commitments in respect thereof.
Examples of First Lien Term Facility in a sentence
Amounts under the First Lien Term Facility that are repaid or prepaid may not be reborrowed.
All voluntary prepayments of the First Lien Term Facility will be applied pro rata to the Term Loan (and pro rata among the Lenders) and to the remaining amortization payments under the First Lien Term Facility in such order as the Borrower may direct.
The Borrower shall incur the full amount of the First Lien Term Facility on the Closing Date.
Each assignment, in the case of the First Lien Term Facility, will be in an amount of an integral multiple of $1,000,000.
The above-described mandatory prepayments shall be applied to the First Lien Term Facility in direct order of maturity.
More Definitions of First Lien Term Facility
First Lien Term Facility means the facility contemplated by that certain First Lien Credit and Guarantee Agreement, dated as of the date hereof, among Borrower, Holdings, the lenders party thereto, First Lien Term Agent and the other agents named therein, as amended, restated, supplemented, modified or Refinanced (as defined in the ABL/Term Loan Intercreditor Agreement) by a Permitted Refinancing from time to time.
First Lien Term Facility shall have the meaning provided in the recitals of this Agreement.
First Lien Term Facility means the collective reference to the First Lien Credit Agreement, any Loan Documents (as defined therein), any notes and letters of credit issued pursuant thereto and any guarantee and collateral agreement, patent and trademark security agreement, mortgages, letter of credit applications and other guarantees, pledge agreements, security agreements and collateral documents, and other instruments and documents, executed and delivered pursuant to or in connection with any of the foregoing, in each case as the same may be amended, supplemented, waived or otherwise modified from time to time, or refunded, refinanced, restructured, replaced, renewed, repaid, increased or extended from time to time (whether in whole or in part, whether with the original administrative agent and lenders or other agents and lenders or otherwise, and whether provided under the original First Lien Credit Agreement or one or more other credit agreements, indentures (including this Indenture) or financing agreements or otherwise), except to the extent such agreement, instrument or document expressly provides that it is not intended to be and is not a First Lien Term Facility. Without limiting the generality of the foregoing, the term “First Lien Term Facility” shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.
First Lien Term Facility has the meaning assigned to such term in the fifth recital hereto.
First Lien Term Facility means the seven-year first lien term loan facility in aggregate principal amount of $950,000,000 under this Agreement.
First Lien Term Facility means the senior secured first lien term loan facility in an aggregate principal amount of $1,450,000,000 obtained by the Borrower under the First Lien Credit Agreement
First Lien Term Facility means the term loan facility under the First Lien Credit Agreement or any amendment, supplement, modification, substitution, replacement, restatement or refinancing thereof, in whole or in part, pursuant to a Permitted Refinancing from time to time, in each case as and to the extent permitted by this Agreement and the Term Loan Intercreditor Agreement.