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 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.
Examples of First Lien Term Facility in a sentence
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.
Amounts under the First Lien Term Facility that are repaid or prepaid may not be reborrowed.
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.
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More Definitions of First Lien Term Facility
First Lien Term Facility means the First Lien Term Loans and commitments in respect thereof.
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 has the meaning assigned to such term in the fifth recital hereto.
First Lien Term Facility means the first priority senior secured term loan facility made to the Borrower pursuant to the First Lien Credit Agreement in an aggregate principal amount not exceeding $185,000,000.
First Lien Term Facility means the Canadian Term Facility and the Dollar Term Facility.
First Lien Term Facility and together with the Revolving Facility, the “First Lien Facilities”) in an aggregate principal amount of up to $2,700.0 million; and (iii)(x) up to $1,125.0 million in aggregate principal amount of senior secured notes (the “Notes”) in a Rule 144A/Regulation S private placement and/or (y) if all or any portion of the Notes are not issued by the Borrower under this option on or prior to the Closing Date (as defined below), up to $1,125.0 million of senior secured increasing rate loans (the “Bridge Loans”), under the senior secured credit facility described in the Bridge Term Sheet (the “Bridge Facility” and together with the First Lien Facilities, the “Facilities”). The transactions described in this paragraph, together with the Acquisition, the Equity Contributions, the repayment or refinancing and assumption of certain existing indebtedness of the Company and its subsidiaries prior to, or concurrently with, or after the date of the Acquisition and the payments of fees and expenses in connection with each therewith, are collectively referred to herein as the “Transactions”. As used herein, “Investors” means the Sponsors and certain other co-investors arranged by the Sponsors. Accordingly, the parties hereto agree as follows:
First Lien Term Facility means the term loan facilities in an aggregate principal amount of $275,000,000 under the First Lien Credit Facilities.