Examples of Funded Term Loans in a sentence
The proceeds of the Funded Term Loans are to be used solely to pay a portion of the Merger Consideration, to repay or otherwise satisfy and discharge the Existing Indebtedness, and to pay related fees and expenses.
Upon satisfaction or waiver of the conditions precedent specified in Section 7, the proceeds of such Funded Term Loans shall be applied in accordance with Section 4(e).
On the Second Restatement Effective Date, (a) certain Non-Extended Funded Term Loans and Non-Extended Delayed Draw Term Loans were converted to Extended Term Loans (each as defined in the Existing Credit Agreement) pursuant to the Second Amendment and Restatement Agreement and (b) the First Amended and Restated Credit Agreement was amended and restated in the form attached as Exhibit A to the Second Amendment and Restatement Agreement (the “Existing Credit Agreement”).
The Exit Fee is an agreed upon additional return with respect to the Funded Term Loans, fully earned on the Closing Date, and is not based upon, related to, or determined with reference to, the interest payable under this Agreement.
On the Restatement Effective Date, (a) certain Existing Funded Term Loans and Existing Delayed Draw Term Loans will be converted to Extended Term Loans pursuant to the Amendment and Restatement Agreement, and all other Existing Funded Term Loans and Existing Delayed Draw Term Loans will be redesignated as Non-Extended Funded Term Loans or Non-Extended Delayed Draw Term Loans, as applicable, and (b) the Original Credit Agreement will be amended and restated in the form of this Agreement.
On the Second Restatement Effective Date, (a) certain Non-Extended Funded Term Loans and Non-Extended Delayed Draw Term Loans will be converted to Extended Term Loans pursuant to the Second Amendment and Restatement Agreement and (b) the Existing Credit Agreement will be amended and restated in the form of this Agreement.
Funded Term Loans, ---------------------------------------------------------- Traditional Revolving Loans and Reducing Revolving Loans.
Upon any repayment of the Term Loans in accordance with Section 2.1(c)(i) or other repayment at or following the Maturity Date (including upon acceleration), the Borrowers shall pay to Agent for the account of the Lenders holding Funded Term Loans, an exit fee on a pro rata basis in an aggregate amount equal to the product of (i) the principal amount of Funded Term Loans being repaid (including, for the avoidance of doubt, capitalized interest added thereto) multiplied by (ii) [●] (the “Exit Fee”).