Initial Term Facilities definition
Examples of Initial Term Facilities in a sentence
The Additional Term Facilities may be used by the relevant Borrower for such purposes as it may determine, including for the same purposes as specified for the Initial Term Facilities in Clause 3.1 (Purpose and Application of the Initial Term Facilities).
The Initial Term Facilities may be used by the Initial Borrower for such purposes as it may determine and, accordingly, the Initial Borrower may apply all Initial Term Advances to make such payments as it determines, including making payments to any other Obligor or an Excluded Group Entity.
In consideration of the Issuer making the Initial Term Facilities available, the Initial Borrower shall pay to the Issuer on the Closing Date a fee (the "Initial Facility Fee") in an amount equal to all fees, costs and expenses properly and reasonably incurred by the Issuer on or before the Closing Date in connection with the issue of the Notes, the granting of the Initial Term Advances and the negotiation, preparation and execution of each Transaction Document.
The Initial Term Facilities shall be used by the Borrower to repay all outstanding amounts under the Credit Agreement and thereafter for such purposes as it may determine and, accordingly, the Borrower may apply all Initial Term Advances to make such payments as it determines, including without limitation making loans to or payments on behalf of any other Chargor and discharging costs incurred in connection with the Transactions.
The last Business Day of each fiscal quarter starting with the fiscal quarter ended June 30, 2018 and ending with the fiscal quarter most recently ended prior to the Maturity Date for the Initial Term Facilities.