Interim Term Facility definition

Interim Term Facility means the term credit facility made available under this Agreement as described Clause 2 (The Interim Facility).
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Interim Term Facility means the Interim Term Loan Commitments and the Interim Term Loans made hereunder.
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Interim Term Facility means, at any time, the aggregate amount of the Interim Term Lenders’ Interim Term Commitments at such time. The initial amount of the Interim Term Facility in effect on the Closing Date is FIFTEEN MILLION SEVEN HUNDRED FIFTY THOUSAND DOLLARS ($15,750,000).
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Examples of Interim Term Facility in a sentence

  • Notwithstanding anything herein to the contrary, the parties hereto hereby agree that, on or about December 30, 2016, the Borrower may transfer all of its rights and Obligations under the Loan Documents relating to the Interim Term Facility (such Obligations relating to the Interim Term Facility, the “Interim Facility Obligations”) to the Foreign Borrower; provided that no Default or Event of Default has occurred or is occurring on such date.

  • The Borrower shall use commercially reasonable efforts to (or, following the consummation of an Interim Term Loan Assumption, shall use commercially reasonable efforts to cause the Foreign Borrower to) prepay the Interim Term Loans as soon as practicable on or after January 1, 2017, and prior to the Interim Term Facility Maturity Date.

  • Foreign Subsidiaries of the Borrower have deposited earnings in an amount sufficient to repay the Interim Term Facility in full into a deposit account or other accounts permitted pursuant to the Loan Documents (or shall have otherwise been invested in Cash Equivalents or other similar instruments reasonably acceptable to the Administrative Agent) pending the repatriation of such earnings to the Borrower.

  • For the avoidance of doubt, this Section 9.20 applies to the Interim Term Facility only and does not apply to the Initial Term B Facility or any other Facilities under this Agreement.

  • Until the Interim Term Facility has been repaid in full, use the earnings of Foreign Subsidiaries described in Section 4.28 for any purpose other than to repay the Interim Term Facility.

  • The Borrower shall repay the Interim Term Loans in full on the Interim Term Facility Maturity Date.


More Definitions of Interim Term Facility

Interim Term Facility means the term loan facility made available in accordance with this letter being EUR 328,977,325.
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Related to Interim Term Facility

  • Initial Term Facility means the Initial Term Loan Commitment and the Initial Term Loans made hereunder.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Initial Term Loans means the term loans made by the Initial Term Lenders to the Borrower pursuant to Section 2.01(a)(i).

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Tranche A Term Loan as defined in Section 2.1.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  • New Term Loans as defined in Section 2.24.

  • Tranche C Term Loan as defined in Section 2.1.

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Replacement Term Loans shall have the meaning provided in Section 13.1.

  • Existing Term Loan Facility means that certain Term Loan Credit Agreement, dated as of September 7, 2018, by and among the ProFrac Services LLC, as the borrower thereunder, Holdings, the guarantors party thereto, the lenders party thereto and Barclays Bank PLC, as the administrative agent and collateral agent (as amended, amended and restated, supplemented and otherwise modified from time to time, and together with the guarantee and security documentation executed in connection therewith).

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Term Facilities means the Term A Facility and the Term B Facility.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).