New Term Facility definition

New Term Facility has the meaning specified in Section 2.14(a).
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New Term Facility means any additional tranche of term commitments and loans established pursuant to a New Term Facility Supplement.
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New Term Facility the New Term Commitments and the New Term Loans made thereunder.
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Examples of New Term Facility in a sentence

  • The amount of New Term Facility cancelled as a result of a debt buy back debt shall constitute a voluntary prepayment.

  • Upon satisfaction or waiver of the applicable conditions set forth in Article 8 and, if applicable, any New Term Facility Supplement and Extended Facility Agreement, all Advances shall be credited on that date in immediately available funds to the Designated Deposit Account.

  • Subject to the terms and conditions set forth in this Agreement and in the applicable New Term Facility Supplement, each Term Loan Lender shall, pro rata according to that Lender’s Pro Rata Share of the relevant New Term Commitment, make Advances of the relevant New Term Loan to Borrower.

  • The New Term Loan Commitments shall be effected pursuant to a New Term Facility Supplement executed and delivered by Borrower, the New Term Loan Lenders and Agent, each of which shall be recorded in the Register, and upon the effectiveness of such New Term Facility Supplement each such New Term Loan Lender shall become a Lender for all purposes and to the same extent as if originally a party hereto and shall be bound by and entitled to the benefits of this Agreement.

  • Any Lender not responding within such time period shall be deemed to have declined to participate in providing such New Term Facility.


More Definitions of New Term Facility

New Term Facility any New Commitments to provide New Term Loans and any New Term Loans under a New Facility.
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New Term Facility means, at any time, the aggregate amount of each Series of New Term Lenders’ New Term Commitments at such time.
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New Term Facility as defined in Section 2.24(a).
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New Term Facility means, at any time on or after the [First Incremental Commitments Amendment Effective Date]difr [Funding Date]difa the aggregate principal amount of the New Term Loans outstanding at such time.
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New Term Facility a “New Term Facility” defined in the term loan credit agreement governing the Fixed Asset Facility incurred on the date hereof as such agreement is in effect on the date hereof.
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New Term Facility has the meaning specified in Section 2.02(a). “New Term Loan” has the meaning specified in Section 2.02(a).
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New Term Facility has the meaning set forth in the recitals hereof.
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