Original Term Facility definition

Original Term Facility means, immediately prior to the effectiveness of the Second Amendment, the aggregate principal amount of the Original Term Loans outstanding at such time.

Original Term Facility as defined in the definition of “Facility”.

Original Term Facility means the Swiss Franc term loan facility granted to the Borrowers in this Agreement.

Examples of Original Term Facility in a sentence

• The Company refinanced the outstanding $680 million principal amount of the Original Term Facility (the “Restated Term Facility’) pursuant to the Amendment and Consent, dated as of February 1, 2011 (the “Amendment”), and the Amended and Restated Credit Agreement, dated as of February 1, 2011 (the “Restated Term Credit Agreement”).

• CITIBANK, N.A., as Revolving Facility Agent By Name: Title: CITIBANK, N.A., as Original Term Facility Agent By Name: Title: CITIBANK, N.A., as Original Notes Agent By Name: Title: U.S. Bank National Association, as Notes Trustee By Name: Title: HOUGHTON MIFFLIN HARCOURT COMPANY By Name: Title: HOUGHTON MIFFLIN HARCOURT PUBLISHERS INC.

• Each of the Original Term Facility Agent, the Original Notes Agent and the Revolving Facility Agent represents and warrants to the other parties hereto that it is authorized under the Term Facility Credit Agreement, the Notes Indenture and the Revolving Facility Credit Agreement, as the case may be, to enter into this Agreement.

• The Term Commitments in respect of the Original Term Facility shall be automatically and permanently reduced to $0 on the Closing Date after giving effect to the Term Loans made on such date pursuant to Section 2.01(a).

• The Original Term Facility was used to repay certain indebtedness of DHX and its subsidiaries, including certain indebtedness of Cookie Jar assumed as part of the Cookie Jar Acquisition, and to pay fees and expenses incurred in connection with the Cookie Jar Acquisition.

• SBI refinanced the outstanding $680 million principal amount of the Original Term Facility (the “Restated Term Facility’) pursuant to the Amendment and Consent, dated as of February 1, 2011 (the “Amendment”), and the Amended and Restated Credit Agreement, dated as of February 1, 2011 (the “Restated Term Credit Agreement”).

• Any prepayment so made shall reduce pro tanto the Borrowers' repayment obligations under Clause 10 (Repayment of the Original Term Facility).

• The new Term Loan replaces the Company's existing indebtedness to EDC of approximately $18 million under the Second Amended and Restated Facility Agreement, including the Original Term Facility and the COVID-19 Facility, with an option to draw an additional$2 million.

• The interest rate (after giving effect to the benchmark replacement referred to below) and maturity date of the Incremental Term Loan and the Delayed Draw Term Loans are the same as the existing term loans under the Original Term Facility.

• Cortland Capital Market Services LLC, in its capacity as agent for the Pre-Petition Term Lenders under the Pre-Petition Original Term Facility Documents, or any successor agent under the Pre-Petition Original Term Facility Documents.

More Definitions of Original Term Facility

Original Term Facility means the non-revolving term facility which was made available by the Lenders to the Borrower pursuant to the Original Credit Agreement.

Original Term Facility means the Term Loans and Term Commitments made available to the Borrower on the Closing Date.

Original Term Facility means, immediately prior to the effectiveness of the Second Amendment, the aggregate principal amount of the Original Term Loans outstanding at such time. “Original Term Lender” means, immediately prior to the effectiveness of the Second Amendment, any Lender that holds Original Term Loans at such time. “Original Term Loan” means any loan made by any Original Term Lender under the Original Term Facility. “Original Spun-Off Entities” means each of Altisource Asset Management Corporation, Altisource Residential Corporation, Altisource Residential GP, LLC, Altisource Residential, L.P. and Altisource Consulting, S.à x.x. “Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). “Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except (i) any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than any assignment made pursuant to a request by the Borrower under Section 3.06 or any assignment made pursuant to Section 10.14) and (ii) any such Taxes imposed by Luxembourg (or any political subdivision or taxing authority thereof or therein) that are payable due to a registration, submission or filing by a Recipient of any Loan Document in Luxembourg (or any political subdivision thereof) where such registration, submission or filing is or was not required to maintain or preserve any rights of such Recipient under such Loan Document. “Other Term Loans” has the meaning specified in Section 2.12(a).