Other Term Facility definition

Other Term Facility means any credit facility comprising a Class of Other Term Commitments and Other Term Loans, if any.

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Other Term Facility means each tranche of term loans made available to the Borrower pursuant to a Class of Other Term Commitments.

Other Term Facility means each and any facility comprised of Other Term Commitments and Other Term Loans created pursuant to a Refinancing Amendment, together with any refinancing thereof.

Examples of Other Term Facility in a sentence

The Top Borrower shall use commercially reasonable efforts to maintain (a) a public corporate credit rating from S&P, (b) a public corporate family rating from ▇▇▇▇▇’▇ and (c) a public rating of the Facilities under this Agreement so long as there is any Outstanding Amount under the Initial Term Facility, any Extended Term Facility or any Other Term Facility; provided that in no event shall the Top Borrower be required to maintain any rating.
The Borrower shall use commercially reasonable efforts to maintain (a) a public corporate credit rating from S&P, (b) a public corporate family rating from ▇▇▇▇▇’▇ and (c) a public rating of the Facilities under this Agreement so long as there is any Outstanding Amount under the Initial Term Facility, any Extended Term Facility or any Other Term Facility; provided that in no event shall the Borrower be required to maintain any rating.

More Definitions of Other Term Facility

Other Term Facility means each and any facility comprised of Other Term Commitments and Other Term Loans created pursuant to a Refinancing Amendment, together with any refinancing thereof. “Other Term Loans” means one or more Classes of Term Loans under an Other Term Facility that result from a Refinancing Amendment, together with any refinancing thereof. “Overnight Rate” means, for any day, (a) with respect to any amount denominated in Dollars, the Federal Funds Effective Rate and (b) with respect to any amount denominated in an Alternative Currency, the rate of interest per annum at which overnight deposits in the applicable Alternative Currency, in an amount approximately equal to the amount with respect to which such rate is being determined, would be offered for such day by a branch or Affiliate of the Administrative Agent in the London or other applicable offshore interbank market for such Alternative Currency to major banks in such interbank market. “Parent Entity” means any Person that is a direct or indirect parent of the Borrower. “Participant” has the meaning assigned to such term in Section 9.04(c)(i). “Participant Register” has the meaning assigned to such term in Section 9.04(c)(iii). “Participating Lender” has the meaning assigned to such term in Section 2.09(a)(ii)(C)(2). “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions. “Permitted Acquisition” means an Acquisition Transaction; provided that (a) in the case of any purchase or other acquisition of Equity Interests in a Person, (i) such Person, upon the consummation of such purchase or acquisition, will be a Subsidiary (including as a result of a merger or consolidation between any Subsidiary and such Person), or (ii) such Person is merged into or consolidated with a Subsidiary and such Subsidiary is the surviving entity of such merger or consolidation, (b) the business of such Person, or such assets, as the case may be, constitute a business permitted by Section 5.16, (c) with respect to each such purchase or other acquisition, all actions required to be taken with respect to any such newly created or acquired Subsidiary (including each subsidiary thereof) or assets in order to satisfy the requirements set forth in clauses (a), (b), (c) and (d) of the definition of the term “Collateral and Guarantee Requirement” to

Other Term Facility means any Term Facility consisting of Other Term Commitments and/or Other Term Loans, if any. “Other Term Lender” means a Lender in respect of Other Term Commitments and/or Other Term Loans.

Other Term Facility means each and any facility comprised of Other Term Commitments and Other Term Loans created pursuant to a Refinancing Amendment, together with any refinancing thereof.