Qualifying Term Loan Facility means a term loan facility entered into by the Borrower, the proceeds of which will be used for Certain Funds Purposes and that is subject to conditions precedent to funding that are no less favorable to the Borrower than the conditions set forth herein to the funding of the Bridge Facility, as determined by the Borrower in its reasonable discretion.
Qualifying Term Loan Facility means a term loan facility entered into by the Borrower for the purpose of financing the Transactions that is subject to conditions precedent to funding that are no less favorable to the Borrower than the conditions set forth herein to the funding of the Facility, as determined by the Borrower in its reasonable discretion.
Qualifying Term Loan Facility means a term loan facility entered into by the Company for the purpose of financing the Transactions that is subject to conditions precedent to funding that are no less favorable to the Company than the conditions to the funding of the Bridge Facility, as determined by the Company in its reasonable discretion.
Examples of Qualifying Term Loan Facility in a sentence
The Borrower shall notify the Administrative Agent within 3 business days of any receipt by the Borrower or its subsidiaries of the proceeds described above, or of having entered into a Qualifying Term Loan Facility or a Qualifying Revolving Facility Upsize.
Indebtedness of the Borrower or any Subsidiary in respect of a Qualifying Term Loan Facility in an aggregate principal amount not to exceed $700,000,000.
The Borrower shall give the Administrative Agent prompt written notice of any commitment reduction or prepayment required pursuant to this section or of having entered into a Qualifying Term Loan Facility.
The Borrower further agrees to deliver to the Administrative Agent not less than one Business Day prior to the effectiveness of a Qualifying Term Loan Facility a certificate of an Authorized Officer setting forth the committed amount of such Qualifying Term Loan Facility, the expected effective date of such Qualifying Term Loan Facility and confirming that such Qualifying Term Loan satisfies the requirements of Section 2.08(b)(iii) above.
More Definitions of Qualifying Term Loan Facility
Qualifying Term Loan Facility means a term loan facility, or any other “pro rata” facility, entered into by the Borrower or any Subsidiary for the purpose of replacing or refinancing, in whole or in part, the Commitments or Loans (or any Class thereof) or otherwise in connection with the Share Repurchase.
Qualifying Term Loan Facility means a term loan facility entered into for the purpose of financing the Acquisition where the availability of the full amount of such facility on the Closing Date is subject solely to conditions precedent to funding that are, in the reasonable determination of the Borrower, no less favorable to the Borrower than the conditions set forth in Section 4.02 to the funding of the Loans.
Qualifying Term Loan Facility means a term loan facility entered into by the Borrower or any of its subsidiaries for the purpose of replacing all or a portion of the Capital Markets Bridge Facility that is subject to conditions precedent to effectiveness of the obligations of the lenders thereunder to make available loans under such term loan facility that are no less favorable to the Borrower than the conditions set forth herein with respect to the Capital Markets Bridge Facility, as determined by the Borrower.
Qualifying Term Loan Facility means a term loan facility entered into by a Borrower or a Subsidiary thereof, the proceeds of which are intended to be used for a Certain Funds Purpose and that is subject to conditions precedent to funding that are no less favorable to the applicable Borrower than the conditions set forth in Section 4.03, as reasonably determined by such Borrower.
Qualifying Term Loan Facility means a term loan facility entered into by the Borrower for the purpose of financing the
Qualifying Term Loan Facility means a term loan facility entered into for the purpose of financing any or all of the Darwin Transactions where the availability of the full amount of such facility on the Tranche B Closing Date is subject solely to conditions precedent to funding the full amount of such facility and limitations on assignments prior to the Tranche B Closing Date that are, in the reasonable determination of the Tranche B Borrower, no less favorable to the borrower of such term loans than the conditions precedent set forth in Section 4.3 to the funding of the Tranche B Loans.
Qualifying Term Loan Facility means a term loan facility (whether the borrower thereunder is the Borrower or a Subsidiary of the Borrower), the proceeds of which will be applied to pay a portion of the cash consideration payable in connection with the Target Acquisition, Transaction Costs and/or to refinance the Loans made hereunder and which is subject to conditions precedent to funding and limitations on assignments prior to the Closing Date (collectively, the “certain funds conditionality provisions”) that are no less favorable (subject to the immediately succeeding proviso) to the Borrower or the borrower under such Qualifying Term Loan Facility than the conditions precedent to the funding of the Loans and the NYDOCS03/1043960.14 25 limitations on assignments prior to the Closing Date set forth herein, as reasonably determined by the Borrower (provided that it is understood and agreed that the certain funds conditionality provisions shall be permitted to be modified to be expanded to also include the Borrower to the extent it is a parent guarantor thereunder, as well as the borrower(s) under such term loan facility, and any other guarantor (if any) thereunder).