Examples of Series A New Term Loan in a sentence
Borrower agrees that each New Term Lender may deduct from the proceeds of the Series A New Term Loan made by such New Term Lender a fee equal to 0.25% of the Series A New Term Loan commitment of such New Term Lender as set forth on Schedule A hereto.
The Applicable Margin for each Series A New Term Loan shall mean, as of any date of determination, (a) in the case of Base Rate Advances, 2.75% per annum, and (b) in the case of Eurodollar Rate Advances, 3.75% per annum.
Each Series A New Term Loan Lender’s Series A New Term Loan Commitment shall commence on the Joinder Effective Date (as defined below) and shall terminate immediately and without further action on January 1, 2017 (the “Series A Commitment Termination Date” and such period, the “Series A Commitment Period”).
The Borrower shall make principal payments of the Series A New Term Loans on each date set forth below (each, a “Series A N ew Term Loan Repayment Date”) in a principal amount equal to the applicable amount set forth below opposite such Series A New Term Loan Repayment Date.
Also, as is articulated in the Patient Protection and Accountable Care Act, it is important that as providers are gradually given more responsibility and budgetary autonomy for reducing utilization, they also be held accountable to the public for more efficient and effective operation.
Subject to the terms and conditions set forth herein, each Series A New Term Loan Lender severally agrees to make Series A New Term Loans to the Borrower on up to four occasions during the Series A Commitment Period (as defined below) in an aggregate principal amount not to exceed such Series A New Term Loan Lender’s Series A New Term Loan Commitment as set forth in Schedule A.
The U.S. Borrower shall repay to the Administrative Agent, for the benefit of the applicable Lenders, on the Series A New Term Loan Maturity Date, the then-outstanding Series A New Term Loans made to the U.S. Borrower, in Dollars.
Each Series A New Term Loan Lender acknowledges and agrees that upon effectiveness of this Agreement and the Series A New Term Loan Commitments, such Series A New Term Loan Lender shall become a “Lender” under, and for all purposes of, the Credit Agreement and the other Credit Documents, and shall be subject to and bound by the terms thereof, and shall perform all the obligations of and shall have all rights of a Lender thereunder.
The U.S. Borrower shall repay to the Administrative Agent, for the benefit of the applicable Lenders, on the Series A New Term Loan Maturity Date, the then-outstanding Series A New Term Loans made to the U.S.
He noted that this would simply be for the Study and would not commit the City to paying for the cleaning of the channel.Weir noted that she would also like to see the culvert reviewed during this Study.