Super Senior Term Facility definition

Super Senior Term Facility means (i) the Original Super Senior Term Facility Agreement and (ii) any other working capital facility agreement or similar agreement providing financing for general corporate purposes between any Group Company and a Super Senior Creditor replacing a super senior facility in accordance with the Section "Replacement of Debt".
Sample 1
Super Senior Term Facility means (i) the Original Super Senior Term Facility Agreement, or (ii) any other working capital facility agreement or similar agreement
Sample 1
Super Senior Term Facility means (i) the Original Super Senior Term Facility Agreement, or (ii) any other working capital facility agreement or similar agreement providing financing for general corporate purposes between any member of the Group and an Super Senior Term Facility Creditor replacing a super senior term facility in accordance with Clause 11.2 (Super Senior Term Facility refinancing).
Sample 1

Examples of Super Senior Term Facility in a sentence

  • Additionally, a further repayment of the 1st Lien Debt and an amount of £35 million to fund the liquidity of the OpCo Group will be funded through either an asset backed / other working capital facility of up to £70.5 million on terms to be agreed or a new Super Senior Term Facility to be provided by Lenders.

  • In addition to the Band Council, approximately forty-five other Band members attended.

  • Revised covenant terms in place with a minimum liquidity covenant of £10m until June 2021 Super Senior Term Facility: £60m facility fully funded in December 2020.

  • Once the original lenders have syndicated the Super Senior Term Facility down to their target hold level, the applicable margin for a loan under the Super Senior Term Facility may be agreed with the new lenders, provided that the weighted average margin of the Super Senior Term Facility and the Senior Term Facility A shall not exceed 6.25 per cent.

  • Under the Super Senior Term Facility, from April 2020, the Group is subject to two financial covenants:The Minimum EBITDA Covenant, which requires that the Consolidated EBITDA of the Group for the last 12 months ending at the Quarter date be equal to at least £40 millionThe Minimum Liquidity Covenant, which requires that the total liquidity amount of the UK & Ireland companies be equal to at least £7.5 million at the end of each month The Minimum Liquidity Covenant has been complied with.

  • Repayment of Super Senior Debt:(a) An amount of approximately SEK 12,000,000 shall be repaid under the Original Super Senior Term Facility in connection with the Rights Issue and the Directed Rights Issue (as defined in the notice for written procedure).(b) Amounts repaid under the Original Super Senior Term Facility may not be redrawn or refinanced.

  • The applicable margin for a loan under the Super Senior Term Facility will be the same margin as is applicable to Senior Term Facility A.

  • The commitments under Super Senior Term Facility and the Revolving Facility will be automatically reclassified as Senior Term Facility A commitments, depending on when the original lenders have syndicated down to their target hold level.

  • Limitation of increase of yield under the Super Senior Term Facility:The terms of the Super Senior Term Facility may not be amended so that the interest or fees under or in connection with it are increased in a manner that will result in a higher yield under the Super Senior Term Facility.

  • Net Debt and LeverageNew facilities strengthen liquidity £mDebt (£m)Liquidity / Financial Ratios Note: Super Senior Term Facility includes deferred fees of £1.9m Cash on Balance Sheet: £96.2m 31 March  Pre-existing RCF: £40m (fully drawn).


More Definitions of Super Senior Term Facility

Super Senior Term Facility means the super senior term loan facility made available under this agreement as described in paragraph (a)(iv) of clause 2.1 (The Facilities);
Sample 1
Super Senior Term Facility. As agreed between the Company and the relevant provider(s) of the Super Senior Term Facility. CAF 1: 30% of the applicable CAF 1 Margin from time to time, payable (and accruing) on the unutilised and uncancelled amount of CAF 1 from the Closing Date in respect of Facility B to the end of the Availability Period for CAF 1. Any accrued CAF 1 Commitment Fee is payable quarterly in arrears until the last day of the applicable Availability Period or, if earlier, the date cancelled in full. CAF 2: None.
Sample 1

Related to Super Senior Term Facility

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Closing Date Term Loan Commitment means the commitment of each Lender to make Term Loans on the Closing Date hereunder in an aggregate principal amount not to exceed the amount set forth under the heading “Closing Date Term Loan Commitment” opposite its name in Schedule 2.01 hereto. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $1,150,000,000.

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Term Facilities means the Term A Facility and the Term B Facility.

  • Closing Date Term Loan has the meaning specified in Section 2.01(a).

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  • Incremental Facilities has the meaning assigned to such term in Section 2.22(a).

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Other Term Loan Commitments means one or more Classes of Term Loan commitments hereunder that result from a Refinancing Amendment.