Examples of Term A-3 Facility in a sentence
Under the amendments, the Term A Facility was converted into a Term A-3 Facility which resulted in the extension of the maturity from November 30, 2017 to September 2, 2019 and the harmonization of the quarterly fixed amortization schedule with the Term Loan A-2 Facility.
Subject solely to the occurrence of the Closing Date, each Term A-3 Lender severally agrees to make a loan to the Borrower in Dollars in a single drawing on the Closing Date, in an aggregate amount (i) in accordance with its Applicable Percentage of the Term A-3 Facility and (ii) not to exceed such Lender’s Term A-3 Commitment.
Each prepayment of the outstanding Term Loans pursuant to this Section 2.05(a) shall be applied to the principal repayment installments thereof as the Borrower may direct (and in the absence of any direction, ratably to the Term A-1 Facility, the Term A-3 Facility and the Term B Facility and in direct order of maturity to the remaining quarterly principal installments thereof).