Examples of Term A-3 Facility in a sentence
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-2 Facility, the Term A-3 Facility and the Term B Facility and in direct order of maturity to the remaining quarterly principal installments thereof).
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.
After giving effect to all Term A-3 Borrowings, all conversions of Term A-3 Loans from one Type to the other, and all continuations of Term A-3 Loans as the same Type, there shall not be more than five Interest Periods in effect in respect of the Term A-3 Facility.
Greif Packaging, the Company and the U.S. Subsidiary Guarantors hereby covenant that the proceeds of the Incremental Term A-3 Facility shall be used solely for the Term A-3 Investment Purpose.
Each Term A-3 Borrowing shall consist of Term A-3 Loans made simultaneously by the Term A-3 Lenders in accordance with their respective Applicable Percentage of the Term A-3 Facility.