Examples of Term A-5 Loan in a sentence
Immediately upon the making of each 2017 Incremental Term A-4 Loan, such Loan shall be deemed to be, and shall constitute for all purposes hereunder, a Term A-5 Loan and shall cease to constitute a separate Class of Loans.
The Term A-5 Loan Commitment of each Term A-5 Lender shall be automatically and permanently reduced to $0 upon the funding of the Term A-5 Loans made by it on the Third Amendment Effective Date.
Subject to the terms and conditions set forth herein and in Amendment No. 3, each Term A-5 Lender agrees to make a Term A-5 Loan to the Borrower on the Third Amendment Effective Date in Dollars in a principal amount not to exceed its Term A-5 Loan Commitment.
Each such promissory note shall (i) in the case of Revolving Loans, be in the form of Exhibit C (a “Revolving Note”), (ii) in the case of Swing Line Loans, be in the form of Exhibit D (a “Swing Line Note”), (iii) in the case of a Term A-4 Loan, be in the form of Exhibit F-2 (a “Term A-4 Note”) and (iv) in the case of a Term A-5 Loan, be in the form of Exhibit F-3 (a “Term A-5 Note”).
No Interest Period shall extend beyond the applicable Maturity Date for such Loan, and if the Borrower elects to price the Term A-4 Loan on the Restatement Effective Date with an Interest Period of five years or to price the Term A-5 Loan on the First Amendment Effective Date with an Interest period of seven years, the Interest Period shall end on the Term A-4 Loan Maturity Date or the Term A-5 Loan Maturity Date, respectively.