Term A Advance definition
Examples of Term A Advance in a sentence
Each Term A Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (a "Term A Advance") to the Borrower on the Closing Date in an amount not to exceed such Lender's Term A Commitment at such time.
The Borrower promises to pay interest on the unpaid principal amount of the Term A Advance from the date of such Term A Advance until such principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement.
The Lender agrees, on the terms and subject to the conditions herein set forth, to make a single advance in the amount of $2,900,000 to the Borrowers on the Funding Date (the "Term A Advance").
On the day on which the Term A Loan is borrowed, cause the proceeds received by the Canadian Borrower from the Term A Advance to be distributed by dividend or intercompany loan to the U.S. Borrower, net of the amount of any Canadian withholding taxes or to repay outstanding intercompany loans owed to the U.S. Borrower.
Each Term A Lender has made a Term A Advance pursuant to the Existing Credit Agreement.