Examples of Term A Facilities in a sentence
Notwithstanding anything to the contrary, if the only Events of Default then having occurred and continuing are pursuant to a failure to observe a Financial Covenant, the Administrative Agent shall only take the actions set forth in this Section 8.02 at the request of the Required Facility Lenders (as opposed to Required Lenders) under the Revolving Credit Facilities and the Term A Facilities.
Term A Facilities: Loans outstanding under the Term A Facilities shall be mandatorily prepaid with the net proceeds of asset dispositions in a manner consistent with the relevant provisions of the Note Purchase Agreements (including the ratable sharing of such proceeds with other senior debt), subject in each case to reinvestment rights consistent with the Note Purchase Agreements and the rights of Lenders to decline such prepayments.
Term B Facility: a $2,300 million term loan facility with Silgan as the borrower, all of which will be drawn on the Closing Date (together with the Term A Facilities, the “Term Loan Facilities”).
The consent of only the Lenders holding more than 50% of the commitments and loans under the Revolving Facilities, the Term A Facilities and the Short Term Facility shall be necessary to amend or waive the terms of (A) the Financial Covenant, (B) any Events of Default with respect to the failure to comply with the Financial Covenant, (C) provisions relating to any Specified Equity Contributions and (D) any definitions and related provisions solely as they relate to the foregoing clauses (A)-(C).
Loans outstanding under the Term A Facilities will be prepayable at any time without any premium or penalty, other than reimbursement for breakage costs.
You can have a copy of the finished paper by contacting Lucie Cluver at Child Welfare Society, Cape Town, or at the Department of Social Policy and Social Work at the University of Oxford, England.
The Company shall have, substantially concurrently with the Acquisition Closing Date, (i) paid to the Non-Consenting Lenders and to the Lenders under the Term A Facilities all amounts necessary (including the principal amount, accrued interest and fees owed to such Lenders) to repay in full the Loans held by such Lenders immediately prior to the effectiveness of the Amended and Restated Credit Agreement, and (ii) repaid in full the Senior Notes.
The Company shall have,substantially concurrently with the Acquisition Closing Date, (i) paid to the Non-Consenting Lenders and to the Lenders under the Term A Facilities all amounts necessary (including the principal amount, accrued interest and fees owed to such Lenders) to repay in full the Loans held by such Lenders immediately prior to the effectiveness of the Amended and Restated Credit Agreement, and (ii) repaid in full the Senior Notes.
Except to the extent proceeds are required to be funded directly into escrow pursuant to the following two paragraphs below, the proceeds of borrowings under the Term A Facilities and Term B Facilities will be used by the Borrowers on the Closing Date, together with the Stock Contribution, the proceeds from borrowings under the Revolving Facilities, the proceeds from the Bridge Facility and/or the Notes and other Securities and cash on hand at the Borrowers, to pay the Acquisition Costs.