Examples of Term A Facilities in a sentence
Solely with respect to the Term A Facilities and the Revolving Facility, the Company will not permit the First Lien Leverage Ratio to exceed 5.50 to 1.00 as of the last day of such Test Period.
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.
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”).
Loans outstanding under the Term A Facilities will be prepayable at any time without any premium or penalty, other than reimbursement for breakage costs.
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.
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).