Examples of Term A Facility Loans in a sentence
Incremental Extended Term A Facility Loans that are repaid or prepaid may not be reborrowed.
Each Incremental Extended Term A Facility Lender acknowledges and agrees that upon the occurrence of the Amendment No. 4 Effective Date, it shall be bound under this Amendment and under the Credit Agreement as an Extended Term A Facility Lender, a Term A Facility Lender and a Lender holding Extended Term A Facility Loans, and shall perform all the obligations of and shall have all rights of an Extended Term A Facility Lender, a Term A Facility Lender and a Lender hereunder and thereunder.
The Administrative Agent shall have received a Notice of Borrowing duly completed and complying with Section 4.05 of the Existing Credit Agreement for the Incremental Extended Term A Facility Loans.
For the avoidance of doubt, the Extended Term A Facility Loans and any Incremental Extended Term A Facility Loans are intended to, together, be treated as a single fungible tranche of Indebtedness for U.S. federal income tax purposes.
On the Amendment No. 4 Effective Date, the Borrower shall have paid, or caused to be paid, to the Administrative Agent, for the account of each Incremental Extended Term A Facility Lender and each Incremental Extended Revolving Lender, an amendment fee equal to 0.25% of the sum of the principal amount of such Incremental Extended Term A Facility Lender’s and such Incremental Extended Revolving Lender’s Incremental Extended Term A Facility Loans and Incremental Extended Revolving Commitments.
Upon the making of the Incremental Extended Term A Facility Loans, the Borrower shall use the proceeds of such Incremental Extended Term A Facility Loans to refinance the outstanding Non-Extended Term A Facility Loans (as defined in the Existing Credit Agreement).
It is the understanding, agreement and intention that once made pursuant to this Section 3.1(b), any Incremental Extended Term A Facility Loans shall be deemed to be Extended Term A Facility Loans for all purposes of this Amendment and the Credit Agreement.
The Administrative Agent shall have received a notice of prepayment duly completed and complying with Section 4.05 of the Existing Credit Agreement for the Non-Extended Term A Facility Loans.
Borrower shall use commercially reasonable efforts to obtain and maintain, at all times on and after the date that is 270 days after the Closing Date, ratings from each of Xxxxx’x and S&P for the Term A Facility Loans.