Term Facility definition

Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

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Term Facility means the Term Loans provided to or for the benefit of the Borrower pursuant to the terms of this Agreement.

Term Facility means the Term B Facility and/or any or all of the Incremental Term Facilities.

Examples of Term Facility in a sentence

Each Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Facility.
Accrued Ticking Fees shall be due and payable upon the earlier of (a) the date that is the final day of the Availability Period with respect to the Term Facility and (b) the date on which the fifth (5th) Term Borrowing occurs.
Accrued and unpaid Ticking Fees with respect to athe Term A-4 Facility shall be due and payable quarterly in arrears uponand on the earliest of (i) the date that is the final day of the Availability Period with respect to suchthe Term A-4 Facility, and (ii) the date on which any Committed Borrowing under such Term Facility occurs and (iii) the date on which any Commitments under suchthe Term A-4 Facility are terminated.
The Company agrees to pay to the Administrative Agent for the account of each Term Lender with a Term Commitment at such time a ticking fee (the “Ticking Fee”) in Dollars, which shall accrue at a rate of 0.15% (15.0 basis points) per annum on the actual daily amount of the undrawn Term Commitment of such Term Lender during the period commencing on July 21, 2026 to and including the final day of the Availability Period with respect to the Term Facility.
Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make up to five (5) term loans (each such loan, a “Committed Term Loan”) to the Company in Dollars from time to time, on any Business Day during the Availability Period for the Term Facility, in an aggregate amount not to exceed such Term Lender’s Applicable Percentage of the Term Facility.

More Definitions of Term Facility

Term Facility means any Facility consisting of Term Loans and/or Term Commitments.

Term Facility the Term Commitments and the Term Loans made thereunder.

Term Facility means, at any time, the aggregate principal amount of the Term Loans of all Term Lenders of the applicable Class outstanding at such time.

Term Facility means, at any time, the aggregate amount of the Term Lenders’ Term Commitments at such time.

Term Facility means the Term Loans and any Incremental Term Loans or any refinancing thereof.

Term Facility means a facility in respect of any Term Loan Tranche (including any Term Commitment Increase with respect to any Term Loan Tranche), as the context may require.

Term Facility as defined in the definition of “Facility”.