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Term Facility Advance definition

Term Facility Advance means any A Facility Advance, an A1 Facility Advance, B1 Facility Advance, B2 Facility Advance, B3 Facility Advance, B4 Facility Advance, B5 Facility Advance, B6 Facility Advance or C Facility Advance and “Term Facility Advances” shall be construed accordingly.
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Term Facility Advance means any A Facility Advance, B Facility Advance, C Facility Advance and, subject to Clause 7 (Uncommitted Incremental Facilities), Incremental Term Facility Advance and “Term Facility Advances” shall be construed accordingly.
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Term Facility Advance means any A Facility Advance, an A1 Facility Advance, an A2 Facility Advance, an A3 Facility Advance, each Additional Facility Advance, a B1 Facility Advance, a B2 Facility Advance, a B3 Facility Advance, a B4 Facility Advance, a B5 Facility Advance, a B6 Facility Advance, a B7 Facility Advance a B8 Facility Advance, a B9 Facility Advance, a B10 Facility Advance, a B11 Facility Advance, a B12 Facility Advance or a C Facility Advance and “Term Facility Advances” shall be construed accordingly.
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Examples of Term Facility Advance in a sentence

  • The period for which a Term Facility Advance is outstanding shall be divided into successive periods (each an “Interest Period”) each of which (other than the first) shall start on the last day of the preceding such period.

  • If 2 or more Interest Periods in respect of Term Facility Advances denominated in the same currency under the same Term Facility end at the same time, then on the last day of those Interest Periods, the Term Facility Advances to which those Interest Periods relate shall be consolidated into and treated as a single Term Facility Advance.

  • The rate of interest applicable to a Term Facility Advance at any time during an Interest Period relating to it shall be the rate per annum which is the sum of the Applicable Margin, the Associated Costs Rate for such Advance at such time (if applicable) and, LIBOR, for such Interest Period.

  • The rate of interest applicable to a Term Facility Advance at any time during an Interest Period relating to it shall be the rate per annum which is the sum of the Applicable Margin for the relevant Term Facilities, the Associated Costs Rate for such Advance at such time and EURIBOR or, in relation to any Term Facility Advance then denominated in an Optional Currency, LIBOR, for such Interest Period.

  • The rate of interest applicable to a Term Facility Advance at any time during an Interest Period relating to it shall be the rate per annum which is the sum of the Applicable Margin, the Mandatory Cost for such Advance at such time (if applicable) and, LIBOR, for such Interest Period.

  • The period for which a Term Facility Advance is outstanding shall be divided into successive periods (each an “Interest Period”) each of which (other than the first) shall start on the last day of the preceding such period and any Interest Period which begins during or at the same time as any other Interest Period in respect of a Term Facility Advance made under the same Term Facility shall end at the same time as that other Interest Period.

  • Delete sub-paragraph (d)(i) of Clause 11.5 (Selection – Term Facility) and replace it with the following: “any shorter period agreed by the Company and the Facility Agent and, in relation to the first Term for a Term Facility Advance only, any other period of six months or less agreed by the Company and the Facility Agent; or”.

  • On the last day of each Interest Period (or if such day is not a Business Day, on the immediately succeeding Business Day in the then current calendar month (if there is one) or the preceding Business Day (if there is not)), and if the relevant Interest Period exceeds 3 months, on the expiry of each 3 month period during that Interest Period, the Borrower shall pay accrued interest on the Term Facility Advance to which such Interest Period relates.

  • On the date of each Term Facility Advance, the Borrower shall pay to the Term Lender a facility fee equal to 1/2% of the principal amount of such Term Facility Advance.

  • The obligation of the Term Facility Lenders to make the Freedom Term Facility Advance under the Term Facility is conditional upon each of the Seventh Amendment Conditions Precedent having been satisfied.


More Definitions of Term Facility Advance

Term Facility Advance means a single Advance made by each Term Facility Lender pursuant to its Term Facility Commitment;
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Term Facility Advance means, as the context may require, a Tranche A Advance or a Tranche B Advance and “Term Facility Advances” shall mean each Tranche A Advance and Tranche B Advance or any of them.
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Term Facility Advance means a loan made or to be made under the Term Facility or the principal amount outstanding for the time being of that loan.
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Related to Term Facility Advance

  • Term Advance has the meaning specified in Section 2.01(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan has the meaning specified in Section 2.01(b).

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • 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.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B Facility in effect on the Closing Date, the Term B Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Delayed Draw Term Loan Commitment means the commitment of each Lender to make Delayed Draw Term Loans on each Delayed Draw Funding Date hereunder in an aggregate principal amount not to exceed the amount set forth under the heading “Delayed Draw Term Loan Commitment” opposite its name in Schedule 2.01 hereto. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $1,150,000,000.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

Most Referenced Clauses

Most Referenced Definitions