Examples of Term Facility Loans in a sentence
The obligations of the Lenders hereunder to make Revolving Credit Loans and Incremental Term Facility Loans, to fund participations in Letters of Credit and Swing Line Loans and to make payments pursuant to Section 11.04(c) are several and not joint.
The Borrower shall repay to the applicable Incremental Term Facility Lenders the aggregate amount of all Incremental Term Facility Loans made under an Incremental Term Facility at such times as may be set forth in the amendment or supplement to this Agreement executed in connection with such Incremental Term Facility.
If the Borrower fails to specify a Type of Loan in a Committed Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Revolving Credit Loans or Incremental Term Facility Loans shall be made as, or converted to, Base Rate Loans.
Borrower shall use commercially reasonable efforts to obtain ratings from each of Xxxxx’x and S&P for the Term Facility Loans prior to the date that is 270 days after the Closing Date.
It is the understanding, agreement and intention that once made pursuant to this Section 2.01(b), any Term Facility Loans shall be part of the same Tranche, indistinguishable from one another.