Examples of Term Loan A Advance in a sentence
The Second Term Loan A Advance Shares and the Second Term Loan B shall be referred to below cumulatively as the “Shares”.
During the Term Loan A Interest Only Period, Borrower will pay interest on the Term Loan A Advance on the first business day of each month, beginning the month after the Closing Date.
The proceeds of the initial Term Loan B Advance and all Term Loan A Advances shall be available (and the Borrower shall use such proceeds) solely (i) with respect to the initial Term Loan B Advance and any Term Loan A Advance made on the Closing Date only, to refinance existing indebtedness of the Borrower, (ii) for Permitted Acquisitions, (iii) for Capital Expenditures permitted under the terms of this Agreement, (iv) for working capital and (v) for other lawful corporate purposes.
Once borrowed and repaid, no Term Loan A Advance may be reborrowed.
Lender shall fund the Term Loan A Advance in the manner requested by the Advance Request provided that each of the conditions precedent to such Term Loan A Advance is satisfied as of the requested Advance Date.