Tranche A Term Loan Facility definition

Tranche A Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

Tranche A Term Loan Facility means the credit facility under this Agreement evidenced by the Tranche A Term Loan Commitments and the Tranche A Term Loans.

Tranche A Term Loan Facility the Tranche A Term Loan Commitments and the Tranche A Term Loans made thereunder.

Examples of Tranche A Term Loan Facility in a sentence

• Each such prepayment shall be applied ratably to each of the Term Loan Facilities and the Drax Letter of Credit Facility as set forth in clause (c) below (it being understood that for purposes of calculating such ratable share prior to the Tranche A Term Loan Facility being paid in full, the aggregate amount of the Revolving Credit Commitments shall be deemed to be part of the Tranche A Term Loan Facility).

• No amount of the Tranche A Term Loan repaid or prepaid by the US Borrower may be reborrowed hereunder, and no Borrowing under the Tranche A Term Loan Facility shall be allowed other than the advance set forth in the first sentence of this Section 2.01(a) and any Incremental Tranche A Term Loan advanced as part of any Facilities Increase.

• The Tranche A Term Loan Facility and the Revolving Facility added certain financial covenants that require the Company to maintain a total leverage ratio below 3.75 to 1.00 as well as an interest coverage ratio above 3.00 to 1.00.

• In addition, Borrowers will use all proceeds of the Tranche A Term Loan Facility, the Tranche B Term Loan Facility, the Tranche C Term Loan Facility, the Tranche D Term Loan Facility, the Dollar Revolving Facility and the Multicurrency Revolving Facility (i) to repay the loans under the Existing Credit Agreement and pay related fees and expenses and (ii) to provide financing for general corporate purpose (including working capital requirements) of Company, the Borrowers and their respective Subsidiaries.

• The Tranche A Term Loan Interest Rate Selection Notice shall specify (i) the proposed funding date of the Tranche A Term Loan (which shall be a Business Day), (ii) the amount of the requested Borrowing, and (iii) the Type of Borrowing under the Tranche A Term Loan Facility so requested.

More Definitions of Tranche A Term Loan Facility

Tranche A Term Loan Facility means the Tranche A Term Loan Commitments, the facility described in the Fifth Amendment providing for a Tranche A Term Loan to the US Borrower by the Tranche A Term Loan Lenders on the Restatement Date in an aggregate principal amount of $660,000,000 and the Incremental Tranche A Term Loans made pursuant to the facility described in Section 2.01(c) (Facilities Increase) providing for one or more Incremental Tranche A Term Loans to the US Borrower by the Tranche A Term Loan Lenders.

Tranche A Term Loan Facility the Tranche A Term Loan Commitments and the Tranche A Term Loans made thereunder (it being understood that, from and after the funding of the Delayed Draw Term Loans, the Delayed Draw Term Loans shall be considered to be a part of the Tranche A Term Loan Facility).

Tranche A Term Loan Facility means, at any time, (a) on or prior to the Effective Date, the aggregate amount of the Dollar Commitment (Tranche A) at such time, and (b) thereafter, the aggregate principal amount of the Tranche A Term Loans of all Tranche A Term Lenders outstanding at such time.

Tranche A Term Loan Facility has the meaning set forth in the fourth recital hereof.

Tranche A Term Loan Facility means the extensions of credit made hereunder by Lenders holding Tranche A Term Loans.

Tranche A Term Loan Facility has the meaning specified in the definition of “Facility”.

Tranche A Term Loan Facility means the Tranche A Term Loan Commitments, the facility described in the Second Amendment providing for a Tranche A Term Loan to the US Borrower by the Tranche A Term Loan Lenders on the Second Amendment Effective Date in an aggregate principal amount of $595,738,636.35 and the Incremental Tranche A Term Loans made pursuant to the facility described in Section 2.01(c) (Facilities Increase) providing for one or more Incremental Tranche A Term Loans to the US Borrower by the Tranche A Term Loan Lenders.