Type and Amount. Senior Secured Second Lien Notes of the Issuer (the “Second Lien Notes”) in an initial aggregate principal amount of $344,279,000 issued as partial exchange consideration for the Existing Notes.
Type and Amount. A five-year revolving facility (the “Revolving Facility”; the commitments thereunder, the “Revolving Commitments”) in the amount of $1.0 billion (the loans thereunder, together with (unless the context otherwise requires) the Swingline Loans referred to below, the “Revolving Loans”).
Type and Amount. Up to $300 million plus €800 million of senior unsecured term loans (the “Term Loan Facility”, the loans thereunder the “Term Loans”; and the commitments thereunder, the “Term Loan Commitments”; the Term Loan Facility, collectively with the Revolving Facility, the “New Facilities”), comprised of two tranches: (a) a tranche of senior unsecured term loans in an amount up to €800 million (the “Five Year Term Loan Facility”) of which up to €300 million shall be structured as a delayed draw facility (the “Delayed Draw Facility”) and (b) a $300.0 million tranche of senior unsecured term loans (the “Two Year Term Loan Facility”). Commitments under the Term Loan Facility shall be denominated in U.S. dollars, except that commitments in respect of the Delayed Draw Facility shall be denominated in euros. Closing Date/Delayed Draw: The availability of the Term Loan Facility on the Closing Date shall be subject to satisfaction or waiver of the conditions set forth in Annex B hereto (the “Closing Date”). After the Closing Date and on or prior to the Delayed Draw Termination Date, the Delayed Draw Facility shall be available to be drawn subject to satisfaction of the conditions set forth in Exhibit A under the heading “Ongoing Conditions”.
Examples of Type and Amount in a sentence
Type and Amount of Leave AvailableWisconsin FMLA - Up to six (6) weeks for the birth or adoption of a child, to begin within sixteen (16) weeks of the birth or placement.
Match Funding Requirements by Grant Type and Amount Once a grant agreement has been signed and proof of match submitted to the Trust Fund, a "Notice to Proceed" authorizing the approved project application will be sent to the applicant.
Type and Amount Program resources must be sufficient to ensure the achievement of the program’s goals and outcomes.
All grantees must participate in the national evaluation, if selected for inclusion.Grantees selected to participate will receive additional funding and a period of performance extension, as described in Sections II.A. Award Type and Amount and Section II.B. Period of Performance.
Type and Amount of Facility: An aggregate principal amount of up to $250 million will be available to Asarco subsequent to consummation of the Tender Offer under a senior secured revolving credit facility (the "R/C FACILITIES").
More Definitions of Type and Amount
Type and Amount. A senior secured first lien term loan facility (the “New First Lien Term Loan Facility”; and the term loans thereunder, the “New First Lien Term Loans”) in an aggregate original principal amount equal (x) the aggregate outstanding principal amount of the DIP Facility on the Plan Effective Date (as defined in the Transaction Support Agreement) less (y) the DIP Paydown Amount (as defined in the Chapter 11 Term Sheet). On the Plan Effective Date, each holder of DIP Facility Claims shall receive its pro rata share of the New First Lien Term Loans, as and to the extent set forth in the “Classification and Treatment of Claims” section of the Chapter 11 Term Sheet. No actual funding shall occur on the Plan Effective Date in respect of the New First Lien Term Loans. Once repaid or prepaid, no portion of the New First Lien Term Loans may be reborrowed.
Type and Amount. A senior secured asset-based revolving facility consisting of commitments and loans in an aggregate principal amount of $100.0 million (the “ABL Facility”; the loans made under the ABL Facility, the “ABL Loans”; the ABL Loans together with the Term Loans, the “Loans”). The ABL Facility shall be funded in U.S. Dollars, Euros, sterling and other currencies to be agreed. Availability and Maturity: The ABL Facility shall be available subject to the Line Cap on a revolving basis during the period commencing on the ABL Closing Date and ending on the fifth anniversary of the ABL Closing Date (the “ABL Termination Date”); provided that, if any Existing Term Loans remain outstanding on the date that is 180 days prior to the scheduled Maturity Date (as defined in the Existing Term Loan Credit Agreement) of such Existing Term Loans, then the ABL Termination Date shall be the date that is 91 days prior to the Maturity Date (as defined in the Existing Term Loan Credit Agreement) of such Existing Term Loans; provided further that the amount of the ABL Loans to be drawn on the ABL Closing Date shall not exceed $10,000,000. The revolving commitments and the ABL Loans under the ABL Facility will mature on the ABL Termination Date. Overall borrowing availability under the ABL Facility will be equal to the lesser of (a) the aggregate amount of commitments then in effect and (b) the Borrowing Base then in effect (such lesser amount at any time, the “Line Cap”).
Type and Amount. A senior secured term loan facility (the “Senior Secured Term Facility”) in the amount of $425 million (the loans thereunder, the “Senior Secured Term Loans”).
Type and Amount. The Amended Bank Facilities shall consist of a Term Loan Facility and a Revolving Credit Facility. Term Loan Facility. $90 million delayed-draw term loan facility with a final maturity date of August 31, 2001 (subject to reduction based on the aggregate face amount of letters of credit outstanding on the Closing Date as set forth below). Up to $73.7 million of loans outstanding under the Existing Bank Facility as of the Closing Date, shall be deemed to be term loans outstanding on the Closing Date. The face amount of all letters of credit outstanding under the Existing Bank Facilities as of the Closing Date and any replacements, renewals or extensions thereof will be reserved in full against availability under the Term Loan Facility. Except for such replacements, renewals or extensions, no new letters of credit will be issued under the Term Loan Facilities. The Term Loan Facility shall be permanently reduced by the amount of any reduction in the face amount of any letter of credit and by the face amount of any letter of credit not renewed upon the expiration thereof. Drawings under the letters of credit shall be reimbursed to the issuing lender through a draw of a term loan under the Term Loan Facility. In the event the aggregate face amount of all letters of credit outstanding on the Closing Date is less than [$16.3] million as a result of a permanent reduction in the face amount thereof or the expiration thereof, the $90 million Term Loan Facility shall be decreased dollar for dollar. Monthly amortization of the Term Loan Facility will be required in an amount equal to $250,000 on May 31, 2000, June 30, 2000 and July 31, 2000, respectively, and $500,000 on the last day of each calendar month thereafter. Two additional amortization payments (the "Additional Amortization Payments") will be required on January 31, 2001 and July 31, 2001 in an amount equal to $15 million on each such date. Revolving Credit Facility. Up to $25 million (the "Revolving Commitment") revolving credit facility with a final maturity date of August 31, 2001 under which revolving loans may be made. Borrowing availability under the Revolving Credit Facility will be limited to 90% of Borrower's eligible accounts receivable less reserves (the "Borrowing Base"), but not to exceed the Revolving Commitment. The definitive documentation evidencing the Amended Bank Facilities (the "Definitive Financing Documents") will contain customary and appropriate Borrowing Base provisions.
Type and Amount. A revolving reserve-based loan facility (the “RBL Facility”) in an initial aggregate principal amount of $1.75 billion (the loans thereunder, irrespective of tranche (as described below), the “RBL Loans”). The RBL Facility shall consist of two tranches of RBL Loans: Tranche A RBL Exit Facility Loans (the “Tranche A RBL Loans”, and the commitments under the RBL Facility to make such Tranche A RBL Loans, the “RBL Tranche A Commitments”), in an amount equal to $[●], which Tranche A RBL Loans (i) will be partially funded on the Closing Date, (ii) will have a scheduled maturity of 3 years from the Closing Date, (iii) shall at all times be repaid prior to the repayment of any Tranche B RBL Loans and (iv) shall be fully revolving. Tranche B RBL Exit Facility Loans (the “Tranche B RBL Loans”) in an amount equal to $[●], which Tranche B RBL Loans (i) will be fully funded on the Closing Date, (ii) will have a maturity of 4 years from the Closing Date, (iii) will be prepaid or repaid only after no Tranche A RBL Loans remain outstanding, and (iv) once so prepaid or repaid, may not be reborrowed. Amounts funded (or Letters of Credit issued) under the RBL Facility will be available in U.S. dollars.
Type and Amount. The aggregate principal amount of the PD LLC Notes, after giving effect to the Reserve Account Payment and the Operational Account Payment contemplated under this Summary of Indicative Terms (this “Term Sheet”), shall be replaced with New PD LLC Notes having the same aggregate principal amount (the “Exchange”), with an increase to such principal amount as additional consideration in respect of the terms hereof in the aggregate amount equal to $3,500,000. The New PD LLC Notes shall be issued by PD LLC pursuant to the New Note Agreement.
Type and Amount. First priority term loan facility in an aggregate principal amount of up to $1,000.0 million (the “Term Facility”), which shall be secured on a pari passu basis with the loans made under the Existing Term Loan Agreement (as defined below). Loans under the Term Facility (the “Term Loans”) will be available to the Borrower in U.S. dollars.