Term Loan Facility definition

Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

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

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

Examples of Term Loan Facility in a sentence

• As of December 31, 2020 and 2019, the Company had $441,600,000 and $446,400,000, respectively, outstanding under the Term Loan Facility, of which $4,800,000 is reflected in current liabilities.

• In addition, the Term Loan Facility requires the payment of excess cash flows under certain circumstances.

• In August 2020, the Company entered into a new five-year term loan facility (the "2020 Japan Term Loan Facility") between its subsidiary in Japan and Sumitomo Mitsui Banking Corporation (“SMBC”) for 2,000,000,000 Yen (or approximately U.S. $19,358,000 using the exchange rate in effect as of December 31, 2020).

• Loans under the Term Loan Facility are subject to interest at a rate per annum equal to either, at the Company's option, the LIBOR rate or the base rate, plus 4.50% or 3.50%, respectively.

• As of December 31, 2020, the interest rate under the Term Loan Facility was 6.65%.

More Definitions of Term Loan Facility

Term Loan Facility means the term loan facilities contained in the Credit Agreement and any other facilities or financing arrangements that Refinances in whole or in part any such term loan facility.

Term Loan Facility means the term loan facility established pursuant to Article II.

Term Loan Facility means, at any time, the aggregate principal amount of the Term Loans of all Lenders outstanding at such time.

Term Loan Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Borrower as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

Term Loan Facility means the Term B Loan Facility and each of the New Term Loan Facilities.

Term Loan Facility means the Term Loan Commitments and the Term Loans made thereunder.

Term Loan Facility means the term loan facility established pursuant to Article IV (including any new term loan facility established pursuant to Section 5.13).