Additional Term Facility Sample Clauses
An Additional Term Facility clause allows for the provision of extra loan facilities under an existing agreement, typically on terms similar to the original facility. This clause outlines the process by which a borrower can request, and lenders can agree to, additional funding, often specifying conditions such as maximum amounts, notice requirements, and any necessary consents. Its core function is to provide flexibility for borrowers to access further financing without renegotiating the entire agreement, thereby streamlining the process and addressing future funding needs efficiently.
Additional Term Facility. In the case of an Additional Term Facility, (a) the Term Loans under such Additional Term Facility shall not have a Maturity Date, or a weighted average life, shorter than any Term Facility outstanding at the Additional Facility Closing Date, (b) such Additional Term Facility shall not have any required amortization prior to the Maturity Date applicable to any then outstanding applicable Term Facility which is not being prepaid with the proceeds of such Additional Facility unless the average weighted life to maturity of such Additional Facility is equal to or greater that the average weighted life to maturity of any Term Facility immediately prior to the respective Additional Facility Closing Date and (c), in the case of any Additional Term B Facility entered into within 18 months after the Closing Date, if the aggregate of the per annum rate of interest and fees payable to the Additional Term B Facility Lenders party thereto exceeds the aggregate of the per annum rate of interest and fees payable to the Lenders under any applicable Term B Tranche Facility by more than 0.50% per annum, the Applicable Margin in respect of such Term B Tranche Facility shall be increased by an amount equal to such excess amount over 0.50% per annum from the respective Additional Facility Closing Date until the Loans pursuant to such applicable Term B Tranche Facility have been paid in full.
Additional Term Facility. Upon effectiveness of this Amendment, each Additional Term Lender shall have the Additional Term Commitment set forth opposite such Additional Term Lender's name on Schedule 2.01 attached hereto under the caption "Additional Term Commitment" or opposite such caption in the Assignment and Assumption pursuant to which such Additional Term Lender becomes a party to the Credit Agreement, as applicable, as such amount may be adjusted from time to time in accordance with the Credit Agreement. Each Additional Term Lender is hereby added to the Credit Agreement as a Lender with an Additional Term Commitment as provided above.
Additional Term Facility. The Company shall repay to the Agent for the ratable account of the Additional Term Lenders on the dates and in the amounts specified on Schedule 2.18, provided, however, that the final principal installment shall be repaid on the Additional Term Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of the Additional Term Advances outstanding on such date.
Additional Term Facility. The parties hereto acknowledge that the ------------------------ Term Facility does not constitute an Additional Term Loan or an Additional Term Facility and the aggregate principal amount of Additional Term Facilities available (subject to the terms and conditions of the Amended Credit Agreement) as of the First Amendment Effective Date pursuant to Section 2.14 of the Amended Credit Agreement remains at $400,000,000.
Additional Term Facility. (a) The Company may, at any time after Citigroup Global Markets Inc. notifies the Company that the primary syndication of the Revolving Credit Facility and the Term B Facilities has been completed, but in any event not more than once prior to the Termination Date, by notice to the Agent, request that the Additional Term Facility be established in an aggregate amount of the Additional Term Commitments of not more than $500,000,000, to be effective as of a date specified in the related notice to the Agent, having an Additional Term Maturity Date not earlier than six months following the Term B Maturity Date, having amortization payments, if any, and bearing interest at the Applicable Margin specified in the related notice to the Agent; provided, however that on the date of any request by the Company for the establishment of the Additional Term Facility and on the Additional Term Effective Date, the conditions set forth in Section 2.18(c) shall be satisfied.
Additional Term Facility. Effective as of the Agreement Effective Date, the Credit Agreement is supplemented to establish an Additional Term Facility (this “Facility” or the “Term C Facility”), as follows:
Additional Term Facility