Term Loan Facilities Sample Clauses

Term Loan Facilities. (i) Subject to the terms and conditions contained in this Agreement, each Term Loan Lender (or its predecessor-in-interest) made a loan (collectively, the “Term Loans A”) to Borrowers on the Closing Date in a principal amount equal to the amount of such Lender’s Term Loan A Commitment. (ii) Subject to the terms and conditions contained in this Agreement, each Term Loan Lender agrees to make one or more loans pursuant to this Section 2.01(c)(ii) (collectively, the “Term Loans B”) to Borrowers on the applicable Term Loan B Funding Date in an aggregate principal amount which does not exceed the amount of such Lender’s Term Loan B Commitment; provided, however, that: (A) Term Loan Lenders shall have no obligation to make any Term Loan B if, after giving effect to any such Term Loan B, the sum of the aggregate amount of the Term Loans B then outstanding plus the amount of the requested Term Loans B would exceed the Aggregate Term Loan B Commitments then in effect; and (B) the sum of (1) the aggregate then outstanding principal amount of all Term Loans, (2) the then outstanding unpaid principal balance of Revolving Credit Loans (after deducting therefrom the amount to be paid on such Term Loan B Funding Date from the proceeds of the requested Term Loans B), (3) the Letter of Credit Usage, and (4) all other Senior Debt then outstanding, shall not exceed the lesser of (x) forty-five percent (45%) of the Compressed Sale Value of Stations, and (y) Seventy Million Dollars ($70,000,000); and (C) the sum of (1) the aggregate then outstanding principal amount of all Term Loans, (2) the then outstanding unpaid principal balance of Revolving Credit Loans (after deducting therefrom the amount to be paid on such Term Loan B Funding Date from the proceeds of the requested Term Loans B), and (3) the Letter of Credit Usage, shall not exceed forty-five percent (45%) of the Compressed Sale Value of Eligible Stations. (iii) The borrowings under this Section 2.01(c) shall be evidenced by Borrowers’ Secured Promissory Notes issued to the respective Term Loan Lenders (together with any additional Secured Promissory Notes issued to assignee(s) of the Term Loan Lenders under Article XII or otherwise issued in addition thereto, in substitution therefor or amendment or replacement thereof, collectively the “Term Notes”), such Term Notes with respect to Term Loans A to be in the form of Exhibit B-▇ (the “Term Loan A Notes”) attached hereto and with respect to Term Loans B to be in the fo...

Term Loan Facilities. Subject to the terms of this Agreement, the Lenders make available to: (a) the Company and other Borrowers agreed to by the Lenders, term loan facilities in an aggregate amount equal to the Total General Term Loan Commitments as follows: (i) a term loan facility in the maximum aggregate amount of €467,657,129 (“A1 Term Loan Facility”) to be available in euros; (ii) a term loan facility in the maximum aggregate amount of €1,132,580,714 (“B1 Term Loan Facility”) to be available in euros; and (iii) a term loan facility in the maximum aggregate amount of €1,132,580,714 (“C1 Term Loan Facility”) to be available in euros; (b) the Restricted Borrower in an aggregate amount equal to the Total Restricted Term Loan Commitments as follows: (i) a term loan facility in the maximum aggregate amount of €32,342,871 (“A2 Term Loan Facility”); (ii) a term loan facility in the maximum aggregate amount of €78,328,565 (“B2 Term Loan Facility”); and (iii) a term loan facility in the maximum aggregate amount of €78,328,565 (“C2 Term Loan Facility”).

Term Loan Facilities. (a) Subject to the terms and conditions hereof, the Lender agrees to make a term loan to the Borrower in one advance (such advance, together with any advances made in connection with the substitution of Term Loan A Aircraft or a Term Loan A Aircraft Engine pursuant to Section 2.5(a) hereof, "TERM LOAN A") on the Closing Date in the principal amount of the lesser of (a) the Term Loan A Facility on such date and (b) the Term Loan A Borrowing Base on such date plus the Revolver Reserve on such date (without regard to the Term Loan B Facility or the Term Loan B Borrowing Base). Term Loan A shall be dated the Closing Date, stated to mature in the installments and amounts payable on the dates set forth in SCHEDULE 2.3A hereto, and bear interest for the period from the Closing Date on the unpaid principal amount thereof at the applicable interest rates per annum specified in Section 3. 1. All payments of principal thereof shall reduce the Term Loan A Facility on a dollar-for-dollar basis. (b) Subject to the terms and conditions hereof, the Lender agrees to make a term loan to the Borrower in one advance (such advance, together with any advances made in connection with the substitution of Term Loan B Aircraft or Term Loan B Aircraft Engines pursuant to Section 2.5(b) hereof, "TERM LOAN B") on the First Amendment Effective Date in the principal amount of the lesser of (a) the Term Loan B Facility on such date and (b) the Term Loan B Borrowing Base on such date. Term Loan B shall be dated the First Amendment Effective Date, stated to mature in the installments and amounts payable on the dates set forth in SCHEDULE 2.3B hereto, and bear interest for the period from the First Amendment Effective Date on the unpaid principal amount thereof at the applicable interest rates per annum specified in Section 3. 1. Notwithstanding the foregoing, no payment of principal of Term Loan B scheduled to be made during the period commencing with and including month 25 and ending with and including month 35, in each case as set forth on SCHEDULE 2.3B shall be required if at the time such payment is scheduled to be made the Forced Liquidation Value of the Term Loan B Aircraft and the Term Loan B Aircraft Engines equals or exceeds 125% of the outstanding principal balance of Term Loan B. All payments of principal thereof shall reduce the Term Loan B Facility on a dollar-for-dollar basis."

Term Loan Facilities. (a) Each General Term Loan Facility may be used in or towards financing the following: (i) part-financing the acquisition by the Company of Target Shares other than the Restricted Target Shares; (ii) refinancing existing indebtedness of the JSG Group and the Target Group and the acquisition by Smurfit Deutschland GmbH of loans to Kappa Packaging (Deutschland) GmbH as contemplated in the Structure Memorandum; (iii) the payment of the Acquisition and Refinancing Costs; and (iv) to the extent not otherwise covered herein, the Permitted Post Closing Drawing Purposes. (b) Each Restricted Term Loan Facility may only be used in or towards financing the acquisition by the Restricted Borrower of Restricted Target Shares.

Term Loan Facilities. 33 SECTION 4.1

Term Loan Facilities. Term loan -------------------- facilities in an aggregate principal amount of $1,125,000,000 (the "Term Loan Facilities"), -------------------- such aggregate principal amount to be allocated among (i) a Term Loan A Facility in an aggregate principal amount of $400,000,000 (the "Term Loan A Facility"), (ii) an -------------------- Asset Sale Facility in an aggregate principal amount of $225,000,000 (the "Asset Sale ---------- Facility"), (iii) a Term Loan B Facility in an -------- aggregate principal amount of _______________________ /a/ Capitalized terms used herein and not defined shall have the meanings assigned to such terms in the attached "Credit Facilities" Commitment Letter (the "Commitment Letter"). ----------------- [SENIOR SECURED] $250,000,000 (the "Term Loan B Facility"), -------------------- and (iv) a Term Loan C Facility in an aggregate principal amount of $250,000,000 (the "Term Loan C Facility"). Loans under the -------------------- Term Loan Facilities are herein referred to as "Term Loans". ----------

Term Loan Facilities. ▇▇▇▇▇▇▇ shall have closed the First Lien Credit Facility and borrowed $185.0 million under such First Lien Credit Facility; (ii) ▇▇▇▇▇▇▇ shall have closed the Second Lien Credit Facility and borrowed $265.0 million under such Second Lien Credit Facility; and (iii) ▇▇▇▇▇▇▇ shall have consummated the Financing Transactions, repaid all amounts outstanding under each of the Refinanced Facilities, terminated any and all commitments with respect thereto and any and all Liens and/or other security interests granted or created thereunder shall have been released and/or terminated, and, in each case, ▇▇▇▇▇▇▇ shall have provided to the Agent satisfactory evidence of such.

Term Loan Facilities. (a) Each of the A1 Term Loan Facility, the B1 Term Loan Facility and the C1 Term Loan Facility may be used in or towards financing the following: (i) part-financing the acquisition by the Company of Target Shares other than the Restricted Target Shares; (ii) refinancing existing indebtedness of the Smurfit Kappa Group and the Target Group and the acquisition by Smurfit Deutschland GmbH of loans to Kappa Packaging (Deutschland) GmbH as contemplated in the Structure Memorandum; (iii) the payment of the Acquisition and Refinancing Costs; and (iv) to the extent not otherwise covered herein, the Permitted Post Closing Drawing Purposes. (b) Each Restricted Term Loan Facility may only be used in or towards financing the acquisition by the Restricted Borrower of Restricted Target Shares. (c) Each of the B3 Term Loan Facility and the C3 Term Loan Facility may be used after the date of the Second Amendment and Restatement Agreement, towards partial or full repayment, prepayment, redemption, defeasance or purchase of the 2012 Senior Cash Pay Notes and any payments of premium required in relation thereto and payment of fees and expenses incurred in relation thereto and any balance may be used for general corporate purposes.

Term Loan Facilities. On the Closing Date, subject to the provisions of Section 3 below and subject to the other provisions and conditions of this Agreement, each Lender severally (and not jointly) agrees to lend to Borrowers its Pro Rata Share based on such Lender's Term Loan Commitment of a term loan, the aggregate principal amount of which shall be $20,000,000 (the "Term Loan"). The portion of the Term Loan made by each Lender shall be evidenced by and shall be repayable in accordance with the terms hereof and the terms of an installment note in the form attached hereto as Exhibit 2.2 (each, a "Term Note") with the blanks appropriately filled. The provisions of each Term Note notwithstanding, the Liabilities evidenced by each Term Note shall become immediately due and payable as provided in Section 8.1 hereof, and, without notice or demand, upon the termination of this Agreement pursuant to Section 2.8 hereof.