Examples of 5-Year Term Loan in a sentence
Following disbursement of any 5-Year Term Loans, the 5-Year Term Loan Commitment of each 5-Year Term Loan Lender shall be deemed to be utilized for all purposes of this Agreement in an amount equal to the product of (i) such 5-Year Term Loan Lender’s 5-Year Term Loan Commitment Percentage, and (ii) the aggregate amount of all prior disbursements of 5-Year Term Loans.
Interest on the 5-Year Term Loan was payable at least every three months in arrears, beginning in May 2021.
Free cash flow for the second quarter of 2021 was negatively impacted by $17.8 million of integration and reorganization costs and $1.2 million of third-party fees related to the 5-Year Term Loan.
Immediately following the end of the 5-Year Term Loan Availability Period, the 5-Year Term Loan Lenders shall have no further obligation to fund 5-Year Term Loans and any undisbursed 5-Year Term Loan Commitments shall be canceled.
The 5-Year Term Loan was to mature on February 9, 2026 and, at our option, bore interest at a rate equal to LIBOR plus a margin equal to 7.00% per annum or an alternate base rate plus a margin equal to 6.00% per annum.
The aggregate 5-Year Term Loan Commitments shall be automatically and permanently reduced to zero on the date of the initial 5-Year Term Loan Borrowing.
Notwithstanding the immediately preceding sentence but subject to Section 2.16, a borrowing of 5-Year Term Loans may be in the aggregate amount of the unused 5-Year Term Loan Commitments.
In addition, the terms of our indebtedness, including our credit facility, the 5-Year Term Loan, and the Indenture for the 2027 Notes have terms that restrict our ability to pay dividends.
Excluded from total square footage but included in location counts are serviced office spaces.All of our material real properties owned by our material domestic subsidiaries are mortgaged as collateral for our 5-Year Term Loan.
For the year ended December 31, 2021, the Loss on early extinguishment of debt was mainly due to the refinancing activities which occurred in 2021, including the refinancing of our five-year, senior-secured term loan facility in an aggregate principal amount of $1.045 billion (the "5-Year Term Loan") in the fourth quarter of 2021 and the payoff of our five-year, senior-secured 11.5% term loan facility with Apollo Capital Management, L.P. which was made in the first quarter of 2021.