A5 Term Loan definition
Examples of A5 Term Loan in a sentence
Each A3 Term Loan or A5 Term Loan outstanding as of the Second Amendment Restatement Date will be deemed continued on the Second Amendment Restatement Date as an A3 Term Loan or A5 Term Loan, as applicable, with an initial Interest Period as set forth on the notice of continuation attached as Exhibit A to the Second Amendment.
From and after the Amendment No. 20 Effective Date, pursuant to Section 10.01 of the Credit Agreement, each Tranche A-4 Term Loan Lender and Tranche A-5 Term Loan Lender executing this Amendment shall become a party to the Credit Agreement (to the extent not already a party) and have the rights and obligations of a Term Loan Lender thereunder and under the other Loan Documents and shall be bound by the provisions thereof.
The principal amount of the Tranche A-5 Term Loan shall be repaid in twenty (20) consecutive quarterly installments on the last Business Day of each January, April, July and October, beginning October 31, 2017 and ending on July 31, 2022 (the “Tranche A-5 Term Loan Maturity Date”) when the remaining principal amount will be due and payable in full.
With respect to the Term Loan Facility, specify whether the loan is a Tranche A-1 Term Loan, a Tranche A-2 Term Loan, a Tranche A-3 Term Loan, a Tranche A-4 Term Loan or a Tranche A-5 Term Loan.
The Tranche A-3 Term Loan was repaid in full and refinanced on the Amendment No. 2 Effective Date, in whole or in part, with proceeds from the Tranche A-5 Term Loan.
On the Amendment No. 2 Effective Date, each of the Tranche A-5 Term Lenders severally agrees to make its portion of a term loan (in the amount of its respective Tranche A-5 Term Loan Committed Amount) in a single advance in Dollars, in an aggregate principal amount of ONE BILLION FIVE HUNDRED MILLION DOLLARS ($1,500,000,000) (the “Tranche A-5 Term Loan”), to FMCH, as Borrower therefor.
The Tranche A-5 Term Loan may consist of Base Rate Loans, Fixed LIBOR Rate Loans or a combination thereof, as such Borrower may request.
Amounts repaid on the Tranche A-5 Term Loan may not be reborrowed.
The initial A5 Term Loan Borrowing shall consist of A5 Term Loans made simultaneously by the A5 Term Loan Lenders in accordance with their respective initial A5 Term Loan Commitments.
The Agent hereby waives the processing and recordation fee provided for in Section 9.07(b)(iv) of the Existing Credit Agreement in connection with any assignment of (i) A5 Term Loans by Departing A5 Term Loan Lenders or Decreasing A5 Term Loan Lenders or (ii) B Term Loans by Departing B Term Loan Lenders, in each case as contemplated by Section 2 hereof.