Examples of Acquisition Term Loan Facility in a sentence
Amounts borrowed under the Acquisition Term Loan Facility that are repaid or prepaid may not be reborrowed.
Notwithstanding the foregoing, the conditions set forth in clauses (i), (ii) and (iv) above shall not apply in the case of any Incremental Term Loans or Incremental Commitments with respect to the RPS Acquisition Term Loan Facility which are to be borrowed on the RPS Acquisition Closing Date and shall have conditions to funding set forth in the applicable Incremental Commitment Amendment which are consistent with Section 4.03.
After giving effect to the Revolving Credit Facility Commitment, the Term Loan Facility Commitment, the Acquisition Term Loan Facility Commitment, and all Advances made thereunder, Borrower will at all times during the term of this Agreement be in compliance with the terms and conditions of the Indenture, in general, and the terms and conditions dealing with Permitted Indebtedness (as such term is defined in the Indenture), in particular.
Quarterly in advance on the first Business Day of each calendar quarter, commencing on January 3, 1999 (which is the first Business Day of the calendar quarter immediately following the Closing Date), so long as any Advance, any portion of the Revolving Credit Facility Commitment, any Letter of Credit or, any portion of the Acquisition Term Loan Facility Commitment remains outstanding, Borrower shall pay to the Agent for its own account an agency fee of $10,000 per quarter.
Acquisition Term Loan Facility: An Acquisition Term Loan tranche in an aggregate principal amount of $700 million plus, at the option of the Borrower, additional amounts to fund OID relating thereto (the “Acquisition Term Loan Facility” and such loans made thereunder the “Acquisition Term Loans”).
CONFIDENTIAL BUSINESS RESOURCE GROUP SUMMARY OF TERMS AND CONDITIONS $40,000,000 Secured Revolving Credit Facility $8,000,000 Secured Term Loan Facility $8,000,000 Secured Acquisition Term Loan Facility for BR Acquisition Corp.
Upon drawdown on the Acquisition Term Loan Facility, an incremental $8.4 million was incurred and the total of $63.3 million of deferred issuance costs are deferred and amortized over the term of the debt.
Final Maturity and Amortization: The Acquisition Term Loan Facility will mature on the date that is six (6) years after the Closing Date (the “Acquisition Term Loan Maturity Date”), and will amortize in quarterly installments over such period (beginning with the last day of the first full fiscal quarter after the Closing Date) in an amount equal to 1% per annum with the balance due on the Acquisition Term Loan Maturity Date.
The Term Loans will be made in consolidation, continuation and rearrangement of the Indebtedness outstanding under the Existing Term Loan Facility and the Existing Acquisition Term Loan Facility as of the Effective Date, other than the portions of such Indebtedness to be refinanced under the Revolving Credit Facility and the R/E Term Loan Facility.
An amount of $23,518,000 ($25,339,000 net of allocated issuance costs of $1,821,000) was recorded in share capital.