Examples of B Term Facility in a sentence
The Target B Term Facility will be subject to quarterly amortization of one-quarter percent (0.25%) of the original principal amount of the Target B Term Loan Facility (collectively, the “Term B Scheduled Amortization”, and together with the Term A Scheduled Amortization, the “Scheduled Amortization”).
Facility Assigned Aggregate Amount of Commitment/ Loans for all Lenders Amount of Commitment/ Loans Assigned Percentage Assigned of Commitment/Loans13 Tranche A Term Facility $ $ % Tranche B Term Facility $ $ % Dollar Revolving Facility $ $ % Alternative Currency Revolving Facility $ $ % 13 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder.
The Borrower will pay to the Lender a non-refundable establishment fee equal to [ *** ]% of the aggregate of the Revolving Facility Commitment, the Tranche A Term Facility Commitment and the Tranche B Term Facility Commitment on Financial Close.
The Tranche B Term Facility shall be for a term (the “Tranche B Term Facility Term”) commencing on the date hereof and ending on February 11, 2021 (the “Tranche B Term Facility Maturity Date”) or such earlier date as the Tranche B Term Facility is accelerated pursuant to the terms of this Agreement upon an Event of Default.
The Borrower hereby unconditionally promises to pay to the Tranche B Administrative Agent for the account of the appropriate Tranche B Term Lenders, as the case may be, the then unpaid principal amount of each Tranche B Term Loan made to the Borrower outstanding on the Revolving Termination Date in respect of the Tranche B Term Facility (or on such earlier date on which the Loans become due and payable pursuant to Section 8.1).
The proceeds of the Tranche B Term Loans made on the Tranche B Term Facility Initial Funding Date shall be used only (i) to pay a portion of the consideration for the Zipcar Acquisition, (ii) to pay costs and expenses related to the Zipcar Acquisition and the Sixth Amendment and (iii) for general corporate purposes.
All material governmental and third party approvals necessary in connection with the Tranche B Term Facility shall have been obtained and be in full force and effect without any action being taken or threatened by any competent authority that would restrain, prevent or otherwise impose material adverse conditions on the financing contemplated hereby.
At the Tranche A Term Facility Maturity, the Tranche B Term Facility Maturity, the Tranche C Term Facility Maturity or the Tranche D Term Facility, as applicable, all accrued interest, principal and other charges due with respect to the respective facility shall be due and payable in full and the principal balance and such other charges, including unpaid interest, shall, at the option of the Administrative Agent, continue to bear interest thereafter at the Default Rate until so paid.
The Net Proceeds of the Tranche B Term Facility and Tranche A Term Facility, together with the Net Proceeds of the Senior Notes in an aggregate amount equal to $400,000,000, will be used by Holdings and its subsidiaries to (i) to repay an intercompany note to Honeywell or a subsidiary of Honeywell in an aggregate amount not to exceed $1,200,000,000, (ii) to pay fees and expenses related to the foregoing transactions and (iii) for general corporate purposes.
Borrower shall have deposited in a segregated account with the Administrative Agent or one of its Affiliates an amount equal to $7,500,000.00 on or before the date hereof, to be applied by the Administrative Agent at the direction of the U.S. Borrower as an optional prepayment to the Tranche B Term Facility on or before January 15, 2003.