Examples of Facility A-2 Loan in a sentence
Loan means a Facility A1 Loan, a Facility A2 Loan, a Facility A3 Loan and a Facility A4 Loan, and Loan means, as the context dictates, any one of them.
Each Selection Notice for a Euro Term Facility A1 Loan, a Euro Term Facility A2 Loan, a Euro Term Facility A3 Loan, a Euro Revolving Facility Loan, a Euro Capex Facility Loan and an Accordion Facility Loan is irrevocable and must be delivered to the Facility Agent by the Borrower not later than the Specified Time.
The Borrower may not request that a Euro Term Facility A1 Loan, a Euro Term Facility A2 Loan or a HUF Term Facility B1 Loan be divided if, as a result of the proposed division, 3 or more Euro Term Facility A1 Loans, 3 or more Euro Term Facility A2 Loans or (as the case may be) 3 or more HUF Term Facility B1 Loans would be outstanding.
The Initial Utilisation Date for Facility A1 Loan and Facility A2 Loan shall fall on the same date.
Any partial transfer of a Loan by an Existing Lender shall only be effective if transferred on a proportionate basis between Facility A1 Loan, Facility A2 Loan, Facility B Loan (if any) and the Available Commitment for Facility B (if any) of such Existing Lender.
Holdco shall ensure that the balance standing to the credit of the Holdco Prepayment Account attributable to any Distribution made to Holdco by the Company with the proceeds of Facility B Loans shall, on the immediately following Repayment Date for Facility A2 Loan, be applied towards prepayment of Facility A2 Loan in the order of maturity.
Holdco shall ensure that an amount equal to the full amount of any Distribution Proceeds is paid into the Holdco Prepayment Account for application in accordance with Clause 7.10 ( Prepayment Accounts) except such Distribution Proceeds that are set aside by way of reserves for the repayment of the Facility A2 Loan (or payment of any interest on the Facility A2 Loan) scheduled to become due and payable.
The Company shall apply (and Holdco shall procure the Company to apply) all amounts borrowed by it under Facility B towards the payment of the Distributions to Holdco so as to enable Holdco to prepay or repay the Facility A2 Loan.
If Holdco wholly or partially repays or prepays the Facility A2 Loan with funds, which are unrelated to or not sourced from the Company’s Utilisation of Facility B, the Total Facility B Commitments shall be reduced by an amount which is equal to the amount of such repayment or prepayment of the Facility A2 Loan on the date of such repayment or prepayment.
In the case of prepayment by Holdco, the amount of such prepayment shall be applied pro rata towards the prepayment of Facility A1 Loan and then Facility A2 Loan.