Facility A Commitment Period definition
Examples of Facility A Commitment Period in a sentence
During the Revolving Credit Facility A Commitment Period, the Company may from time to time borrow, repay and reborrow Revolving Credit Facility A Loans on or after the date hereof and prior to the Revolving Credit Facility A Commitment Termination Date, subject to the terms, provisions and limitations set forth herein.
Subject to the terms and conditions set forth in this Agreement, upon the written request of the Company in accordance herewith, the Issuing Lender shall issue Letters of Credit at any time during the Revolving Credit Facility A Commitment Period with pro rata participation by all of the Lenders in accordance with their respective Commitment Proportions.
During the Revolving Credit Facility A Commitment Period, the Company may from time to time borrow, repay and reborrow Swingline Loans on or after the date hereof and prior to the Revolving Credit Facility A Commitment Termination Date, subject to the terms, provisions and limitations set forth herein.
During the Facility A Commitment Period, so long as no Default or Event of Default has occurred or if all Events of Default have been expressly waived in writing by Lender, Borrower may borrow and repay the amounts owing under Facility A in whole or in part, and reborrow, all in accordance with the terms and conditions hereof.
Such commitment fee shall be payable quarterly, on the last day of each March, June September and December during the Facility A Commitment Period, commencing September 30, 1998, and on the Facility A Termination Date.
During the Facility A Commitment Period the Borrower may use the Facility A Commitments by borrowing, prepaying the Facility A Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
A Request for a Facility A Advance shall specify a Business Day during the Facility A Commitment Period on which such Advance is to be made (a "Facility A Borrowing Date") and the amount of the Advance requested.
It is contemplated that Borrower may request an extension of the Facility A Commitment Period by giving written notice of such request to each Lender at least 120 days prior to the end of the Facility A Commitment Period.
The Borrower agrees to pay to the Administrative Agent, for the account of the Lenders in accordance with each Lender's Facility A Commitment Percentage, a fee (the "FACILITY A COMMITMENT FEE"), during the Facility A Commitment Period, at a rate per annum equal to the Commitment Fee Percentage on the average daily unused Aggregate Facility A Commitment.
Section 2.6 of the Original Agreement is hereby amended in part by adding a new sentence immediately following the first sentence thereof, to read as follows: Each partial prepayment of principal on the Facility A Loans made after the end of the Facility A Commitment Period shall be applied to the regular installments of principal due under the Facility A Notes in the inverse order of its maturity.