Facility C definition
Examples of Facility C in a sentence
Each Borrower which has drawn a Facility C Loan shall repay that Loan on the last day of its Interest Period.
Any Loan made or to be made pursuant to an Incremental Term Facility Commitment shall (A) constitute a Loan made pursuant to this Agreement, (B) be deemed advanced under the Term Facility, (C) bear interest and be repaid in accordance with this Agreement applicable to advances made under the Term Facility, without preference or priority, (D) be secured by the Collateral on a pari passu basis, and (E) be subject to all other terms and provisions of this Agreement applicable to Loans and advances thereof.
A Lender shall not be responsible for the Facility C Commitment of any other Lender.
The Administrative Agent shall keep in its books, accounts for the Facility C Loan and other amounts payable by the US Borrower under this Agreement.
The Facility C Total Commitment and the Facility C Commitment of each Lender shall terminate on the Facility C Termination Date.