Facility C Loan definition

Facility C Loan means a loan made or to be made under Facility C or the principal amount outstanding for the time being of that loan.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Facility C Loan means the aggregate amount of all Facility C Advances outstanding at such time in USDollars by way of US Prime Rate Loan and SOFR Loan under Facility C Credit.

Facility C Loan means the aggregate amount of all Facility C Advances outstanding at such time in USDollars by way of US Prime Rate Loan and LIBO Rate Loan under Facility C Credit.

Examples of Facility C Loan in a sentence

• Each Borrower which has drawn a Facility C Loan shall repay that Loan on the last day of its Interest Period.

• 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.

• Any partial voluntary prepayment of a Facility C Loan will be applied against the remaining Facility C Repayment Instalments pro rata.

• The amount of a Facility B Loan, Facility C Loan or Revolving Facility Loan requested in an Optional Currency must be a minimum amount of the equivalent of US$10,000,000 and an integral multiple of 1,000,000 units of that currency.

• If the Borrower fails to issue a Selection Notice in relation to a Facility B Loan or Facility C Loan, it shall be deemed to have requested that the Loan will remain denominated for its next Term in the same currency in which it is then outstanding.

More Definitions of Facility C Loan

Facility C Loan has the meaning assigned to such term in Section 2.02(d) hereof.

Facility C Loan means a loan made by the Banks under Facility C or the principal amount outstanding of that loan. "Facility Office" means the office notified by a Bank to the Agent:-

Facility C Loan means a Facility C1 Loan and/or a Facility C2 Loan and/or a Facility C2 Swiss Loan, in each case as the context requires.

Facility C Loan means any Loan made under the Facility C Commitments pursuant to subsection 2.1; collectively, the “Facility C Loans”.

Facility C Loan means, with respect to a Facility C Lender, a loan made by such Facility C Lender (or its predecessor in interest) with respect to “Facility C” pursuant to the Original Credit Agreement (to the extent outstanding on the Closing Date) or by a New Facility C Lender pursuant to Section 2.18 and any conversion or continuation of any such Loan.

Facility C Loan is defined in Section 2.1.3, and shall include, --------------- ------------- without limitation, Facility C Working Capital Loans.

Facility C Loan and "Facility C Loans" shall mean, respectively, ------------------ ------------------ each Facility C-1 Loan or Facility C-2 Loan or Facility C-3 Loan and the aggregate of all such Facility C-1 Loans, Facility C-2 Loans and Facility C-3 Loans.