Facility D Loans definition
Examples of Facility D Loans in a sentence
All amounts recorded shall be, absent manifest error, conclusive and binding evidence of (i) the principal amount of the Facility D Loans advanced hereunder, (ii) any accrued and unpaid interest owing on the Facility D Loans, and (iii) all amounts repaid on the Facility D Loans.
In the event that such Net Available Proceeds exceed the outstanding amount of the Facility C Loans or Facility D Loans, such excess shall be applied to the prepayment of the Facility B Loans in accordance with the terms of the Existing Credit Agreement.
The Company will use the proceeds of all Facility C Loans and Facility D Loans hereunder in compliance with all applicable legal and regulatory requirements.
In the event that such Net Available Proceeds exceed the outstanding amount of the Facility C Loans and Facility D Loans, such excess shall be applied to the prepayment of the Facility B Loans in accordance with the terms of the Existing Credit Agreement.
In the event of a Casualty Event involving Property of a Supplemental Guarantor or acquired with the proceeds of Facility C Loans or Facility D Loans under the Second Restated Supplemental Credit Agreement, the Net Available Proceeds of such Casualty Event shall be applied in accordance with the terms of the Second Restated Supplemental Credit Agreement.
The Borrowers may from time to time on at least five Business Days' prior written notice received by the Lender permanently reduce the Facility D Loan Commitment to an amount not less than the amounts then outstanding under all Facility D Loans.
Concurrently with any reduction of the Facility D Loan Commitment to zero, the Borrowers shall pay all interest on the Facility D Loans and Non-Utilization Fees.
EDC YG shall repay the Facility D Loans in accordance with the repayment schedule otherwise agreed between EDC YG and the Lenders.
On the Effective Date, after giving effect to the conversions provided for under the preceding sentence, remaining outstanding Facility A Loans shall be deemed converted to Facility D Loans under the Second Restated Supplemental Credit Agreement in an amount which, together with the amount borrowed under Section 2.01(b) of the Second Restated Supplemental Credit Agreement on the Effective Date, does not exceed the Facility D Commitments.
Subject to the terms and conditions of this Agreement, the Company may borrow the amount of the Facility D Commitments by means of Base Rate Loans and/or Eurodollar Loans and thereafter may Convert Facility D Loans of one Type into Facility D Loans of another Type (as provided in Section 2.08 hereof) or Continue Facility D Loans of one Type as Facility D Loans of the same Type (as provided in Section 2.08 hereof).