Facility Interest means a legal, beneficial or economic interest acquired or to be acquired expressly and specifically in or in relation to the Facility, whether as initial lender or by way of assignment, transfer, novation, sub-participation (whether disclosed, undisclosed, risk or funded) or any other similar method.
Facility Interest means the Class A Facility Interest and the Class B Facility Interest, as applicable
Facility Interest means a legal, beneficial or economic interest acquired or to be acquired in or in relation to the Debt Financing, whether as initial lender or by way of assignment, transfer, novation, sub-participation (whether disclosed, undisclosed, risk or funded) or any other similar method, other than by way of credit protection or any other hedging arrangement conducted by an institution in connection with its overall portfolio hedging strategy; and
Examples of Facility Interest in a sentence
The determination of the Lending Facility Interest Rate by the Lender will be final and binding upon all parties absent manifest error.
If the date for any payment or prepayment under this Agreement is extended by operation of law or otherwise, interest with respect thereto will be payable at the Lending Facility Interest Rate during such extension period.
The Revolving Facility will accrue interest for each Interest Period until the Revolving Facility Balance has been paid in full at a rate per annum equal to the Revolving Facility Interest Rate for that Interest Period.
The determination of the Revolving Facility Interest Rate by the Lender, in the absence of manifest error, will be conclusive and binding on the Borrowers.
The Lender will calculate the Revolving Facility Interest Rate for each Payment Date and the related Interest Period and the Revolving Facility Interest Payment Amount.
More Definitions of Facility Interest
Facility Interest means, for any day, the sum of the products of (i) the Advances Outstanding on such day, multiplied by (ii) the Applicable Rate multiplied by (iii) 1/360.
Facility Interest means a legal, beneficial or economic interest acquired or to be acquired expressly and specifically in or in relation to the Term Facility, whether as initial Lender or by way of assignment, transfer, novation, sub-participation (whether disclosed, undisclosed, risk or funded) or any other similar method.
Facility Interest means a legal, beneficial or economic interest acquired or to be acquired expressly and specifically in or in relation to Facility B2 (during the Initial Syndication Period) or Facility B3 (during the Backstop Facility Syndication Period), whether as initial lender or by way of assignment, transfer, novation, sub-participation (whether disclosed, undisclosed, risk or funded) or any other similar method.
Facility Interest and “Facility Interests” each has the meaning ascribed to such term in the Note Purchase Agreement.
Facility Interest means interest payable by the Borrower at the relevant Facility Interest Rate pursuant to the relevant Loan Facility Agreement;
Facility Interest means a legal, beneficial or economic interest acquired or to be acquired expressly and specifically in or in relation to the Aleris Incremental Term Loan Commitments or the Aleris Incremental Term Loans, whether as initial Aleris Incremental Term Lender or by way of assignment, transfer, novation, sub-participation (whether disclosed, undisclosed, risk or funded) or any other similar method; “Front Running” means undertaking any of the following activities after the Amendment Effective Date and prior to the date that is six months after the Aleris Acquisition Closing Date unless the Incremental Mandated Lead Arrangers otherwise agree in writing, which is intended to or is reasonably likely to encourage any person to take a Facility Interest except as a Syndicated Lender pursuant to the syndication described in this Section 7, and pursuant to and in accordance with the Sell Down (as defined below) principles set forth in clauses (l), (m) and (n) below (the terms of such clauses, the “Principles”): (x) communication with any Person or the disclosure of any information to any Person in relation to a Facility Interest; (y) making a price (whether firm or indicative) with a view to buying or selling a Facility Interest; or (z) entering into (or agreeing to enter into) any agreement, option or other arrangement, whether legally binding or not, giving rise to the assumption of any risk or participation in any exposure in relation to a Facility Interest, excluding where any of the foregoing is: (i) made to or entered into with an Affiliate, (ii) an act of a Sell Down Commitment Party (or any of their respective Affiliates) who is operating as a Public Lender, unless such person is acting on the instructions of a Person who has received Confidential Information and is aware of the Aleris Incremental Term Loan Commitments or the Aleris Incremental Term Loans, (iii) any communication, discussion, arrangement of agreement made or entered into by a Sell Down Commitment Party (or any of their respective Affiliates) with an insurance or reinsurance company for the purpose of obtaining insurance in respect of an interest in the Aleris Incremental Term Loan Commitments or the Aleris Incremental Term Loans, (iv) made to or entered into with another Sell Down Commitment Party (or its Affiliate), in connection with the facilitation of either syndication or initial drawdown under the Amended Credit Agreement, or (v) made or entered into in accordance with Section 2.16(c) or S...