First Term Loan Facility definition

First Term Loan Facility means the facility under which Borrower may request Bank to issue cash advances, as specified in Section 2.1(a) hereof.
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First Term Loan Facility means the facility under which Borrower may request cash advances as specified in Section 2.1 (a).
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First Term Loan Facility means the term loan facility provided by Lender to Borrower under Section 3.1 hereof.
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Examples of First Term Loan Facility in a sentence

  • The Lender's obligations hereunder to make any further advances under the Revolving Credit Facility, the First Term Loan Facility and the Second Term Loan Facility shall expire on the Revolving Credit Facility Expiration Date, the First Term Loan Facility Expiration Date, and the Second Term Loan Facility Expiration Date, respectively.

  • The First Term Loan Facility may not be repaid and then re-borrowed thereunder.

  • From and after October 30, 1998 through the Maturity Date, the Advance under the First Term Loan Facility shall bear interest, on the average daily balance thereof, at a rate equal to, at Borrower's election, either (i) one-half of one (1) percentage point above the Prime Rate; or (ii) three and one-half (3.5) percentage points above the yield of the 42 month Treasury Note as reported in the Western edition of THE WALL STREET JOURNAL, which rate shall be fixed at the time of Borrower's election.

  • Subject to and upon the terms and conditions of this Agreement, Bank agrees, at any time from the date of this Agreement through April 29, 1999, to make Advances to Borrower in an aggregate principal amount not to exceed the Committed Loan Amount LESS the outstanding Obligations under the First Term Loan Facility as determined on the Closing Date.

  • From and after the Closing Date through October 29, 1998, the Advance under the First Term Loan Facility shall bear interest, on the average daily balance thereof, at a rate equal to one-half of one (1) percentage point above the Prime Rate.