Initial Term A Facility definition
Examples of Initial Term A Facility in a sentence
All outstanding Initial Term A Loan Commitments shall (x) be reduced immediately and without further action upon each Borrowing of Initial Term A Loans on a dollar-for-dollar basis by the amount of such Borrowing and (y) automatically terminate at the earlier of 11:59 p.m. (New York City time) on the Initial Term A Facility Outside Date and the consummation of the Spinoff on the Spinoff Date, whether or not the full amount of available Initial Term A Loan Commitments have been funded.
The Company shall have paid to the Administrative Agent, for the account of each Lender that delivers a signature page to this Amendment, an amendment fee in an amount equal to 0.05% of the aggregate amount of such Lender’s commitments under the Initial Term A Facility and Revolving Facility as of the Amendment No. 1 Effective Date.