Examples of Interim Term Facility in a sentence
Subject to the terms of this Agreement the Interim Term Lenders make available to Bidco an interim term loan facility in an aggregate amount equal to the Total Interim Term Commitments (the Interim Term Facility).
Interim Term Loan means the principal amount of a borrowing under the Interim Term Facility or the principal amount outstanding of that borrowing at any time.
If we were forced to use Doxy.me or zoom as a backup, recordings would be stored on password protected local computers, and the files would then be encrypted and moved to a HIPAA compatible network storage.
Interim Term Facility means the term credit facility made available under this Agreement as described in paragraph (a) of Clause 2 (The Interim Facilities).
The Borrower shall use commercially reasonable efforts to (or, following the consummation of an Interim Term Loan Assumption, shall use commercially reasonable efforts to cause the Foreign Borrower to) prepay the Interim Term Loans as soon as practicable on or after January 1, 2017, and prior to the Interim Term Facility Maturity Date.
Notwithstanding anything herein to the contrary, the parties hereto hereby agree that, on or about December 30, 2016, the Borrower may transfer all of its rights and Obligations under the Loan Documents relating to the Interim Term Facility (such Obligations relating to the Interim Term Facility, the “Interim Facility Obligations”) to the Foreign Borrower; provided that no Default or Event of Default has occurred or is occurring on such date.
The margin on the Interim Facilities are as follows: (a) in relation to Interim Term Facility B (EUR), the aggregate of 3.75 per cent.
Foreign Subsidiaries of the Borrower have deposited earnings in an amount sufficient to repay the Interim Term Facility in full into a deposit account or other accounts permitted pursuant to the Loan Documents (or shall have otherwise been invested in Cash Equivalents or other similar instruments reasonably acceptable to the Administrative Agent) pending the repatriation of such earnings to the Borrower.
For the avoidance of doubt, this Section 9.20 applies to the Interim Term Facility only and does not apply to the Initial Term B Facility or any other Facilities under this Agreement.
The rate of interest payable on each loan drawn under the Interim Term Facility is the aggregate of the applicable margin plus the Compounded Reference Rate applicable to pounds Sterling loans (as defined below).