Examples of Interim Term Loans in a sentence
For the avoidance of doubt, the consent granted pursuant to the immediately preceding sentence is limited to the Initial Interim Term Loans and the Delayed Draw Interim Term Loans described in the Credit Agreement (as described in the form of Credit Agreement attached hereto).
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 the foregoing, neither the Foreign Borrower nor any direct or indirect parent company of the Foreign Borrower may be designated as an Unrestricted Subsidiary prior to the repayment in full of all Interim Term Loans outstanding hereunder or under the Interim Term Loan Assumption Agreement.
On and after October 2, 2008, the lenders have the option to convert Interim Term Loans into exchange notes.
Notwithstanding anything to the contrary, unless the Administrative Agent and the Borrower shall otherwise agree, the initial Interest Period of any Full Availability Term Loans that are Eurodollar Loans shall commence on the date of funding and shall end on the last day of the then-current Interest Period for all Eurodollar Interim Term Loans then outstanding.
The proceeds of the Interim Term Loans shall be used to pay a portion of the consideration for the UT Automotive Acquisition.
Neither Bidco nor Target may deliver a Utilisation Request if as a result of the proposed Interim Utilisation more than 10 Interim Term Loans would be outstanding.
The agreements in this subsection shall survive the payment of the Interim Term Loans and all other amounts payable hereunder.
The Parent will not permit as of the last day of any Rolling Period, the Total Leverage Ratio to be greater than (a) as of the last day of the Rolling Period(s) ending on or before the earlier of (i) the date on which the Interim Term Loans have been repaid in full and (ii) the Interim Term Termination Date, 3.75:1.0 and (b) as of the last day of each Rolling Period ending thereafter, 3.50:1.0.
The proceeds of the Revolving Loans and Swingline Loans made after the Effective Date will be used only for general corporate purposes, provided that such proceeds may not be used to repay or prepay Interim Term Loans.