M&T Facility definition
Examples of M&T Facility in a sentence
Use the proceeds of the Term Loans for any purpose other than (a) on the Closing Date, to refinance the M&T Facility, and to pay transactional fees, costs, and expenses incurred in connection with this Agreement, the other Loan Documents, and the transactions contemplated hereby and thereby, and (b) thereafter, consistent with the terms and conditions hereof, to finance ongoing working capital, capital expenditure, and general corporate needs of Borrowers, and for its lawful and permitted purposes.
During the Term, without the prior written consent of Omthera, BioVectra and its Affiliates shall not develop, manufacture, or supply any other product (other than for Omthera, its Affiliates and licensees) using the 100 MT Facility; and shall not develop, market, sell or supply any person or entity (other than for Omthera, its Affiliates and licensees), or license or enable any others to do the same, with […***…].
Commercial supply will commence within thirty (30) days of submission of final process validation report in support of the 100 MT Facility (“Supply Term”).
The amount of such MT Facility Fee shall be payable quarterly in arrears on the last day of each March, June, September and December and on the MT Maturity Date for the calendar quarter, or portion thereof, then ended.
Upon the effective date of any such termination, the Borrower shall pay to the Administrative Agent for the respective accounts of the Banks the full amount of any MT Facility Fee then accrued.
The making of the Loan and the entering into this Agreement and the other Loan Documents by B▇▇▇▇▇▇▇ and Guarantor do not constitute a default or event of default under the M&T Facility or any of the M&T Credit Documents.
The Borrower will duly and punctually pay or -------- ------- cause to be paid the principal and interest on the Loans, all Reimbursement Obligations, the Letter of Credit Fees, the Utilization Fee, the ST Facility Fee and the MT Facility Fee, all in accordance with the terms of this Credit Agreement and the Notes.
All computations of interest on Eurodollar ------------ Loans, the ST Facility Fee, the MT Facility Fee, the Letter of Credit Fees and the Utilization Fee shall be based on a 360 day year and paid for the actual number of days elapsed.
The making of the First Amendment Advance and the entering into this Amendment and the other Loan Documents by Borrower and Guarantor do not constitute a default or event of default under the M&T Facility or any of the M&T Credit Documents.
All sums currently due and payable under the M&T Facility have been paid in full and no party to the M&T Facility and the M&T Credit Documents has commenced any action or given or received any notice for the purpose of exercising any remedies with respect to the M&T Facility and/or M&T Credit Documents.