Permanent Financing Facility definition

Permanent Financing Facility means any Indebtedness facility or facilities, the proceeds of which are used for any purpose determined by the Responsible Officers in their reasonable business judgment and otherwise permitted hereunder, so long as after giving effect thereto (i) the final maturity date of such Indebtedness (including all options of the Borrowers to extend the maturity date included in the documentation evidencing same) shall be on or after the Maturity Date, and (ii) no scheduled principal amortization in excess of $200,000,000 in any Fiscal Year or $500,000,000 in the aggregate after the Effective Date is required until on or after the Maturity Date.
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Examples of Permanent Financing Facility in a sentence

  • The Obligations are deemed to be expressly designated and named as “Designated Senior Indebtedness,” “Senior Indebtedness” or similar terms for purposes of any present or future loan agreement, indenture, note issuance or purchase agreement or other document under which such a designation is applicable or available for senior Debt of the Borrower, including any such items that constitute part of the Permitted Permanent Financing Facility.

  • Upon (a) closing and funding of the Permitted Permanent Financing Facility, or (b) issuance by the Borrower of any additional shares of stock by the Borrower (other than shares issued to employees or to finance a Permitted Acquisition) or the closing and funding of Permitted Additional Debt by the Borrower, the Borrower shall pay the Term Loan in full.