Refinancing Term Facility definition
Examples of Refinancing Term Facility in a sentence
Each of the parties hereto hereby agrees that, upon the effectiveness of any Refinancing Term Facility, this Agreement shall be deemed amended and restated or amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Term Loan Agreement Refinancing Indebtedness incurred pursuant thereto.
The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Refinancing Term Facility.
Each Refinancing Term Borrowing shall consist of Refinancing Term Loans made simultaneously by the Refinancing Lenders in accordance with their respective Commitment Percentage of the applicable Refinancing Term Facility.
The Term Commitment of each Term Lender with respect to Incremental Term Loans, any Refinancing Term Facility or any Extended Term Loans shall be automatically and permanently reduced to $0 upon the funding of Term Loans to be made by it on the date set forth in the corresponding Incremental Amendment, Refinancing Amendment or Extension Amendment.
To the extent not previously paid, all term loans under such Refinancing Term Facility shall be due and payable on the applicable Maturity Date.