Examples of Rollover Term in a sentence
If the Rollover Term will expire before the Final Repayment Date, then not later than 90 days before the expiry of the Rollover Term, the Redraw Facility Provider will notify the Trustee as to whether it will or will not renew the Redraw Facility for 364 days (unless the Final Repayment Date falls before the end of those 364 days, in which case the renewal will apply up until the Final Repayment Date) commencing on the date the notice of renewal is given.
MECC assessed these requests, along with needs identified by core government departments, taking into consideration current supply availability.
Amounts paid or prepaid in respect of the Rollover Term Loans may not be reborrowed.
The Borrowers expressly consent to the foregoing arrangements and agree that any Lender holding a participation in a Rollover Term Loan or Revolving Credit Loan or Letter of Credit Disbursement so purchased may exercise any and all rights of banker's lien, setoff or counterclaim with respect to any and all moneys owing by the Borrowers to such Lender as fully as if such Lender had made a Loan directly to the Borrowers in the amount of such participation.
The Borrower shall repay to the Administrative Agent for the ratable account of the Term A-1 Lenders that are not Cashless Option Term A-1 Lenders, the aggregate principal amount of all Term A-1 Loans that are not Rollover Term A-1 Loans on the Amendment No. 4 Effective Date with the net proceeds of the Senior Unsecured Notes plus cash on hand.
On the Plan Effective Date, each Holder of an Allowed Rollover Term Loan Claim shall receive, in full and final satisfaction of such Claim, its pro rata share of the 3L Exit Facility Loans.
Class 3B is Impaired under the Plan; Holders of Allowed Rollover Term Loan Claims in Class 3B are entitled to vote to accept or reject the Plan.
Upon any such exchange or transfer, the Borrowers shall execute and deliver one or more new Rollover Term Notes, dated the date of and in the same aggregate principal amount as the original Rollover Term Note so exchanged or transferred, in substantially the form of Exhibit A-2 hereto.
All Rollover Term 44 Loans outstanding on the Effective Date shall continue to be evidenced by the Rollover Term Notes previously executed and delivered by the Borrowers under the Original Credit Agreement, unless and until the applicable Lender exchanges its Rollover Term Note for one or more new Rollover Term Notes or transfers its Rollover Term Note.
The provisions of this Indenture shall take effect upon the issuance of any Notes in exchange for Rollover Term Loans pursuant to Section 2.3 of the Senior Loan Agreement and shall have no effect until such issuance.