Second Term Loan Facility definition
Examples of Second Term Loan Facility in a sentence
The Borrowers shall pay the Second Term Loan Facility Fee to the Agent for the benefit of those Banks making a portion of the Second Term Loan, on the First Amendment Closing Date.
From and after the Closing Date through April 29, 1999, the Advances under the Second Term Loan Facility shall bear interest, on the average daily balance thereof, at a rate equal to one-half of one (1) percentage point above the Prime Rate.
The Lender's obligations hereunder to make any further advances under the Revolving Credit Facility, the First Term Loan Facility and the Second Term Loan Facility shall expire on the Revolving Credit Facility Expiration Date, the First Term Loan Facility Expiration Date, and the Second Term Loan Facility Expiration Date, respectively.
The Second Term Loan Facility may be disbursed in one or more advances but the Lender's commitment under the Second Term Loan Facility shall be reduced by each advance thereunder and any sums advanced under the Second Term Loan Facility may not be repaid and then re-borrowed thereunder.
From and after April 30, 1999 through the Maturity Date, the Advances under the Second Term Loan Facility shall bear interest, on the average daily balance thereof, at a rate equal to, at Borrower's election, either (i) one-half of one (1) percentage point above the Prime Rate; or (ii) three and one-half (3.5) percentage points above the yield of the 42 month Treasury Note as reported in the Western edition of THE WALL STREET JOURNAL, which rate shall be fixed at the time of Borrower's election.