Ten-Year Term Loan Facility means (a) prior to the Closing Date, the Ten-Year Term Loan Commitments and (b) on and after the Closing Date, the ten-year term loan facility provided in this Agreement in the aggregate principal amount of the Ten-Year Term Loans of all Lenders outstanding at such time. The aggregate principal amount of the Ten-Year Term Loan Facility as of the Closing Date is $150,000,000.
Examples of Ten-Year Term Loan Facility in a sentence
Borrower agrees to pay to the Administrative Agent, for the period from the Signing Date and continuing until the earlier of (x) the Closing Date and (y) the date of the termination of the Ten-Year Term Loan Commitments, for the account of each Ten-Year Term Loan Lender, a ticking fee ("Ten-Year Term Loan Facility Ticking Fee") equal to 0.20% per annum of the aggregate amount of the Ten-Year Term Loan Lenders' Ten-Year Term Loan Commitments as of the Signing Date.
Anything herein to the contrary notwithstanding, none of the Lead Arrangers, the Co-Syndication Agents for the Five-Year Term Loan Facility, the Syndication Agent for the Ten-Year Term Loan Facility or the Co-Documentation Agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as a Lender hereunder.
Such Ten-Year Term Loan Facility Ticking Fee shall be due and payable on the earlier of the Closing Date and the date of the termination of the Ten-Year Term Loan Commitments.