Term A-1 Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term A-1 Commitments at such time and (b) thereafter, the aggregate principal amount of the Term A-1 Loans of all Term A-1 Lenders outstanding at such time.
Examples of Term A-1 Facility in a sentence
Any Declined Proceeds of a mandatory prepayment of Term B Loans required to be made pursuant to Section 2.05(b) shall be (i) applied ratably to each of the Term A-1 Facility, the Term A-2 Facility and the Term A-23 Facility and to the principal repayment installments thereof on a pro-rata basis or (ii) to the extent there are no Term A-1 Loans, Term A-2 Loans or Term A-23 Loans outstanding at such time, retained by the US Borrower.
The Term A-1 Borrowing shall consist of Term A-1 Loans made simultaneously by the Term A-1 Lenders (i) made on the Closing Date shall consist of Term A-1 Loans made simultaneously by the Term A-1 Lenders in accordance with their respective Applicable Percentage of the Term A-1 Facility.
The commitment fee shall accrue at all times beginning on August 1, 2015, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after August 1, 2015 and on the last day of the Availability Period for the Term A-1 Facility.
Facility shall mean the respective facility and commitments utilized in making Loans and credit extensions hereunder, it being understood that, as of the Closing Date there are four Facilities (i.e., the Term A Facility, the Term A-1 Facility, the Term B Facility and the Revolving Facility) and thereafter, the term Facility may include any other Class of Commitments and the extensions of credit thereunder or, without duplication, Term Loans.
The Term A-1 Borrowing shall consist of Term A-1 Loans made simultaneously by the Term A-1 Lenders in accordance with their respective Applicable Percentage of the Term A-1 Facility.