Definition of Term C Facility


Term C Facility means, at any time, the aggregate amount of the Term C Commitments at such time.

Examples of Term C Facility in a sentence

Unless due and payable sooner pursuant to this Agreement, all principal, interest and other sums due under the Loan Documents, and all other Obligations, shall be due and payable in full (i) with respect to the Term A Facility, on the Maturity Date (Original), (ii) with respect to the Term B Facility, on the Maturity Date (Term B), and (iii) with respect to the Revolving Facility and the Term C Facility, on the Maturity Date (Term C).
In no event shall the aggregate amount of advances made (i) under the Term A Facility exceed the Maximum Term A Facility Amount, (ii) under the Term B Facility exceed the Maximum Term B Facility Amount, (iii) under the Term C Facility exceed the Maximum Term C Facility Amount and (iii) under the Revolving Facility, the Term A Facility, Term B Facility and the Term C Facility, exceed the Maximum Facility Amount.
As an inducement to Lender to make the Term B Loan and the Term C Loan, Borrower has paid to Lender a Commitment Fee equal to one percent (1.0%) of the sum of the Maximum Term B Facility Amount and the Maximum Term C Facility Amount (the Term B/C Facility Commitment Fee).
Subject to the terms and conditions of this Agreement, Lender hereby agrees to make a term loan (the Term C Facility) to Borrower in the aggregate principal amount of the Maximum Term C Facility Amount.
A certificate of a duly authorised officer of the Parent confirming that the Acquisition pursuant to the Acquisition Documents will be completed immediately following the concurrent making of the first advances under the Term A1 Facility, the Term B Facility and the Term C Facility.