Examples of Term C Facility in a sentence
Budget: PROTECTIONOperating costs $185,000Programme support costs (11%) $20,350TOTAL $205,350 .
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”).
Each such prepayment shall be applied (x) with respect to any such prepayment on or prior to June 30, 2021, ratably to the Term A Facility, the Term B-1 Facility, the Term B-2 Facility, the Term B-3 Facility and the Term C Facility and (y) with respect to any such prepayment after June 30, 2021, ratably to the Term A Facility, the Term B-1 Facility, the Term B-2 Facility, the Term B-3 Facility and the Term C Facility and to the principal repayment installments thereof on a pro rata basis.
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 soon as available and in any event no later than 15 days before the end of each Fiscal Year, forecasts prepared by management of BRW in form satisfactory to the Agents, of balance sheets, income statements and cash flow statements on a quarterly basis for the Fiscal Year following such Fiscal Year and on an annual basis for each Fiscal Year thereafter until the Final Maturity Date of the Term C Facility.