Term Facility definition

Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.
Term Facility means the Term Loans provided to or for the benefit of the Borrower pursuant to the terms of this Agreement.
Term Facility means the Term B Facility and/or any or all of the Incremental Term Facilities.

Examples of Term Facility in a sentence

  • Use commercially reasonable efforts to maintain (1) (a) a public corporate credit rating (but not any specific rating) from S&P or Fitch and (b) a public corporate family rating (but not any specific rating) from ▇▇▇▇▇’▇, in each case in respect of the Borrowers, and (2) a public rating (but not any specific rating) in respect of each Term Facility as of the Closing Date from each of (a) S&P or Fitch and (b) ▇▇▇▇▇’▇.


More Definitions of Term Facility

Term Facility means any Facility consisting of Term Loans and/or Term Commitments.
Term Facility the Term Commitments and the Term Loans made thereunder.
Term Facility means, at any time, the aggregate amount of the Term LendersTerm Commitments at such time.
Term Facility means, at any time, the aggregate principal amount of the Term Loans of all Term Lenders of the applicable Class outstanding at such time.
Term Facility means the Term Loans and any Incremental Term Loans or any refinancing thereof.
Term Facility means a facility in respect of any Term Loan Tranche (including any Term Commitment Increase with respect to any Term Loan Tranche), as the context may require.
Term Facility as defined in the definition of “Facility”.