Definition of Term Facility


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, at any time, the 51/4 Year Term Facility, the 63/4 Year Term Facility, the New Term Facility, the Acquisition Term Facility or any Incremental Term Loan Tranche, and "Term Facilities" means any two or more of them, collectively.

Term Facility means the term credit facility being extended pursuant to this Agreement in the original principal amount equal to the Term Facility Commitment Amount.

Examples of Term Facility in a sentence

The Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Facility.
The Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentages of the Term Facility.
Aggregate Credit Exposures means, at any time, in respect of (a) the Term Facility, the aggregate amount of the Term Loans outstanding at such time and (b) in respect of the Revolving Credit Facility, the sum of (i) the unused portion of the Revolving Credit Facility at such time and (ii) the Total Revolving Credit Outstandings at such time.
Each Term Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Term Loans and, if so, whether by an amount equal to, greater than, or less than its ratable portion (based on such Term Lenders Applicable Percentage in respect of the Term Facility) of such requested increase.
Any Term Lender not responding within such time period shall be deemed to have declined to participate in such increase in the Term Facility.



More definitions of Term Facility

Term Facility means Facility A or Facility B.