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.

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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

Any Lender wishing to make such an offer shall, by 11.00 a.m. on the second Business Day following such Solicitation Day, communicate to the Purchase Agent details of the amount of its participations in the Term Facility it is offering to sell and the price at which it is offering to sell such participations.
In any event by 5.00 p.m. on the fourth Business Day following such Solicitation Day, the Company shall notify the Agent of the amounts of the participations in the relevant Term Facility purchased through the relevant Solicitation Process, the identity of the Term Facility to which they relate and the average price paid for the purchase of participations in that Term Facility.
No Borrower may reborrow any part of a Term Facility which is prepaid.
Any Lender wishing to sell pursuant to an Open Order will, by 11.00 a.m. on any Business Day following the date on which the Open Order is placed but no earlier than the first Business Day, and no later than the fifth Business Day, following the date on which the Open Order is placed, communicate to the Purchase Agent details of the amount of its participations in the Term Facility it is offering to sell.
Such waived amounts shall be applied in prepayment of outstandings due to other Lenders under the relevant Term Facility, on a pro rata basis taking into account their Commitments at the date of the relevant prepayment and with the exclusion of any liability on the Agent and, if declined by those Lenders, shall be retained by the Group, in which case they will be retained by the Group for any use not expressly prohibited under this Agreement.

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 principal amount of the Term Loans of all Term Lenders of the applicable Class outstanding at such time.

Term Facility means, at any time, the aggregate amount of the Term Lenders’ Term Commitments 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”.