Term Facility Agreement definition

Term Facility Agreement has the meaning ascribed thereto in the Arrangement Agreement;

Term Facility Agreement means the agreement formerly entitled the “Hotel Facility Agreement” between the Company, the Term Facility Agent and the Term Facility Lenders. as further amended, restated, supplemented and novated from time to time by, inter alia, the Term Facility Agreement Third Amendment Agreement.

Term Facility Agreement means the Term Loan and Guaranty Agreement dated as of November 8, 2017, among Holdings, Borrower, the Subsidiaries party thereto, as guarantors, the lenders party thereto, the Term Facility Administrative Agent and the joint lead arrangers and joint bookrunners party thereto, as such agreement may be amended, restated, amended and restated, supplemented, waived or otherwise modified from time to time or refunded, refinanced, restructured, replaced, renewed, repaid, increased or extended from time to time, in each case as and to the extent permitted by this Agreement and the Pari Passu Intercreditor Agreement.

Examples of Term Facility Agreement in a sentence

• The net proceeds from the Additional Class A Loans were used to repay £362,000,000 of outstanding debt under the Senior Term Facility Agreement.

• Even if the Exit ABL Facility Agreement and the Exit Term Facility Agreement are entered into, any inability of the Reorganized Debtors to remain in compliance with their covenants thereunder could restrict the ability of the Reorganized Debtors to fully access the maximum amount that may be borrowed thereunder.

• As a result of the transactions the Group raised funding in the amount of EUR100 million (USD107 million) with fifteen months maturity at an effective rate of 2.6% p.a.On 24 May 2017 the Group entered into a new syndicated Pre-Export Finance Term Facility Agreement (PXF) in the amount of USD1.7 billion, interest rate 3M LIBOR+3% per annum, maturity 5 years (repayment starting in 2 years).

• If TRG wished to pay dividends at a time where its Senior Secured Net Leverage Ratio was not in compliance with this level, TRG would be required to obtain the prior consent of the relevant lenders under the Forward Start Term Facility Agreement and the Forward Start Super Senior RCF Agreement.

• In addition, the terms of the Forward Start Term Facility Agreement and the Forward Start Super Senior RCF Agreement restrict the payment of dividends such that no dividends (other than de minimis management equity repurchases and management and employee advances) are permitted unless the Group’s Senior Secured Net Leverage Ratio is no greater than 2.75 times (on a pro forma basis).

More Definitions of Term Facility Agreement

Term Facility Agreement as defined in the Intercreditor Agreement.

Term Facility Agreement the collective reference to (a) the Existing Term Facility Agreement, (b) any Additional Term Facility Agreement and (c) any other credit agreement, loan agreement, note agreement, promissory note, indenture, or other agreement or instrument evidencing or governing the terms of any indebtedness or other financial accommodation that has been incurred to extend, replace, refinance or refund in whole or in part the indebtedness and other obligations outstanding under the Existing Term Facility Agreement, any Additional Term Facility Agreement or any other agreement or instrument referred to in this clause (c) unless such agreement or instrument expressly provides that it is not intended to be and is not a Term Facility Agreement hereunder (a “Replacement Term Facility Agreement”). Any reference to the Term Facility Agreement hereunder, except as otherwise provided herein, shall be deemed a reference to any Term Facility Agreement then existing.

Term Facility Agreement means the term facility agreement dated on or about the date of this Deed and made between, among others, (1) the Borrower, (2) the financial institutions listed in schedule 1 thereto and (3) Credit Suisse in its capacities as Arranger, Security Agent, Facility Agent and Hedge Provider;

Term Facility Agreement means the R300,000,000 term loan facility agreement, dated 29 September, 2011, between Absa Bank Limited (as lender) and the Company (as borrower).

Term Facility Agreement means each of the Term A Facility Agreement, the Term B Facility Agreement and the TLB (Tranche 2) Facility Agreement.

Term Facility Agreement means that certain Credit Agreement dated as of December 21, 2001 among the Borrower, the Guarantors, GECC, as Agent and the Lenders party thereto, a copy of which is attached hereto as Exhibit B, as amended or restated from time to time.

Term Facility Agreement means the term facility agreement, dated May 20, 2013 as amended and restated pursuant to an amendment and restatement agreement dated August 11, 2014, and as further amended and restated pursuant to an amendment and restatement agreement, dated May 15, 2015 by and between Parent, the Company, certain Subsidiaries of Parent and Bank of America Xxxxxxx Xxxxx International Limited, as agent, as further amended and/or amended and restated from time to time.