Term Facility Amount definition

Term Facility Amount means, from time to time, the aggregate amounts outstanding under the Term Facility.
Term Facility Amount means, at all times on and prior to October 30, 2020, $400,000,000, and, at all times after October 30, 2020, $240,000,000.
Term Facility Amount means Kenya Shillings Thirty Five Million (K.Shs.35,000,000.00)

Examples of Term Facility Amount in a sentence

  • Subject to the terms and conditions of this Agreement the Bank agrees to make available to the Borrower a medium term loan facility in the maximum aggregate principal amount equal to the Term Facility Amount.

  • Each Lender agrees severally, but not jointly, to make a single advance to the Borrower (each a "Term Advance"), on the Funding Date, on the terms and subject to the conditions herein set forth, in an amount equal to its Term Facility Amount.

  • To the extent that the Term Facility Amount is increased pursuant to Section 2.15, no later than 1:00 p.m. on the date specified in the Notice of Borrowing, each Term Lender will make available for the account of its applicable Lending Office to the Agent at the Principal Office, in immediately available funds, the proceeds of the Term Facility Loan (if any) to be made by such Term Lender.

  • No proceeds from a Specified Borrower's Accounts shall be deposited into the Facility Deposit Accounts, the HHLP Concentration Account or the Intermediate Concentration Account, and no assets of a Specified Borrower may be used in calculating availability under the Borrowing Base or the Maximum Term Facility Amount.

  • The Term Facility Loans shall be funded, subject to satisfaction of all terms and conditions contained herein in an initial single funding on the Effective Date in an amount not to exceed $165,000,000.00; provided, however, that Term Facility Loans that may be available for funding as a result of an increase to the Term Facility Amount pursuant to Section 2.15 hereof may be funded within ninety (90) days of the Increase Effective Date for such increase.


More Definitions of Term Facility Amount

Term Facility Amount means one hundred sixty five million dollars ($165,000,000.00), subject to increase pursuant to Section 2.15 hereof or decrease pursuant to Section 2.11 hereof.
Term Facility Amount means, at all times prior to the Business Day preceding the Swingline Maturity Date, $350,000,000 and at all times thereafter, $250,000,000. (c) The following is hereby added as a new Section 3(t) to the Repurchase Agreement: (t) If, at any time the aggregate outstanding Purchase Prices for all existing Term Transactions exceeds the Term Facility Amount, then Sellers shall promptly (and in any event not later than the immediately following Business Day) pay to Buyer an amount so that the aggregate outstanding Purchase Prices for all existing Term Transactions no longer exceeds the Term Facility Amount. Buyer shall apply such payment to the Purchased Loans that constitute Term Transactions as Buyer may determine in its sole discretion. (d) The following is hereby added as a new Section 3(u) to the Repurchase Agreement: (u) If, at any time the aggregate outstanding Purchase Prices for all existing Swingline Transactions exceeds the Swingline Facility Amount, then Seller shall promptly (and in any event not later than the immediately following Business Day) pay to Buyer an amount so that the aggregate outstanding Purchase Prices for all existing Swingline Transactions no longer exceeds the Swingline Facility Amount. Buyer shall apply such payment to the Purchased Loans that constitute Swingline Transactions as Buyer may determine in its sole discretion. (e) Section 14(iii) of the Repurchase Agreement is hereby deleted in its entirety and replaced with the following:: (iii) Sellers fail to pay any Concentration Limit Amount in accordance with Section 3(o) or any amounts payable in accordance with Sections 3(t) or 3(u).” 2.
Term Facility Amount means, with respect to each Bank, the amount designated as such opposite that Bank's name on the signature page hereof.
Term Facility Amount means, at any time, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time (or, prior to the making available of the Term Borrowing, the aggregate principal amount of the Term Commitments of all Term Lenders, being equal to $120,000,000 on the Signing Date).
Term Facility Amount means, at any time from and after the Exit Facility Conversion Date, an amount equal to the aggregate outstanding principal of all Term Loans at such time. Without limiting the payment priority set forth in the mandatory and voluntary prepayment provisions below, all proceeds of Collateral (as defined below) after the occurrence and during the continuance of an event of default shall be allocated, first, to pay all amounts outstanding under the Exit Revolving Facility (including, without limitation, interest, principal, fees, unreimbursed amounts drawn under Letters of Credit (as defined below) and cash-collateralization of undrawn Letters of Credit) and, second, to pay amounts outstanding under the Exit Term Facility. Swingline Facility: In connection with the Exit Revolving Facility, JPMCB (in such capacity, the “Swingline Lender”) will make available to the Borrower a swingline facility (the “Swingline Facility”) in U.S. dollars under which the Borrower may make short-term borrowings upon same-day notice ((so long as notice delivered by 3:00 pm New York City time) in a maximum amount at any time outstanding not to exceed $25,000,000 and in a minimum amount of $100,000 and integral increments of $10,000 in excess thereof, subject to customary notice requirements provided that no swingline loans shall be made if such swingline loan would cause the Total Revolving Outstandings to exceed the Revolving Loan Limit (as defined below). Except for purposes of calculating the commitment fee described below, any such swingline borrowings will reduce Availability (as defined below) under the Exit Revolving Facility on a dollar-for-dollar basis. Repayment of swingline loans must occur on or prior to the earlier of 15 business day after the making of such loan or the swingline maturity date. Upon notice from the Swingline Lender, the Revolving Lenders will be unconditionally obligated to purchase participations in any swingline loan, on a pro rata basis, based upon their commitments under the Exit Revolving Facility. If any Revolving Lender becomes a Defaulting Lender (as defined below), then the swingline exposure of such Defaulting Lender will automatically be reallocated among Revolving Lenders that are not Defaulting Lenders, on a pro rata basis in accordance with their Commitments under the Exit Revolving Facility, up to an amount such that the revolving credit exposure of each Revolving Lender that is not a Defaulting Lender does not exceed its respective Commi...
Term Facility Amount means, at any time from and after the Exit Facility Conversion Date, an amount equal to the aggregate outstanding principal of all Term Loans at such time. Without limiting the payment priority set forth in the mandatory and voluntary prepayment provisions below, all proceeds of Collateral (as 131
Term Facility Amount means, at all times prior to the Business Day preceding the Swingline Maturity Date, $350,000,000 and at all times thereafter, $250,000,000.