Examples of Term Loan A-3 in a sentence
Each such Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Term Loans or Term Loan A-3 comprising each Borrowing, and, if applicable, the Interest Period, which amounts shall be in (x) integral multiples of $5,000,000 and not less than $20,000,000 for each Borrowing under the Term SOFR Rate Option, and (y) integral multiples of $5,000,000 and not less than $20,000,000 for each Borrowing under the Base Rate Option.
Subject to the terms and conditions hereof, and relying upon the representations and warranties of the Loan Parties set forth herein and in the other Loan Documents, each Term Loan A-3 Lender severally agrees to make one or more term loans (each, a “Term Loan A-3”) to the Borrower from time to time during the Term Loan A-3 Availability Period in such principal amounts as the Borrower shall request.
ACB, as Administrative Agent, Joint Lead Arranger, Joint Bookrunner, an Issuing Lender, Swing Line Lender, an Existing Lender, a Revolving Lender, a Revolving Increase Lender and a Term Loan A-3 Lender By: /s/ Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx Managing Director EXISTING BORROWER: SHENANDOAH TELECOMMUNICATIONS COMPANY By: /s/ Xxxxxxxxxxx X.
Each Term Loan A-3 Lender hereby agrees to, severally and not jointly, provide to the Successor Borrower its Term Loan A-3 Commitment set forth on Schedule 1 attached hereto opposite the name of such Term Loan A-3 Lender under the heading “Term Loan A-3” (the “Term Loan A-3 Commitment”), subject to the terms and conditions of this Amendment and the Amended Credit Agreement (the “Term Loan A-3 Facility”).
The Borrower shall request the Term Lenders or Term Loan A-3 Lenders to make the Term Loans or the Term Loan A-3s, as the case may be, by delivering to the Administrative Agent, not later than 11:00 a.m., (i) three (3) U.S. Government Securities Business Days prior to the proposed Borrowing Date with respect to Term SOFR Rate Loans and (ii) one (1) Business Day prior to the proposed Borrowing Date with respect to Base Rate Loans, a duly completed Loan Request.
Each Borrowing of Term Loan A-3s shall be drawn solely under the Term Loan A-3 Facility, and shall not be shared between any Term Loan Facility or other Incremental Term Loan Facility.
Each Term Loan A-3 of a Term Loan A-3 Lender shall be in an amount equal to such Term Loan A-3 Lender’s Pro Rata Share of the principal amount of such Term Loan A-3 requested by the Borrower; provided, that the aggregate amount of all Term Loan A-3s made by the Term Loan A-3 Lenders hereunder shall not exceed the Term Loan A-3 Commitments.