Examples of Term Loan A Obligations in a sentence
In the event that any of the Covenant Parties receives any surplus assets of any Plan, Borrower immediately shall prepay the Obligations and the Obligors immediately shall prepay the Term Loan A Obligations in an amount equal to such returned surplus assets net of related transaction costs (including income, excise, or other taxes) and the amount paid shall be applied in accordance with SECTION 2.2(F)(IV)(A).
Unless a Default or Event of Default exists all amounts required to be paid pursuant to this Section 2.05(b) shall, subject to the terms of the Intercreditor Agreement, be applied first to the installments of principal due under the Term A Loan ratably, to be applied to future installment payments in inverse order until all Term Loan A Obligations are paid in full and then to repay outstanding principal due under the Term B Loan ratably until paid in full.
On the date of termination of this Agreement, all Obligations and Term Loan A Obligations immediately shall become due and payable without notice or demand.
All amounts outstanding under the Term Loans A shall constitute Term Loan A Obligations.
The undertaking in this section shall survive the payment of all Obligations and Term Loan A Obligations hereunder and the resignation or replacement of Agent.
Subject to SECTION 2.4(B), the secured claims of the Lender Group secured by the Collateral shall be of equal priority, and ratable according to the respective Obligations and Term Loan A Obligations due each member of the Lender Group.
The appointment of Agent as the Covenant Parties' attorney, and each and every one of Agent's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations and Term Loan A Obligations have been fully and finally repaid and performed and the Lender Group's obligations to extend credit hereunder are terminated.
No consent to assignment by the Lenders shall release any Obligor its Obligations or Term Loan A Obligations.
This provision shall survive the termination of this Agreement and the repayment of the other Obligations and the Term Loan A Obligations.
On the first day of each month during the term of this Agreement, and thereafter so long as any Obligations or Term Loan A Obligations are outstanding, a servicing fee in an amount equal to $5,000 per month.