Term Loan Facilities means the existing senior secured term loan B facilities under which Ardagh Holdings USA and Ardagh Packaging Finance S.A. drew on December 17, 2013 (a) dollar term loans in an initial aggregate principal amount of $500,000,000 and (b) euro term loans in an initial aggregate amount of EU130,000,000.
Each optional prepayment in respect of the Term Loans shall be allocated among the Term Loan Facilities in accordance with the Borrowers instructions.
On the Initial Borrowing Date, the Facility Agent shall have received evidence, in form and substance reasonably satisfactory to the Facility Agent, that the Borrower shall have funded from cash on hand an amount equal to 1% of the Initial Construction Price for the Vessel (other than from the proceeds of Loans and loans under the Term Loan Facilities).
Aggregate Commitments means, as at any date of determination thereof, the sum of (a) the Aggregate Revolving Credit Commitments at such date, plus (b) the Outstanding Amount with respect to the Term Loan Facilities at such date.
Section 2(c) of the Agreement is hereby amended in its entirety to read as follows: (c) Term Loan Facilities.
Additional Term Loan Bank means any Eligible Assignee who agrees, in accordance with the provisions of Section 2.17, to commit to one of the Term Loan Facilities existing at the time of the request for a Commitment Increase.