Term Loan Facility definition

Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

Term Loan Facility means the term loan facility established pursuant to Article IV.

Term Loan Facility means the Term Loan facility established pursuant to Section 2.1.

Examples of Term Loan Facility in a sentence

• On and as of the Effective Date, all DIP Lenders with DIP Claims that roll into the New Exit Facility shall be deemed to be parties to, and bound by, the Exit Term Loan Facility Credit Agreement, without the need for execution thereof by any such DIP Lender.

• The ABL Facility contains a cross default provision with the Term Loan Facility.

• Amortization The Exit Term Loan Facility will amortize in equal quarterly installments in aggregate annual amounts equal to 1.00% per annum of the original principal amount of the Exit Facility, commencing with the fiscal immediately following the fiscal quarter in which the Closing Date occurs.

• Represents severance expenses and other costs permitted in the calculation of Adjusted EBITDA under the ABL Facility and the Term Loan Facility, including certain unusual, nonrecurring costs and credits due to COVID-19.

• The transaction costs for arrangement of the debt facilities amounted to $6.5 million.The Term Loan Facility has a final maturity date of 11 March 2025.

More Definitions of Term Loan Facility

Term Loan Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Loan Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Loan Lenders outstanding at such time.

Term Loan Facility means the term loan facilities contained in the Credit Agreement and any other facilities or financing arrangements that Refinances in whole or in part any such term loan facility.

Term Loan Facility means, at any time, the aggregate principal amount of the Term Loans of all Lenders outstanding at such time.

Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

Term Loan Facility means any of the Initial Term Loan Facility, any Incremental Term Loan Facility and any Extended Term Loan Facility.

Term Loan Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Borrower as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

Term Loan Facility means the facility described in Section 2.1 providing for a Term Loan to the Borrower by the Lenders in the original principal amount of $80,000,000.