Term-out Facility definition
Term-out Facility has the meaning given to that term in Section 2.1(a)(i).
Term-out Facility means, at any time, (a) on or prior to the First Amendment Closing Date, the aggregate amount of the Term Out Commitments at such time, and (b) thereafter, the aggregate principal amount of the Term Out Loans of all Term Out Lenders outstanding at such time.
Term-out Facility means the Option A Term-out Facility.
Examples of Term-out Facility in a sentence
Each Borrower which has a Term Out Advance outstanding after the Term Out Date shall repay that Advance to the Agent on the Final Maturity Date for the Term Out Facility.
More Definitions of Term-out Facility
Term-out Facility means the term facility described in Clause 2.5 (Term Out Option – Revolving Facility A). "Term Out Advance" means any Revolving Facility Advance converted to a term loan pursuant to the Term Out Option or the principal amount outstanding for the time being of that loan. "Term Out Date" means the date which, but for the exercise of the Term Out Option, would be the applicable Final Maturity Date. "Term Out Notice" means a notice substantially in the form set out in Part A of Schedule 8 (Term Out – Revolving Facility A). "Term Out Option" means the term out option described in Clause 2.5 (Term Out Option – Revolving Facility A). "Term Rate Advance" means any Advance (other than a Swingline Advance) or, if applicable, Unpaid Sum relating to the relevant Advance, which is in a Term Rate Currency. "Term Rate Currency' means euro. "Term Reference Rate" means in relation to a Term Rate Advance: (a) the applicable Primary Term Rate as of the Quotation Time for a period equal in length to the Term of that Advance; or (b) as otherwise determined pursuant to Clause 11.1 (Interest calculation if no Primary Term Rate), and if, in either case, that rate is less than zero, the Term Reference Rate shall be deemed to be zero. "Total Commitments" means the aggregate of the Total Revolving Facility A Commitments and the Total Revolving Facility B Commitments from time to time, being £5,000,000,000 as at the Signing Date. "Total Revolving Facility A Commitments" means the aggregate of the Revolving Facility A Commitments from time to time, being £2,500,000,000 as at the Signing Date (of which, subject to Clause 2.2 (Overall facility limit), up to US$2,500,000,000 is available under Swingline Facility A). "Total Revolving Facility B Commitments" means the aggregate of the Revolving Facility B Commitments from time to time, being £2,500,000,000 as at the Signing Date (of which, subject to Clause 2.2 (Overall facility limit), up to €1,000,000,000 is available under Swingline Facility B). "UK" or "United Kingdom" means the United Kingdom of Great Britain and Northern Ireland. "UK Bail-In Legislation" means Part I of the United Kingdom Banking Act 2009 and any other law or regulation applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (otherwise than through liquidation, administration or other insolvency proceedings). "UK Resident Borrower" means a Borrower resident in the U...
Term-out Facility means the Revolving Facility as converted into a Swiss Franc term loan facility in accordance with Clause 11 (Repayment of the Revolving Facility and Term-Out Option).