Definition of Tranche A-2 Term Loan Facility


Tranche A-2 Term Loan Facility means the Tranche A-2 Term Loan Commitments and the provisions herein related to the Tranche A-2 Term Loans.
Sample 1

Examples of Tranche A-2 Term Loan Facility in a sentence

On January 29, 2016, we entered into a Third Amendment to Credit Agreement (the "Third Amendment to Omega Credit Agreement"), which further amended the First Amendment to Omega Credit Agreement to provide, among other things, for a $350 million senior unsecured incremental term loan facility (the "Tranche A-3 Term Loan Facility," and together with the Tranche A-1 Term Loan Facility and the Tranche A-2 Term Loan Facility, the "Term Loan Facilities"), which was borrowed in full at closing.
The Tranche A-2 Term Loan Facility matures on June 27, 2017, subject to Omega's option to extend the maturity date of the Tranche A-2 Term Loan Facility twice, the first extension until June 27, 2018 and the second extension until June 27, 2019.
Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders under the Revolving Facility, Tranche A-1 Term Loan Facility or Tranche A-2 Term Loan Facility, as the case may be, of the contents thereof.
The Tranche A-2 Term Loan Facility bears interest at LIBOR plus an applicable percentage (beginning at 150 basis points, with a range of 100 to 195 basis points) based on our ratings from Standard & Poor's, Moody's and/or Fitch Ratings.
Each reduction of the Commitments shall be made ratably among the Lenders under the Revolving Facility, Tranche A-1 Term Loan Facility or Tranche A-2 Term Loan Facility, as the case may be, in accordance with their respective Commitments under the Revolving Facility, Tranche A-1 Term Loan Facility or Tranche A-2 Term Loan Facility, as the case may be.