Examples of U.S. Term A-1 Loan in a sentence
The Borrower promises to pay interest on the unpaid principal amount of the U.S. Term A-1 Loan made by the Lender from the date of such Loan until such principal amount is paid in full, at such interest rates and at such times as provided in the Agreement.
The U.S. Term A-1 Loan made by the Lender shall be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course of business.
The Company promises to repay (i) U.S. Term A-1 Loans on each March 1, June 1, September 1 and December 1 (or, if any such day is not a Business Day, the following Business Day), commencing on December 1, 2017, in an amount (expressed as a percentage of the original aggregate principal amount of the U.S. Term A-1 Loans made on the Restatement Effective Date) equal to 0.25% and (ii) on the U.S. Term A-1 Loan Maturity Date, the aggregate principal amount of all U.S. Term A-1 Loans outstanding on such date.
All European Term A Loan Commitments and U.S. Term A-1 Loan Commitments shall terminate on the Restatement Effective Date immediately upon the funding of the applicable Term Loans to be funded thereunder pursuant to Section 2.01.
Each U.S. Term A-1 Lender agrees to make a U.S. Term A-1 Loan to the Company in Dollars on the Restatement Effective Date in an amount not to exceed such Lender’s U.S. Term A-1 Loan Commitment.
Notwithstanding any other provision of this Agreement, the Borrowers shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested (i) with respect to a U.S. Revolving Loan Borrowing would end after the U.S. Revolving Credit Maturity Date, (ii) with respect to a European Revolving Loan Borrowing would end after the European Revolving Credit Maturity Date or (iii) with respect to a U.S. Term A-1 Loan would end after the U.S. Term A-1 Loan Maturity Date.
All U.S. Term A-1 Loan Commitments terminated on the Sixth Restatement Effective Date immediately upon the funding of the applicable Term Loans funded thereunder pursuant to Section 2.01 of the Original Credit Agreement.
Lender US Term A-1 Loan Commitment Applicable Percentage AgStar Financial Services, PCA 7,130,789.49 2.947368428% Farm Credit East, ACA* 209,998,753.18 86.798761325% Farm Credit Services of America, PCA 24,807,957.33 10.253870247% Total $241,937,500 100.0% *CoBank, FCB to be assigned 100% of Farm Credit East, ACA’s commitment immediately following closing.
Revolving Loan Borrowing would end after the Revolving Credit Maturity Date or (ii) with respect to a U.S. Term A-1 Loan would end after the U.S. Term A-1 Loan Maturity Date.