USD Term Facility definition
Examples of USD Term Facility in a sentence
The USD Term Borrowing shall consist of USD Term Loans made simultaneously by the USD Term Lenders in accordance with their respective Applicable Percentage of the USD Term Facility.
Each prepayment of the outstanding Term Loans pursuant to this Section 2.06(a) shall be applied to the outstanding principal amount under the relevant Facility as directed by the Company (or, in the absence of specification, ratably between the USD Term Facility and the EUR Term Facility), and subject to Section 2.18, each such prepayment shall be paid to the Lenders in accordance with their respective Applicable Percentages in respect of each of the relevant Facility.
Ltd., together with the executed counterparts of the commitment letter between us, of even date herewith, with respect to the First Lien USD Term Facility and the Second Lien Facility, on or before 11:59 p.m. (New York time) on May 5, 2017, whereupon this Preferred Equity Commitment Letter will become binding agreements between us.
Kendril Lender is pleased to advise you of its commitment to provide 100.0% of the principal amount of each of the First Lien USD Term Facility and the Second Lien Facility (each as defined in Exhibit A) (with respect to the Second Lien Facility, in such capacity, the "Initial Second Lien Lender") (collectively, the "Kendril Facilities"), in each case upon the terms and subject to the conditions set forth Section 2 of this Commitment Letter and the Fee Letter (as defined below).
Each prepayment of the outstanding Term Loans pursuant to this Section 2.06(f) shall be applied ratably to the outstanding principal amount of the USD Term Facility and the EUR Term Facility), and subject to Section 2.18, each such prepayment shall be paid to the Lenders in accordance with their respective Applicable Percentages in respect of such Facilities.
The outstanding principal amount of the First Lien USD Term Facility will be payable in equal quarterly amounts of 1% per annum, with the remaining balance due on the 7-year anniversary of the Closing Date.
The Kendril Commitment Parties will not Sell Down (as defined below) their commitments and/or loans in connection with the First Lien USD Term Facility and the Second Lien Facility until the earlier of (a) the completion and/or termination of the general syndication of the First Lien Euro Term Facility by the First Lien Euro Arrangers and (b) 60 days following the Closing Date.
Prior to or substantially concurrently with the initial borrowing of the First Lien Euro Facilities, the Borrowers shall have received the proceeds of the First Lien USD Term Facility in accordance with the terms of the First Lien USD Term Sheet (unless the Equity Contribution is increased by a corresponding amount).
The outstanding principal amount of the First Lien USD Term Facility will be payable in equal quarterly amounts of 1% per annum, with the remaining balance due on the 7–year anniversary of the Closing Date.
The USD Term Borrowing shall consist of USD Term Loans made simultaneously by the USD Lenders in accordance with their respective Applicable Percentage of the USD Term Facility.