Examples of FILO Term Loan in a sentence
Each party’s obligations under this Section shall survive the resignation or replacement of the Administrative Agent or FILO Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Aggregate Revolving Commitments or the FILO Term Loan Commitments and the repayment, satisfaction or discharge of all obligations under any Loan Document (including the Payment in Full of the Secured Obligations).
Each FILO Term Loan Lender hereby irrevocably appoints the entity named as FILO Agent in the heading of this Agreement and its successors and assigns to serve as the FILO Agent under the Loan Documents and each FILO Term Loan Lender authorizes the FILO Agent to take such actions as agent on its behalf and to exercise such powers under this Agreement and the other Loan Documents as are delegated to the FILO Agent under such agreements and to exercise such powers as are reasonably incidental thereto.
Any amounts (other than with respect to the FILO Term Loan) received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon.
Each such prepayment of the FILO Term Loan shall be applied (A) first, ratably against the remaining installments of principal due on the 2023 FILO Term Loan until paid in full and (B) second, ratably against the remaining installments of principal due on the Initial FILO Term Loan until paid in full.
Subject to the terms and conditions hereof, on the First Amendment Funding Date each Initial FILO Term Loan Lender severally agrees to make term loans (collectively, the “Initial FILO Term Loan”) in Dollars to the Borrowers in an amount equal to such FILO Term Loan Lender’s Initial FILO Term Loan Commitment.
With respect to its Revolving Commitments, FILO Term Loan Commitments (if any), Loans (including Swingline Loans) and Letters of Credit, the Person serving as the Agent shall have and may exercise the same rights and powers hereunder and is subject to the same obligations and liabilities as and to the extent set forth herein for any other Lender or Issuing Bank, as the case may be.
All principal of, interest on, and other amounts payable in respect of the FILO Term Loan shall constitute Obligations hereunder.
Any principal amount of the FILO Term Loan that is repaid or prepaid may not be reborrowed.
It is understood and agreed that the inspections and examinations referred to in this Section 5.06 shall also be for the benefit of the FILO Agent and the FILO Term Loan Lenders, and the FILO Agent shall have the right to conduct any such inspections and examinations, at the Loan Parties’ expense, to the extent such any such inspections and examinations are not conducted by the Administrative Agent pursuant to this Section 5.06.
The FILO Specified Amount shall be added to the outstanding principal amount of the Initial FILO Term Loan on the Second Amendment Effective Date and shall be deemed an Initial FILO Term Loan for all purposes under this Agreement.