Term Credit Facility definition

Term Credit Facility means the credit facility for the Term Loans described in Section 1.1 hereof and each separate Class of Term Loans established in connection with the making or increase, as applicable, of New Term Loans pursuant to Section 1.16, Extended Term Loans pursuant to a Term Loan Extension Amendment as contemplated by Section 1.18 hereof and Refinancing Term Loans pursuant to a Refinancing Term Loan Amendment as contemplated by Section 1.20 hereof (other than any such New Term Loans which, in accordance with Section 1.16, are added to an existing Term Credit Facility).

Term Credit Facility means that certain senior term credit facility credit agreement, to be dated on or about the Issue Date, among CDW LLC, JP Morgan Chase Bank, N.A., as Administrative Agent, the lenders party thereto and certain other parties specified therein, providing for term loans, including any related notes, debentures, bonds, guarantees, instruments and agreements executed in connection therewith, and in each case as amended, restated, supplemented, modified, renewed, refunded, replaced (whether at maturity or thereafter) or refinanced from time to time in one or more agreements indentures, notes, bonds, facilities or other forms of indebtedness in whole or in part (in each case with the same or new agents, lenders or investors), including any agreement adding or changing the borrower or issuer or any guarantor or extending the maturity thereof or otherwise restructuring all or any portion of the Indebtedness thereunder or increasing the amount loaned or issued thereunder or altering the maturity thereof.

Term Credit Facility. ’ means the term credit facility dated as of 25 June 2015 (as subsequently amended and restated on 4 March 2016), between Volvo Car Corporation as borrower, Volvo Car AB as guarantor and AB Svensk Exportkredit (publ) as lender;

Examples of Term Credit Facility in a sentence

• To the extent any Term Credit Facility proceeds are repaid for any reason, whether voluntarily or involuntarily (including repayments from insurance or condemnation proceeds), Agent and Lenders shall have no obligation to re-advance such sums to Borrower.

• Except as provided below, Borrower shall have no right to prepay the Credit Extensions made in respect of a Term Credit Facility.

• The monthly payments required under the Amortization Schedule shall continue in the same amount (for so long as the applicable Term Credit Facility shall remain outstanding) notwithstanding any partial prepayment, whether mandatory or optional, of the applicable Term Credit Facility.

• For any Credit Facility identified on the Credit Facility Schedule as a term facility (a “Term Credit Facility”), Credit Extensions in respect of a Term Credit Facility may be requested by Borrower during the Draw Period for such Term Credit Facility.

• Except as this Agreement may specifically provide otherwise, all prepayments of Credit Extensions under Term Credit Facilities shall be applied by Agent to the applicable Term Credit Facility in inverse order of maturity.

More Definitions of Term Credit Facility

Term Credit Facility means that certain term loan facility provided for under the Term Credit Agreement.

Term Credit Facility has the meaning set forth in the Recitals.

Term Credit Facility means the term credit facility made available by the Lenders to the Borrower pursuant to the terms of this Agreement.

Term Credit Facility means the credit facility for making Term Loans described in Section 2.1(a) hereof.

Term Credit Facility means each Credit Facility identified on the Credit Facility Schedule as a term facility. “Third Restatement Closing Date” has the meaning given it in the preamble of this Agreement.

Term Credit Facility means the term loans under the Senior Credit Facility in an aggregate amount not to exceed $100 million, less any amounts derived from Asset Sales and applied to the permanent reduction of Indebtedness thereunder as contemplated by Section 4.10 hereof.

Term Credit Facility means the non-revolving term credit facility referred in Section 3.2.