Examples of Term Loan Facility Agreement in a sentence
The restrictions on distributions to Shareholders under the Term Loan Facility Agreement do not prevent Shareholders from redeeming C Shares in issue prior to the date of the Term Loan Facility Agreement (20 August 2020).
Subordinated debt was obtained from the Green for Growth Fund Southeast Europe, under the Subordinated Term Loan Facility Agreement, signed on 22 December 2015 with the purpose of granting loans related to Energy Efficiency and Renewable Energy investments.Pursuant to the approvals granted by Bank of Albania, the subordinated debt was classified as second-tier capital and included in the regulatory capital of the Bank.
The Company is also permitted, at any time, to declare, make or pay a distribution to Shareholders if it simultaneously repays any outstanding balance under the Term Loan Facility Agreement in an amount equal to the value of the distribution (or, where no utilisation has occurred, cancel an amount of the available commitment equal to the value of the distribution).
In addition, under the terms of the Term Loan Facility Agreement, the Company is prevented from declaring, making or paying distributions to Shareholders up to and including 31 December 2022.
After the Project Completion Date, six (6) months EURIBOR.(b) The Margin applicable to tranche A shall be 2.3% per annum.The Term Loan Facility Agreement sets forth mechanisms in order to replace the Interest Rate in the events that the above calculation cannot be made.Each of the Tranche A Utilisations and Tranche B Drawdowns made under the Loan shall accrue interest in favour of the Lenders on a daily basis, at the Interest Rate for each tranche.