Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.įacility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan. Subordinated Loan Documents the collective reference to the Subordinated Note and any other documents or instruments that from time to time evidence the Subordinated Obligations or secure or support payment or performance thereof.ĭrawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made Subordinated Loan Agreement means each subordinated loan agreement entered into between a Subordinated Lender and the Guarantor Term Loan Advance means any Term Loan funds advanced under this Agreement. Loan Date means the date of the Loan Agreement as set forth in Exhibit A. Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date and (iii) according to its terms yield only payment-in-kind interest.įacility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan. Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement. Related to Subordinated Loan Drawdown Date In consideration of the Lender's undertaking to make the Subordinated Loan available to the Borrower, the Borrower shall in Same-Day Funds one Business Day prior to the Subordinated Loan Drawdown Date, in accordance with and in the manner set out in the Upfront Fees Side Letter, pay to the Lender a fee specified in such Upfront Fees Side Letter (the "Facility Fee") in respect of the front end commissions, fees and expenses incurred in connection with the making of the Subordinated Loan. Subject to Clause 8, the Borrower will pay interest in Euros to the Lender on the Original Principal Amount or Outstanding Principal Amount, as the case may be, which shall accrue from day to day from (and including) the Subordinated Loan Drawdown Date to (but excluding) the Repayment Date at the rate of 10.0 per cent. On the terms and subject to the conditions set forth herein, on the Subordinated Loan Drawdown Date the Lender shall make the Subordinated Loan available to the Borrower and the Borrower shall make a single drawing in the full amount of the Subordinated Loan. The obligation of the Lender to make the Subordinated Loan shall be subject to the conditions precedent that as of the Subordinated Loan Drawdown Date, unless waived by the Lender in writing in full or in part (a) the Lender shall have received the full amount of the proceeds of the issue of the Notes pursuant to the Subscription Agreement and (b) the Lender shall have received the full amount of the Facility Fee pursuant to Clause 3.3. Examples of Subordinated Loan Drawdown Date in a sentence
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