Term Loan Advance means any Term Loan funds advanced under this Agreement.įacility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities). Tranche B Advance means each Advance allocated to Tranche B pursuant to, and in accordance with, this Agreement. Loan Date means the date of the Loan Agreement as set forth in Exhibit A.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.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.
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.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 Interest shall accrue on the Loan at rate of Annualized Interest Rate accruing from the Loan Drawdown Date, and is calculated on a monthly basis.
Subject to the satisfaction of the conditions contained in paragraph (b) of this Section, the Termination Date shall automatically be extended on the Initial Termination Date for an additional two (2) years such that the Termination Date shall be the date which is three (3) years after the Term Loan Drawdown Date. The Loan is for a minimum term of 1 year and a maximum term of 3 years.The Loan is drawn down on the Loan Drawdown Date and the Loan monies are applied directly to pay the Issue Price on your Units. You are automatically taken to have requested an advance on the Loan Drawdown Date of the Loan for the Loan Amount on that date.įor each Instalment Loan, interest shall accrue on the Loan (Product portion) of each Instalment Loan from the Loan Drawdown Date at the interest rate as stated in the order summary of the relevant Applicable Transaction. The undersigned Borrower hereby requests a of the Credit Agreement: Principal Amount: $_ Type (LIBOR Rate Loan, Base Rate Loan): Drawdown Date: Interest Period for LIBOR Rate Loans: by credit to the general account of Borrower with Agent at Agent’s Head Office or to the account specified by Borrower on Schedule A hereto pursuant to the wiring instructions set forth on Schedule A.įor the first repayment of an Instalment Loan, you are required to pay interest pro-rated based on the period between the Loan Drawdown Date and the first repayment date. On and from the Loan Drawdown Date the Lender will make a Loan to you in an amount equal to A$1.00 per Unit (the Loan Amount). The Loan FacilityInvestors must borrow 100% of the Issue Price on the Loan Drawdown Date. Examples of Loan Drawdown Date in a sentence
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