Committed Credit Facility definition

Committed Credit Facility means the applicable committed line of credit facility made available to a Borrower, on behalf of its respective fund series, by the Bank pursuant to a loan agreement dated June 10, 2009, as may be amended, restated, extended, renewed, replaced or otherwise modified and in effect from time to time.
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Committed Credit Facility means credit lines that permit the person to draw funds from companies that are Investment-grade credit issuers.
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Committed Credit Facility means a Credit Facility under which we are committed to make available an agreed amount for an agreed period of time provided you satisfy the conditions set out in the Facility Agreement.
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Examples of Committed Credit Facility in a sentence

  • Represents the new deferred financing costs attributable to the Newly Committed Credit Facility and the Bridge Facility.

  • Included in these sales were four franchises (four dealership locations) that were pending disposition as of December 31, 2005.In March 2006, we amended our Committed Credit Facility to include DCFS in the Syndicate and extend the maturity of the Committed Credit Facility to March 2009.

  • Our 8% Senior Subordinated Notes due 2014 and our Committed Credit Facility are guaranteed by all of our current subsidiaries, other than our current Toyota and Lexus dealership subsidiaries, and all of our future domestic restricted subsidiaries, other than our future Toyota and Lexus dealership facilities.

  • Dear Tom: This letter is to confirm that Union Bank of California, N.A. has agreed to extend the maturity date of that certain facility ("Committed Credit Facility") in the maximum principal amount of $3,000,000, granted by Bank to Borrower pursuant to the terms and conditions of the Facility Letter and Credit Line Note.

  • Lender's obligation to lend the undisbursed portion of the Committed Credit Facility will terminate if, in Lender's reasonable sole discretion, there has been an Event of Default, as defined in Section 8, or any other event or occurrence that may materially adversely affect Borrower's ability to repay any then existing or future Obligations.

  • Represents the adjustment to historical interest expense on debt to be retired and interest expense on the Newly Committed Credit Facility and the New Senior Subordinated Notes as follows (in thousands): Nine months ended Year ended September 30, December 31, 2009 2008 Pro forma borrowings at September 30, 2009 under the Newly Committed Credit Facility are $826.6 million.

  • Interest on the Newly Committed Credit Facility is variable at LIBOR plus 2%-3%.

  • Committed Credit Facility In September 2012, we renegotiated our existing $3.0 billion committed credit facility, extending the maturity date to November 30, 2016 and reducing both the standby fees to maintain the facility as well as the cost of future borrowings.

  • In May 2008, we entered into a $50.0 million Committed Credit Facility with a commercial bank to finance our acquisition of Innicor Subsurface Technologies Inc.

  • The Newly Committed Credit Facility will be a $1.6 billion facility.


More Definitions of Committed Credit Facility

Committed Credit Facility any credit facility pursuant to which the lenders parties thereto have committed, subject to the conditions set forth therein, to make loans or extend other credit to the Borrower and/or any Material Subsidiary.
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Committed Credit Facility means an undrawn portion of a committed off-balance sheet liability of a bank that can be utilized to finance debt obligations of a customer that mature after the next 30 days, including the undrawn portion of the committed facility of the bank for financing the working capital of the customer.
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Committed Credit Facility is the collective Advances of up to $5,000,000.
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Committed Credit Facility is Advances of up to $650,000.
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Related to Committed Credit Facility

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving Credit Facility.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Credit Facility Agent means that certain agent, in its capacity as arranger and administrative agent under the Credit Agreement or any replacement or successor agent under the Credit Agreement.

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.7.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Existing Credit Facility means the credit facility evidenced by that certain Credit Agreement, dated as of October 26, 2006, by and among the Borrower, the lenders party thereto, and JPMCB, as administrative agent, as amended.

  • Revolving Credit Notes means the separate Revolving Credit Notes made by the Borrower payable to the order of each Lender, substantially in the form of Exhibit A hereto, evidencing the Credit Facility, and any amendments and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part; "Note" means any of such Revolving Credit Notes.

  • Revolving Credit means the credit facility for making Revolving Loans and Swing Loans and issuing Letters of Credit described in Sections 1.2, 1.3 and 1.7 hereof.

  • Senior Credit Facilities means the Credit Facilities entered into as of the Measurement Date by and among the Issuer, Holdings III, the lenders party thereto in their capacities as lenders thereunder and Citibank, N.A., as Administrative Agent, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings or refinancings thereof and any indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.09 hereof).