Credit Facility Assumption definition

Credit Facility Assumption means (i) the assumption by, or assignment or other transfer to, any Proceeds Loan Obligor of any obligations under Credit Facilities incurred by the Issuer and its Subsidiaries and/or (ii) the acquisition or other transfer of the Issuer and its Subsidiaries, together with any outstanding obligations under Credit Facilities incurred by the Issuer and its Subsidiaries, by any Proceeds Loan Obligor, in each case, pursuant to the Ziggo Group Combination.
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Credit Facility Assumption means (i) the assumption by, or assignment or other transfer to, any Restricted Subsidiary of any obligations under Credit Facilities incurred by the SPV Borrower and its Subsidiaries and/or (ii) the acquisition or other transfer of the SPV Borrower and its Subsidiaries, together with any outstanding obligations under Credit Facilities incurred by the SPV Borrower and its Subsidiaries, by any Restricted Subsidiary, in each case, pursuant to the Ziggo Group Combination.
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Credit Facility Assumption means (i) the assumption by, or assignment or other transfer to, any Restricted Subsidiary of any obligations under Credit Facilities incurred by the Senior Secured Notes Issuer and its Subsidiaries (including, without limitation, the 2015 SPV Senior Facility Agreement) and/or (ii) the acquisition or other transfer of the Senior Secured Notes Issuer and its Subsidiaries, together with any outstanding obligations under Credit Facilities incurred by the Senior Secured Notes Issuer and its Subsidiaries, by any Restricted Subsidiary, in each case, pursuant to the Ziggo Group Combination.
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Examples of Credit Facility Assumption in a sentence

  • Except with respect to the Senior Credit Facility, the Guaranty and Security Agreement required thereby, and the Senior Credit Facility Assumption Agreement, these arrangements are expected to terminate within g following the competition of the Proposed Transaction.

  • The Senior Credit Facility Assumption will occur separately from the LLC 2 Demerger and Distribution 1, and therefore Controlled will not assume Distributing Debt within the meaning of § 3.01 of Rev.

  • The Senior Credit Facility, the Guaranty and Security Agreement required thereby, and the Senior Credit Facility Assumption Agreement will remain outstanding for a maximum length of time of f following the completion of the Proposed Transaction.

  • Distributing 2 and Controlled will enter into the Senior Credit Facility Assumption Agreement (the “Senior Credit Facility Assumption”) (see representations (8) and (9)).

  • Distributing 2 will not receive any boot that could be subsequently distributed in satisfaction of a Distributing 2 debt obligation to which section 361(b) and/or (c) applies in connection with the Senior Credit Facility Assumption.

  • Distributing 2 and Controlled will each treat the Senior Credit Facility Assumption as a distribution of property in the amount of c by Controlled to Distributing 2 to which section 301 applies and will reduce Distributing 2’s basis in its shares of Controlled pursuant to §§ 1.1502-13(f)(2) and 1.1502-32.


More Definitions of Credit Facility Assumption

Credit Facility Assumption means (i) the assumption by, or assignment or other transfer to, any Proceeds Loan Obligor of any obligations under Credit Facilities incurred by the Fold-In Issuer and its Subsidiaries (including, without limitation, under the SPV Credit Agreement) and/or (ii) the acquisition or other transfer of the Fold-In Issuer and its Subsidiaries, together with any outstanding obligations under Credit Facilities incurred by the Fold-In Issuer and its Subsidiaries, by any Proceeds Loan Obligor.
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Related to Credit Facility Assumption

  • 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.

  • Credit Facility Agreement means the Credit Facility and Reimbursement Agreement dated as of May 1, 2003, between the Bond Bank and the Bank providing for the timely payment, when due, of a portion of the principal of and interest on the Notes, all subject to such conditions and under such terms as described in Article X of the Indenture.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • New Credit Facility is defined in Section 9.8.

  • Facility A Commitment means, with respect to any Lender, the principal amount set out beside such Lender's name in Schedule V with reference to Facility A, as amended from time to time, and to the extent not cancelled or terminated hereunder.

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.

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

  • Prepayment Assumption As defined in the Prospectus Supplement.

  • Incremental Term Loan Assumption Agreement means an Incremental Term Loan Assumption Agreement in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Term Lenders.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

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

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being €300,000,000 at the date of this Agreement.

  • Refinancing Commitments shall have the meaning provided in Section 2.14(h).

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

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

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • 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 Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Incremental Assumption Agreement means an Incremental Assumption Agreement in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and, if applicable, one or more Incremental Term Lenders and/or Incremental Revolving Facility Lenders.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”