Subordinated Credit Facility definition

Subordinated Credit Facility has the meaning set forth in the General Resolution.
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Subordinated Credit Facility means a letter of credit, revolving credit agreement, standby purchase agreement, surety bond, insurance policy or similar obligation, arrangement or instrument issued by a bank, insurance company or other financial institution which (i) provides for payment of all or a portion of the principal of or interest on any Subordinated Indebtedness, (ii) provides funds for the purchase of any Bonds or Subordinated Indebtedness, or any portion of any thereof, or (iii) secures the payment by the Authority of its obligations under a Financial Contract relating to Bonds or Subordinated Indebtedness.
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Subordinated Credit Facility means the Subordinated Loan Agreement, dated as of October 30, 1998, among the Company, HET and HOC, together with any related documents, as such agreement may be amended, supplemented or modified from time to time.
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Examples of Subordinated Credit Facility in a sentence

  • The principal and interest shall not be payable prior to May 5, 2005, and, from that date, shall only be payable in the event that the Company has monies on hand which it shall not be required to pay or retain to avoid default under the terms and conditions of the Junior Bridge Credit Facility and the Sponsors Subordinated Credit Facility.

  • In giving instructions, Contractor agrees that the District shall have authority to make minor changes in work, not involving change in cost, and not inconsistent with the purposes or approvals of the project.

  • The Board of Directors consists of three physical persons and one legal entity, which has respectively appointed a physical person as its representative.

  • Both the Sponsors Subordinated Credit Facility and the Subordinated Convertible Debenture are not currently payable obligations and contain provisions for the conversion of amounts outstanding into common shares of the Company.

  • Both the Subordinated Credit Facility and the Subordinated Convertible Debenture are not currently payable obligations and contain provisions for the conversion of amounts outstanding into common shares of the Company.

  • The Company and a Canadian chartered bank have agreed in principle regarding the establishment of a non-revolving term subordinated credit facility which will be used to refinance amounts outstanding under the Sponsors Subordinated Credit Facility on or about the completion of this offering.

  • The Bonds offered hereby are Obligation Bonds, representing direct obligations of the Company, and the net proceeds from this offering will be used primarily to repay a portion of the indebtedness under the Sponsors Subordinated Credit Facility which is secured by one of the Series of such Pledged Bonds.

  • The net proceeds from this offering after deducting the Underwriters’ fee and estimated expenses of this offering will be used to repay a portion of the outstanding indebtedness under the Sponsors Subordinated Credit Facility.

  • In June 2019, SFS entered into the Subordinated Credit Facility with SMFS as borrower and SCM as guarantor, pursuant to which SFS provided SMFS with the Subordinated Loan, of which S$1.5 billion has been drawn down by the SCM Group as at the date of this Announcement.

  • Gearing As atAs at31 December30 June20192020Before the Rights Issue Total net borrowings (S$’ million)(1) 4,011.54,220.2Total equity (S$’ million) 2,206.82,014.4Net gearing (times)(2) 1.82x2.10xAfter the Rights Issue Total net borrowings (S$’ million) 1,928.02,136.7Total equity (S$’ million) 4,290.34,097.9Net gearing (times)(2) 0.45x0.52xNotes: (1) Including the S$1.5 billion principal amount outstanding under the Subordinated Credit Facility.


More Definitions of Subordinated Credit Facility

Subordinated Credit Facility has the meaning assigned to such term in the Student Loan Purchase Agreement[s].]76
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Subordinated Credit Facility means that certain Subordinated Loan Agreement entered into by and among the Company, HET and HOCI, pursuant to Section 6.2(i) of the Plan, pursuant to which HET and HOCI shall loan to the Company an original principal amount not to exceed Twenty Two Million Five Hundred Thousand Dollars ($22,500,000).
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Subordinated Credit Facility means the credit agreement (the "Subordinated Credit Agreement"), dated as of _________, 1998, among the Company, the Parent Guarantor, HET and HOC, together with any related documents, as such agreement may be amended, supplemented or modified from time to time.
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Subordinated Credit Facility means a subordinated credit facility of the Purchaser evidenced by a revolving credit agreement substantially in the form attached hereto as Attachment F.
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Subordinated Credit Facility means that certain Loan Agreement dated as of April 30, 2001 by and among the Borrower, the lenders party thereto and DDJ, as agent for the subordinated lenders.
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Subordinated Credit Facility means the note purchase agreement dated as of October 30, 2002 by and among Arizona Mail Order Company, Inc., PC Flowers & Gifts.com LLC, Figi's, Inc., LM&B Catalog, Inc., Figi's Business Servxxxx, Xxx., Figi's Mail Order Gifts, Inc., Monterey Bay Clothing Company, Inc., and Bedford Fair Apparel, Inc. as borrowers, the Company, as guarantor, CapitalSource, as agent, and the other lenders from time to time party thereto, as amended.
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Related to Subordinated Credit Facility

  • 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.

  • 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).

  • ABL Credit Facility means the agreement, dated as of March 30, 2015, among the Company, the Subsidiaries of the Company that borrow or guarantee obligations under such agreement from time to time, as “Credit Parties,” the lenders parties thereto from time to time and Bank of America, N.A., as agent (or its successor in such capacity), together with the related notes, letters of credit, guarantees and security documents, and as the same may be amended, restated, amended and restated, supplemented or modified from time to time and any renewal, increase, extension, refunding, restructuring, replacement or refinancing thereof (whether with the original administrative agent and lenders or another administrative agent, collateral agent or agents or one or more other lenders or additional borrowers or guarantors and whether provided under the original ABL Credit Facility or one or more other credit or other agreements or indentures).

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • Senior Secured Credit Facility means the Loan and Security Agreement, dated as of May 31, 2017 by and among the Company and Western Alliance Bank (as amended, amended and restated, supplemented or otherwise modified from time to time, subject to the limitations herein).

  • Senior Secured Credit Facilities means the revolving credit facility and other credit facilities under the Credit Agreement, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings, refinancings or replacements thereof and any one or more indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund, supplement 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) or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, trustee, lender or group of lenders or holders.

  • Principal Credit Facility means any loan agreement, credit agreement, note purchase agreement, indenture or similar document under which credit facilities in the aggregate original principal or commitment amount of at least $20,000,000 are provided for.

  • New Credit Facility is defined in Section 9.8.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • ABL Credit Agreement as defined in the recitals hereto.

  • Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Subordinated Loan Documents means the Subordinated Credit Agreement, the promissory notes executed and delivered pursuant to the Subordinated Credit Agreement, and each other agreement, instrument, or document executed by the Borrower or any of its Subsidiaries or any of their Responsible Officers in connection with the Subordinated Credit Agreement.

  • Debt Facility means any Senior Facility and any Second Priority Debt 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.

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Subordinated Loan Agreement means a binding agreement with a Subordinated Debt Provider providing unsecured debt financing for the benefit of the Energy Complex and on terms and conditions that shall satisfy the requirements of the Financing Documents.

  • Credit Facility Documents means the collective reference to any Credit Facility, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.

  • Senior Secured Credit Agreement means that certain Credit Agreement, dated as of September 27, 2018, among the Borrowers, the lenders from time to time party thereto, JPMCB as administrative agent, JPMCB as collateral agent, and the other parties thereto, as amended, restated, amended, restated, extended, supplemented, refinanced or otherwise modified from time to time.

  • Existing ABL Credit Agreement means that certain ABL credit agreement, dated as of April 19, 2013, among Petco Animal Supplies, Inc., the lenders party thereto, Bank of America, N.A., (as successor to Credit Suisse AG) as administrative agent, Xxxxx Fargo Bank, National Association, as collateral agent, and the subsidiaries of Petco Animal Supplies, Inc. from time to time party thereto, as amended by that certain First Amendment to the ABL Credit Agreement, dated as of November 21, 2014.

  • 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.

  • Subordinated Debt Documents means any documents evidencing and/or securing Debt governed by a Subordination Agreement, all of which documents must be in form and substance acceptable to Agent in its sole discretion. As of the Closing Date, there are no Subordinated Debt Documents.

  • Bridge Credit Agreement means that certain Credit Agreement, dated as of December 24, 2018, by and among Parent Borrower, as Borrower, Citibank, N.A., as Agent and the other parties thereto.