Applicable Credit Facility definition

Applicable Credit Facility means the Floor Plan Facility, Term Loan Facility, Mortgage Loan Facility and the Revolving Credit Facility, as the context may require.
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Applicable Credit Facility means, at any time, the Credit Facility (if any) for which the Applicable Agent acts as representative under the First Lien Intercreditor Agreement at such time.
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Applicable Credit Facility means the Floor Plan Facility and the Revolving Credit Facility, as the context may require.
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Examples of Applicable Credit Facility in a sentence

  • Upon discharge of the Indenture with respect to a Series of Bonds pursuant to Section 5.1, the Trustee shall promptly surrender the Applicable Credit Facility to the Applicable Credit Issuer for cancellation.

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  • Upon any redemption or defeasance of any Bonds of a Series or upon cancellation of any Bonds of a Series upon purchase thereof as contemplated by Section 2.8, the Trustee shall send notice to the Applicable Credit Issuer to reduce the amount available to be drawn on the Applicable Credit Facility (with written notice of the same to the Company) and the Trustee shall, upon request, confirm to the Applicable Credit Issuer and the Company the principal amount of Bonds redeemed, canceled or defeased.

  • In the event the Purchase Price of Bonds of a Series is paid from the Applicable Credit Facility as described herein, and the Company does not reimburse the Applicable Credit Issuer for such Purchase Price, upon the remarketing of such Bonds as described in Section 2.7(a), the Applicable Paying Agent shall deliver the proceeds of the remarketing of such Bonds to the Applicable Credit Issuer.

  • Notwithstanding the foregoing, any Bond of a Series that is registered in the name of the Company or held or required to be held by the Trustee or any pledge agent under a pledge agreement pursuant to Section 2.8 shall not be entitled to any benefit of the Applicable Credit Facility.

  • With respect to each Series of Bonds, there shall be deposited in the Bond Fund and credited to the account relating to such Series within the Bond Fund (a) all moneys received by the Trustee from the Company with respect to such Series for deposit by the Trustee in the Bond Fund, and (b) all moneys drawn under any Applicable Credit Facility to pay principal, premium, if any, or interest on the Bonds of such Series.

  • If a Series of Bonds is rated by a Rating Agency, notice of any such expiration or termination of the Applicable Credit Facility shall be furnished to such Rating Agency by the Trustee.

  • Upon payment in full of a Series of Bonds, the Trustee shall return the Applicable Credit Facility to the Applicable Credit Issuer.

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More Definitions of Applicable Credit Facility

Applicable Credit Facility means, with respect to a Series of Bonds, the Credit Facility securing such Series.
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Applicable Credit Facility means the Mortgage Facility, any Class of Delayed Draw Loans and any Class of Additional Mortgage Loans, as the context may require.
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Applicable Credit Facility. [Term Facility/Revolving Facility]
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Applicable Credit Facility means the Floor Plan Facility, the Mortgage Loans under the Mortgage Facility, the Term Loans under the Term Loan Facility, the Delayed Draw Mortgage Loans, the Delayed Draw Term Loans, any Class of Additional Mortgage Loans and any Class of Additional Term Loans, as the context may require.
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Related to Applicable 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.

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

  • 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.

  • Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

  • Term Loan Exposure means, with respect to any Term Loan Lender, as of any date of determination (a) prior to the funding of the Term Loan, the amount of such Lender’s Term Loan Commitment, and (b) after the funding of the Term Loan, the outstanding principal amount of the Term Loan held by such Lender.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) the Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Revolving Lender at any time shall be the product of (i) such Revolving Lender’s Revolving Facility Percentage and (ii) the aggregate Revolving Facility Credit Exposure of all Revolving Lenders, collectively, at such time.

  • 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.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Swing Loan Exposure means, as of any date of determination with respect to any Lender, such Lender’s Pro Rata Share of the Swing Loans on such date.