European Facility definition

European Facility shall have the meaning set forth in the Supply Agreement.

European Facility means the financing of Receivables and any Related Security (it being understood that Standard Securitization Undertakings shall be permitted in connection with such financing) entered into on the date hereof by certain Foreign Subsidiaries organized under the laws of one or more jurisdictions in Europe and with respect to Portuguese Receivables, Bermuda, as described in the Information Memorandum.

European Facility has the meaning ascribed to it in Section 2.1(a).

Examples of European Facility in a sentence

• The European Facility will be used to fund working capital requirements in Europe.

• Notwithstanding the above, no European Loan Party may, at any time that any amount of the European Facility Revolving Facility Usage is outstanding, directly or indirectly, repay any Indebtedness other than to another European Loan Party or acquire any Indebtedness other than of any other European Loan Party unless the European Undrawn Availability at that time, and immediately after making such repayment, exceeds (and has at all times in the preceding 30 day period exceeded) $3,000,000.

• The amounts in the U.S. Dominion Account will go to the U.S. Facility Obligations or the European Facility Obligations as determined by Agent.

• Going one-step further, appreciating the greater socioe- conomic impact of such endeavor, the EU has acknowledged the necessity of interoperable EHR systems by incorporating them under the umbrella of the Connecting European Facility (CEF) EU instrument towards forming interconnected and trans-European digital infrastructures and networks.

• Similarly in the future mapping could be financed from the proposed Connecting European Facility.

More Definitions of European Facility

European Facility shall have the meaning set forth in Section 3.3(a).

European Facility means the Facility Agreement for a U.S.$125,000,000 Secured Revolving Credit Facility to Pride Foramer SAS and Forasub B.V. arranged by Natexis Banques Populaires, as lead arranger, agent and security agent, Credit Industriel et Commercial, as arranger, and BNP Paribas and Credit Lyonnais, as co-arrangers, as the same may be amended, supplemented, restated or otherwise modified from time to time.

European Facility is amended and restated, to read as follows:

European Facility means a facility under which FCNBD, in its sole discretion, may make revolving credit loans in favor of Hurco Europe and Hurco GmbH not to exceed $5,000,000 or its Dollar Equivalent (subject to Section 2.1(b)) pursuant to a letter agreement of even date herewith.

European Facility means the €300,000,000 Credit Agreement, dated August 22, 2006, as amended as of the Effective Date, among the Company, Smithfield Capital Europe B.V., certain other subsidiaries of the Company, BNP Paribas and Societe Generale Corporate & Investment Banking, as arrangers, the financial institutions party thereto as lenders and Societe Generale, as agent and security agent.

European Facility is defined in the Introduction to this Agreement.

European Facility means the revolving credit facility extended in English pounds to the Foreign Borrowers by the European Facility Lender in the aggregate principal amount not to exceed at any time the Foreign Currency Sublimit.