Examples of Credit Facilities in a sentence
The Borrower shall use commercially reasonable efforts to maintain (i) a public corporate credit rating for the Borrower from Xxxxx’x and S&P, (ii) a public corporate family rating for the Borrower from Xxxxx’x and S&P and (iii) a public rating for the Credit Facilities from each of S&P and Xxxxx’x; provided that, in each case of clauses (i), (ii) and (iii), in no event shall the Borrower be required to maintain any specific rating with any such agency.
On the Closing Date, and subject to and upon the terms and conditions set forth in this Agreement and the other Loan Documents, the Administrative Agent, the Lenders and each LC Issuer agree to establish the Credit Facilities for the benefit of the Borrowers; provided, however, that at no time will the Credit Facility Exposure of any Lender exceed the aggregate amount of such Xxxxxx’s Commitments.
For the avoidance of doubt and notwithstanding anything to the contrary herein, the parties hereto acknowledge that any LIBO Rate Loans under the Credit Facilities that are outstanding immediately prior to the effectiveness of this Amendment shall continue to bear interest at a rate determined by reference to the LIBO Rate (as defined in the Existing Credit Agreement) until the end of the Interest Period applicable to such LIBO Rate Loan.
The Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders on the applicable Maturity Date for the Revolving Credit Facilities of a given Class the aggregate principal amount of all of its Revolving Credit Loans of such Class outstanding on such date.