Textron Facility Sample Clauses
The "Textron Facility" clause defines the specific credit facility or loan arrangement provided by Textron, typically outlining the terms under which funds are made available to the borrower. This clause usually details the type of facility (such as a revolving credit line or term loan), the maximum borrowing amount, and any unique conditions or covenants associated with the Textron-provided financing. Its core practical function is to clearly identify and govern the financial relationship between the parties regarding the Textron facility, ensuring both parties understand the scope and limitations of the credit arrangement.
Textron Facility. Those certain credit facilities provided by Textron and certain other lenders to the Borrower pursuant to the Textron Documents.
Textron Facility. The Administrative Agent shall have received evidence satisfactory to it and to the Lenders that the Amended and Restated Agreement for Wholesale Financing (Finished Goods—Shared Credit Facility), dated as of May 25, 2004 (as amended, restated, supplemented or modified through the date hereof, the “Textron Facility”), among Parent, Palm Harbor Manufacturing, L.P., a Texas limited partnership, Palm Harbor Homes I, L.P., a Texas limited partnership, and Palm Harbor Marketing, Inc., a Nevada corporation, as borrowers, the lenders party thereto and Textron Financial Corporation, a Delaware corporation, as administrative agent, has been amended (i) to extend the Maturity Date thereunder to the earlier of June 30, 2012 and one month prior to the date of the first repurchase option for the holders of the Parent Convertible Notes, (ii) to increase the Maximum Net Loss covenant thereunder to not greater than $15,000,000 (excluding any restructuring charges) in respect of the fiscal quarter ending March 26, 2010 and any fiscal quarter thereafter through September 24, 2010 and (iii) to repeal Sections 11 and 12 of the seventh amendment, dated December 29, 2009, to the Textron Facility, with respect to CPA and any of its direct or indirect Subsidiaries and the assets, property, and ownership thereof.
Textron Facility. Individually and collectively, those certain credit facilities provided by Textron Financial Corporation to Borrower pursuant to (a) that certain Amended and Restated Loan, Security and Agency Agreement (Tranche A) dated as of ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇) that certain Amended and Restated Loan, Security and Agency Agreement (Tranche B) dated as of April 30, 2002, (c) that certain Loan and Security Agreement (Tranche C) dated as of April 17, 2001, and (d) that certain Amended and Restated Loan and Security Agreement dated as of RECEIVABLES LOAN AND SECURITY AGREEMENT March 5, 2004, and all documents and other instruments executed in connection therewith, as all of the same have been and may hereafter be amended, supplemented and modified from time to time.
Textron Facility. Borrower will comply with each of the terms and conditions of any subordinated indebtedness, the Textron Facility and will promptly deliver to Lender, upon receipt by Borrower, copies of any notices received by Borrower in connection with the Textron Facility or any other credit facility from time to time subject to the Interecreditor Agreement.”