Accordion Facility definition

Accordion Facility means any term loan facility that may be established and made available under this Agreement as described in Clause 6 (Establishment of Accordion Facility).

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Accordion Facility and “Accordion Facilities”: as defined in Subsection 2.6(a).

Accordion Facility means, at any relevant time and subject to the provisions of Clause 2.6, a term loan facility in an aggregate principal amount of up to $100,000,000.

Examples of Accordion Facility in a sentence

Withdrawal of the Accordion Facility Proposal shall terminate the process set out in this Clause 6 (Establishment of Accordion Facility) in respect of the Accordion Facility proposed in the Accordion Facility Proposal and the Accordion Facility shall not be established.
The Corporate Guarantor shall not amend the Accordion Facility Proposal but may withdraw the Accordion Facility Proposal at any time.
If there is an Accordion Facility Shortfall relating to the Proposed Facility Size set out in the Accordion Facility Proposal, the Corporate Guarantor shall invite each Participating Lender under the Accordion Facility Proposal to increase the proposed Accordion Facility Commitment offered by it in respect of the Accordion Facility proposed in the Accordion Facility Proposal by an amount no greater than that Accordion Facility Shortfall.
The Facility Agent shall, subject to paragraph (b) below, as soon as reasonably practicable after receipt by it of the duly completed Accordion Facility Notice appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute the Accordion Facility Notice.
Each Participating Lender under the Accordion Facility Proposal shall notify the Corporate Guarantor and the Facility Agent of its offer of an increased proposed Accordion Facility Commitment (if any) pursuant to paragraph (f) above no later than 5:00 p.m. on the day falling 10 Business Days after the last day of the Accordion Facility Solicitation Period relating to the Accordion Facility Proposal.

More Definitions of Accordion Facility

Accordion Facility means the uncommitted term loan facility made available under this Agreement as described in clause 2 (The Facilities).

Accordion Facility means the revolving line of credit described in Section 2.2, below.

Accordion Facility means the accordion facility under the DIP Credit Agreement.

Accordion Facility means any revolving facility that may be established and made available under this Agreement as described in Clause 6.1 (Establishment of Accordion Facility) and if more than one Accordion Facility Dates occurs such term shall mean the single reconstituted revolving facility referred to at paragraph (a) of Clause 7.3 (Reduction of the Accordion Facility).

Accordion Facility shall, where used in any Finance Document, mean any accordion facility made available under Clause 2.5 (Accordion Facility) of the Facility Agreement.

Accordion Facility means a term loan facility described in Clause 2.2 (Accordion Facility).

Accordion Facility has the meaning given to that term in Clause 2.3 (Accordion Facility).