Authorised Credit Facility definition

Authorised Credit Facility means any facility, agreement or finance lease entered into by a Borrower for Senior Debt or Junior Debt as permitted by the terms of the Common Terms Agreement the providers of which are parties to or have acceded to the STID and the Common Terms Agreement, and includes the Initial Borrower Loan Agreement, the Capex Facilities, the Working Capital Facilities, the Refinancing Facility, the EIB Facilities, the Borrower Liquidity Facilities, the Borrower Hedging Agreements, each Finance Lease and (A) any fee letter or commitment letter entered into in connection with the foregoing facilities or agreements or the transactions contemplated in the foregoing facilities and (B) any other document (not being a Common Document) that has been entered into in connection with the foregoing facilities or agreements or the transactions contemplated thereby that has been designated as a document that should be deemed to be an Authorised Credit Facility for the purposes of this definition by the parties thereto (including at least one Obligor).

Authorised Credit Facility means a credit facility by Forestry and Land Scotland in favour of the Purchaser and notified in writing to the Purchaser by Forestry and Land Scotland;

Authorised Credit Facility means any facility, agreement or finance lease entered into by a Borrower for Senior Debt or Junior Debt as permitted by the terms of the Common Terms Agreement the providers of which are parties to or have acceded to the STID and the Common Terms Agreement, and includes the Initial Borrower Loan Agreement, the Capex Facilities, the Working Capital Facilities, the Refinancing Facility, the EIB Facilities, the Borrower Liquidity Facilities, the Borrower Hedging Agreements, each Finance Lease and

Examples of Authorised Credit Facility in a sentence

• The CTA together with a Master Definitions Agreement covers, inter alia, the Initial Authorised Credit Facility Agreement (the “Initial ACF Agreement”), the Authorised Credit Facility Agreement (the “ACF Agreement”) and the Borrower Loan Agreement.

• The Common Terms Agreement sets out the representations, covenants, Trigger Events and Loan Events of Default (at Schedules 1 to 4, respectively) which apply to each Authorised Credit Facility including the Borrower Loan Agreements.

• The CTA together with a Master Definitions Agreement covers, inter alia, the Initial Authorised Credit Facility Agreement (the “Initial ACF Agreement”).

• Ivy Holdco Group Facilities Gatwick Airport Limited and Ivy Holdco Limited are party to a Common Terms Agreement (“CTA”) with, inter alia, the National Westminster Bank as Authorised Credit Facility (“ACF”) agent and previously the Initial Authorised Credit Facility (“Initial ACF”) agent.

• BORROWINGS (continued) Ivy Holdco Group FacilitiesThe Group is party to a Common Terms Agreement (“CTA”) with, inter alia, the National Westminster Bank as Authorised Credit Facility (“ACF”) agent and previously the Initial Authorised Credit Facility (“Initial ACF”) agent.

• An Obligor acceding to an Authorised Credit Facility shall make the Repeating Representations on the date of such accession.CovenantsThe CTA contains certain covenants from each of the Obligors.

• The votes of Participating QBS Creditors will be cast by the applicable Participating QBS Creditors (through their Secured Creditor Representatives on their behalf) in accordance with (i) Clause 11 (Tranching of Qualifying Borrower Debt and Determination of Voting Qualifying Debt) below and (ii) in the case of any Authorised Credit Facility provided other than on a bilateral basis, any minimum quorum and voting majorities specified in the relevant Authorised Credit Facility.

• The CTA together with a Master Definitions Agreement covers, inter alia, both the Initial Authorised Credit Facility Agreement (the “Initial ACF Agreement”) and the Borrower Loan Agreement.

• The Secured Creditors in respect of an Authorised Credit Facility shall only exercise their rights (including, for the avoidance of doubt, Entrenched Rights but excluding the Reserved Matters specified at paragraphs (a) to (f) (inclusive) of Schedule 3 (Reserved Matters)) through their appointed Secured Creditor Representative in accordance with the terms of the relevant Finance Document.

• The fixed rate borrowings, Authorised Credit Facility and Term Loan are secured.

More Definitions of Authorised Credit Facility

Authorised Credit Facility means any facility or agreement entered into by NWEN or the Issuer for Senior Debt as permitted by the terms of the CTA, the providers of which are parties to, or have acceded to, the STID and the CTA, and includes, without limitation, anyDSR Liquidity Facilities, the Capex Facility Agreement, the Issuer/NWEN Loan Agreements, the NWEN Programme Hedging Agreements and any other document entered into in connection with the foregoing facilities or agreements or the transactions contemplated in the foregoing facilities or agreements (excluding, however, the Dealership Agreement and the Common Agreements);