Authorised Credit Facility definition

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;

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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 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

• No consent of the Secured Creditors shall be required in respect of such selection of representations (which may have the effect of disapplying certain of the representations set out in Schedule 1 (Security Group Representations)) provided that the rights of such Secured Creditors (other than the relevant Authorised Credit Provider(s) in respect of such Authorised Credit Facility) are not affected.

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

• In accordance with the IACFA, each of the Borrower Security Group Agent and the Initial ACF Agent designates this Deed as a Borrower Finance Document, an Authorised Credit Facility and an Initial ACF Finance Document.

• Any mandatory prepayment or event of default in an Authorised Credit Facility (howsoever worded) in respect of any Obligor which is in addition to those set out in Schedule 6 (Events of Default) shall be unenforceable by any person, unless such prepayment would be a payment permitted by clause 11.1.1 or clause 11.1.2 (Undertakings of Secured Creditors) of the STID.

• The parties agree that any Permitted Financial Indebtedness to be provided to NWEN, SPV HoldCo or the Issuer (as applicable) under any Authorised Credit Facility provided by an Additional Secured Creditor shall not be drawn or take effect until the date specified in such Accession Memorandum as the date upon which such Accession Memorandum shall become effective.

• Subject to the terms of each Authorised Credit Facility, where an Authorised Credit Provider is under an obligation to make further advances to a Borrower and/or a WCF Borrower (as defined in the Initial Credit Facilities Agreement), such obligation will be deemed to be incorporated in this Security Agreement as if set out in this Security Agreement.

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, any

Authorised Credit Facility means any facility or agreement entered into by any Obligor for Secured 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 the Bonds, the Bond Trust Deed, the WC Facility, the Capex Facility, the Liquidity Facilities, the Hedging Agreements, each PP Note Purchase Agreement, the PP Notes 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 the Dealership Agreement, a Subscription Agreement or 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).