Examples of Bank Revolving Credit Agreement in a sentence
Except for the Wachovia Bank Revolving Credit Agreement dated June 16, 1999, the execution, delivery and compliance with the performance by the Corporation of this Agreement does not and will not (1) conflict with or result in a breach of the terms, conditions and provisions of any contractual obligation, (2) result in the creation of any, material lien, security interest, charge or encumbrance upon the Corporation's capital stock or assets.
Unless otherwise defined herein or amended hereby, capitalized terms used herein which are defined in the Security Agreement or the Bank Revolving Credit Agreement are used herein as therein defined.
The Borrower shall notify the Lender in writing promptly following the occurrence of any Event of Default, as defined in any of the Bank Revolving Credit Agreement, the Foreign Asset-Based Term Loan Agreement, the Term Loan Agreement, the 2020 Term Loan Agreement and the indentures for the 2021 Notes and the 2024 Notes (each as defined in the Bank Revolving Credit Agreement).
Establishing the PNC Bank Revolving Credit Agreement facilitates the ease and speed in which funds can be accessed directly from PNC Bank when needed to fund capital improvement projects that have time sensitive construction schedules.
Unless otherwise defined herein or amended hereby, capitalized terms used herein which are defined in the Pledge Agreement, as amended at any time and from time to time hereafter, or the Bank Revolving Credit Agreement, are used herein as therein defined.
In addition, the Company's Bank Revolving Credit Agreement and other term loans require the maintenance of minimum consolidated stockholders' equity, which restricts the amount of dividends the Company may pay.
The Borrower shall notify the Lender in writing promptly following the occurrence of any Event of Default, as defined in any of the Bank Revolving Credit Agreement, the Foreign Asset-Based Term Loan Agreement, the Term Loan Agreement, the 2019 Term Loan Agreement and the indentures for the 2021 Notes and the 2024 Notes (each as defined in the Bank Revolving Credit Agreement).
In April 2020, the District borrowed $100.0 million against the US Bank Revolving Credit Agreement to meet short-term seasonal fluctuations in working capital.
Upon any assignment by a Secured Party of its interest under an Assignment and Acceptance pursua nt to the Bank Revolving Credit Agreement, the Collateral Agent, acting in the name and on behalf of the Secured Parties, shall ensure that the subsequent transfer of the Pledge and the annotations referred to below are duly made and that the relevant formalities are complied with in accordance with mandatory requirements of Italian law so as to perfect such transfer in favor of the assignee.