Examples of BofA Agreement in a sentence
Shortly after the Petition Date, BofA notified the Debtors that it intended to terminate the credit card program pursuant to the terms of the BofA Agreement.
Upon termination of the BofA Agreement, BofA will remit to the Debtors the $1,155,000 held as collateral by BofA, which the Debtors will use to collateralize the JPMorgan Credit Card Program.
Use the proceeds of the Credit Extensions (a) to refinance outstanding Indebtedness under the Existing PNC Credit Agreement and the BofA Agreement, (b) to finance working capital, capital expenditures, acquisitions, redevelopment, joint ventures, note purchases, Mezzanine Debt Investments and construction and (c) for other general corporate purposes; provided that in no event shall the proceeds of the Credit Extensions be used in contravention of any Law or of any Loan Document.
Receipt by the Administrative Agent of evidence that prior to or concurrently with the Closing Date: (i) all amounts owing under the Existing PNC Credit Agreement have been paid in full and the Existing PNC Credit Agreement and all commitment thereunder are terminated and (ii) the revolving commitments under the BofA Agreement are terminated and all amounts outstanding in connection therewith are paid in full.
GPA would still need to deal with BofA Agreement to acquire control of the remainder of the Bond Reserve Fund.
The Company has evaluated all events or transactions that occurred after December 28, 2019 through the date of this Annual Report on Form 10-K except as set forth herein Loan AmendmentsFollowing the end of the period covered by this report, the Company and Summer Infant(USA), Inc., as borrowers, entered into amendments to each of the Restated BofA Agreement and the Term Loan Agreement as described below.
Amendments to Restated BofA Agreement.On January 17, 2020, the Company and Summer Infant (USA), Inc., as borrowers, entered into Amendment No. 3 to the Restated BofA Agreement (the ‘‘BofA Amendment No. 3’’).
Receipt by the Administrative Agent of evidence of effectiveness of the BofA Agreement and the Key Agreement substantially concurrently with this Agreement on the Closing Date.
As used in this Agreement, the "Term" shall mean the period from the date hereof to the later of (i) 60 calendar days after the date of this Agreement and (ii) the expiration of the term of the BofA Agreement; provided, that in no event shall the Term of this Agreement extend beyond March 31, 2009; provided, further, that this Agreement may be sooner terminated pursuant to Paragraph 10 hereof.
Create, incur, assume or suffer to exist any Indebtedness, except: 69 CHAR1\2011656v6 (a) (i) Indebtedness under the Loan Documents, (ii) Indebtedness incurred under the BofA Agreement, (iii) Indebtedness incurred under the PNC Agreement and (iv) Indebtedness under the Capital One Agreement.