Bridge Facility Amount definition

Bridge Facility Amount means, at any time, the lesser of (a) US$2,500,000,000 and (b) the maximum principal amount of the bridge loan facility referred to in, and as determined at such time under, the Bridge Commitment Letter.
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Bridge Facility Amount. $3.3 billion senior unsecured bridge loan. Use of Proceeds: To fund in part the consummation of the Reorganization Plan. Maturity: The Bridge Facility will mature on the date that is one year following the Closing Date (the "Maturity Date"). If the Bridge Facility has not been repaid in full on or prior to the Maturity Date, the Bridge Facility shall automatically be converted (the date on which the Bridge Facility is so converted is hereinafter referred to as the "Conversion Date"), subject to certain conditions to be agreed upon, including there being no default under the Bridge Facility, to a senior unsecured term loan (the "Converted Term
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Bridge Facility Amount means, at any time, the lesser of (a) US$2,500,000,000 and (b) the maximum principal amount of the bridge loan facility referred to in, and as determined at such time under, the Bridge Commitment Letter. “Bridge Lender” means a Lender with a Bridge Commitment or an outstanding Bridge Loan. “Bridge Loan” means a Loan made by a Lender to the Company pursuant to Section 2.19 and the Bridge Facility Agreement. “Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed; provided that (a) when used in connection with a LIBOR Loan denominated in any currency or any Letter of Credit denominated in any LC Currency (other than US Dollars or Canadian Dollars), the term “Business Day” shall also exclude any day on which banks are not open for dealings in deposits denominated in such currency in the London interbank market or any day on which banks in London are not open for general business, and (b) when used in connection with a CDOR Loan or any Letter of Credit denominated in Canadian Dollars, the term “Business Day” shall also exclude any day on which banks are not open for dealings in deposits in Toronto. “Canadian Dollars” or “CAD$” means the lawful money of Canada. “Capital Lease” means, with respect to any Person, any lease of (or other agreement conveying the right to use) any real or personal property by such Person that, in conformity with GAAP, is accounted for as a capital lease on the balance sheet of such Person. “Capital Securities” means, with respect to any Person, all shares, interests, participations or other equivalents (however designated, whether voting or non- voting) of such Person’s capital, including common shares, preferred shares, membership interests in a limited liability company, limited or general partnership interests in a partnership or any other equivalent of such ownership interest; provided that “Capital [[3851767]]
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Examples of Bridge Facility Amount in a sentence

  • In July 1999, the first conflict arose over the furniture allowance palaver (Fatile and Adejuwon 2016).

  • Bridge Facility Amount: $3.3 billion senior unsecured bridge loan.

  • Xxxxx Its Vice President Address: 900 Xxxxxxx Xxxxxxx, 0xx xxxxx Xxxxxxx, Xxxxxxx 00000 Attn: Sxxxx Xxxxxxx Telephone: 700-000-0000 Telecopier: 700-000-0000 Revolving Facility Amount: $6,250,000 Revolving Facility Percentage: 25.0% Term Facility Amount: $4,000,000 Term Facility Percentage: 25.0% Bridge Facility Amount: $4,750,000 Bridge Facility Percentage: 25.0% THE CIT GROUP/EQUIPMENT FINANCING, INC.

  • Although we acknowledge that Appellants are proceeding pro se in this appeal, as we have previously stated, pro se litigants are “not entitled to any particular advantage because [they] lack legal training.” Savannah v.

  • The proposer shall demonstrate experience in providing ongoing information on the status of the insurance industry and the status of legislation, case law, regulation or other developments that can or could have an effect on CCSNH’s overall insurance package.

  • On the first day following the first exercise (if any) of the Extension Option: 0.20% flat on the Bridge Facility Amount.

  • Each Lender agrees, severally but not jointly, to make a single advance (each a "Bridge Advance") on the Funding Date to the Borrower in the amount of each Lender's Bridge Facility Amount on the terms and subject to the conditions herein set forth.

  • On the first day following the second exercise (if any) of the Extension Option: 0.25% flat on the Bridge Facility Amount.

  • Commitment Fee: 0.35% per annum on the daily un-drawn portion of the Bridge Facility Amount from the Bridge Facility Agreement Date and ending on the last day of the Availability Period in respect of the Bridge Facility, payable on the last day of the Availability Period in respect of the Bridge Facility in arrears.

  • Xxxxxxx Its Vice President Address: 100 Xxxx Xxxxxx Xxxxxx Xxxxxxx, XX 00000 Attn: Cxxxx Xxxxxx Telecopier: (000) 000-0000 Revolving Facility Amount: $6,250,000 Revolving Facility Percentage: 25.0% Term Facility Amount: $4,000,000 Term Facility Percentage: 25.0% Bridge Facility Amount: $4,750,000 Bridge Facility Percentage: 25.0% HXXXXX TRUST AND SAVINGS BANK By _____________________________ Cxxxx Xxxxxx Its Vice President Address: 600 Xxxxxxxx Xxxxxx, Suite 8074 Detroit, Michigan 48226 Attn: Mxxxxxxxxx X.


More Definitions of Bridge Facility Amount

Bridge Facility Amount means, with respect to each Lender, the amount designated as such opposite that Lender's name on the signature page hereof. Bridge Floating Rate means an annual rate equal to the sum of the Base Rate plus three percent (3%), which rate shall change when and as the Base Rate changes.
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Bridge Facility Amount means €1,575,000,000 (a) less (without duplication) (1) the aggregate principal amount of the Securities offered hereby and (2) the amount of any reduction in undrawn commitments under the Bridge Facility Agreement (whether by reason of the termination of the Sale and Purchase Agreement for an Acquisition or otherwise) and (3) the amount of any mandatory prepayments of Indebtedness Incurred under the Bridge Facility permanently reducing commitments thereunder (but not including mandatory prepayments as a result of the issuance of Bridge Exchange Notes), (b) plus in the event an Acquisition Termination Event occurs, an amount equal to the Indebtedness Incurred under the Bridge Facility Agreement (1) in connection with the payment of a distribution specified in Section 4.06(c)(16) and/or (2) to repurchase Securities tendered in the Acquisition Termination Repurchase Offer.
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Related to Bridge Facility Amount

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Available Facility Amount is defined in Section 2.2(a).

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Bridge Facility means the Commitments and any Advances made thereunder.

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being €300,000,000 at the date of this Agreement.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Revolving Commitment Amount means $125,000,000, as reduced from time to time pursuant to Section 6.1.

  • Total Commitment means the sum of the Commitments of the Lenders.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Facility A Commitment means, with respect to each Facility A Lender, the commitment, if any, of such Lender to make Facility A Revolving Loans and to acquire participations in Facility A Letters of Credit, Facility A Protective Advances and Facility A Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility A Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility A Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility A Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility A Commitments is $150,000,000.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • LC Commitment Amount means $600,000,000 as the same may be reduced permanently from time to time pursuant to Section 2.08.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • New Credit Facility is defined in Section 9.8.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.