Bulge Facility definition

Bulge Facility has the meaning set forth in Section 2.1(a) hereof.
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Bulge Facility means the term facility established to provide up to CDN$400,000,000 or the U.S. Dollar equivalent thereof of financing in connection with the Atlantica Acquisition for the payment of the purchase price and transaction-related expenses.
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Bulge Facility means a short-term operating or revolving credit or loan facility from a single lender (which lender may be RBC, which case such facility shall be in excess of or in addition to the RBC Facility) used to fund a product demand from a third party vendor to meet a customer order of the Debtor, the terms of which facility provide for the retirement of the funding out of the proceeds of payment by such customer.
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Examples of Bulge Facility in a sentence

  • The proceeds of the Loans and Letters of Credit will be used only for general corporate purposes (other than for any Hostile Acquisition), provided that the proceeds of the Loan under the Bulge Facility will be used only in connection with the financing of the Atlantica Acquisition, including satisfaction of the purchase price in accordance with the terms of the Atlantica Purchase Agreement.

  • The commitment to extend the Bulge Facility shall expire on the expiry of the Bulge Facility Availability Period.

  • At any time except during the Bulge Facility Availability Period, if the sum of the total Revolving Credit Exposures exceeds the Commitment Amount by 105% at any time, solely as a result of currency fluctuations or otherwise, the Borrower shall promptly prepay the Loans (or cash collateralize Letters of Credit if all Loans are prepaid and any such excess still exists) by the amount of such excess.

  • Subject to the other terms and conditions of the Credit Agreement, the periods during which the Base Facility, Seasonal Facility and Bulge Facility are available shall be determined in accordance with the Revolving Credit Commitment and Section 2.1(a) of the Credit Agreement.

  • The provisions of Sections 2.13, 2.14, 2.15, 8.01, 8.03, 8.08 and 8.09 shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Revolving Credit Facility or the Bulge Facility or the termination of this Agreement or any provision hereof.

  • For certainty, the Loan made under the Bulge Facility may only be converted or continued prior to the Bulge Facility Maturity Date.

  • The single advance under the Bulge Facility shall be made by way of LIBOR Loan.

  • During the Bulge Facility Availability Period only, if the sum of the Revolving Credit Exposures and the Bulge Revolving Credit Exposure exceeds the Commitment Amount by 105% at any time, solely as a result of currency fluctuations or otherwise, the Borrower shall promptly prepay the Loans (or cash collateralize Letters of Credit if all Loans are prepaid and any such excess still exists) by the amount of such excess.