Examples of Cash Bridge Facility in a sentence
Paragraph 1(b)(xix), Schedule 15 Cash Bridge Facility Basket To be removed.
The Arrangers and the Administrative Agent will have, subject to the other terms and provisions of this Commitment Letter, the rights and authority customarily given to financial institutions in such roles with respect to the Cash Bridge Facility.
Bank of America and MLPFS will appear on the “left” of the cover page of any offering or marketing document or other offering or marketing materials related to the Cash Bridge Facility and will hold the leading roles, rights and, subject to the other terms and provisions of this Commitment Letter, authority customarily given to financial institutions with such “left” placement and Wells Fargo Bank and Wells Fargo Securities shall appear immediately to the right of Bank of America and MLPFS.
The Arrangers intend and reserve the right to syndicate the Cash Bridge Facility to banks, financial institutions and institutional lenders, which syndication may occur in one or more stages.
It is understood that, except as otherwise agreed by you and us, no Lender participating in the Cash Bridge Facility will receive compensation from you in order to obtain its commitment, except on the terms contained herein and in the Term Sheet.
The Cash Bridge Facility will mature on the date falling 364 days from the initial utilization date.
For purposes hereof, “Specified Representations” means the representations and warranties provided by the Borrower in respect of itself relating to organization, requisite power, authority and qualification, due authorization and delivery, and enforceability of the Cash Bridge Facility Documentation, no conflicts with charter documents, Investment Company Act, margin stock, the Act (as defined below), OFAC and other similar money laundering laws and use of proceeds not in violation of the FCPA.
Under the terms and subject to the conditions of the Debt Commitment Letter, Credit Suisse committed to arrange and underwrite the Term Loan Facility in the amount of up to US$40,000,000 and the Cash Bridge Facility in the amount of up to US$40,000,000 to Parent to finance the Merger.
The commitments under the Commitment Letter with respect to the Cash Bridge Facility remain outstanding.
On November 16, 2014, Actavis obtained a commitment letter (the “Commitment Letter”) from certain financial institutions party thereto (the “Commitment Parties”) pursuant to which the Commitment Parties agreed to provide, subject to certain conditions, the entire principal amount of the Cash Bridge Facility and commitments for certain other portions of the debt financing for the Acquisition that have been replaced by the Bridge Credit Agreement and the Term Loan Credit Agreement.