Examples of Credit Facility in a sentence
Each new Borrower added to the Credit Facility after the addition of five (5) new Borrowers shall pay a new Borrower’s fee in the amount of $1,500 to the Administrative Agent, provided that the Administrative Agent may, in its sole discretion, waive the requirement to pay such fee.
Permitted Revolving Credit Facility $100.0M No obligors or collateral that are not obligors or collateral, as applicable, under the existing term loans (Sections 8.2(n)(ii)\ and 8.3(gg)) Same debt capacity as existing, but lien basket increased to $125.0M $125.0M to be used for ABL/RCF basket.
All repurchases, retirements, redemptions or repayment of the Notes by the Issuer, whether by mandatory repurchase or voluntary repurchase (and regardless of method) must solely be for cash consideration, which is not financed by the incurrence of Indebtedness (other than proceeds of borrowings under the ABL Credit Facility).
In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows: The First Revolving Credit Facility Commitments (as defined in the Commitment Letter (as defined below)) will initially be reduced by a dollar amount equivalent to such Xxxxxx’s Commitment hereunder for such time as this Facility remains outstanding.
When this Facility is either cancelled or repaid in full in accordance with this Agreement, each Lender shall make available a commitment under the First Revolving Credit Facility (as defined in the Commitment Letter) in an amount equal to the amount set out in Schedule 3 against its name, and each such Lender will execute an increase confirmation or other documentation in accordance with the terms of the Refinancing Facilities Agreement to evidence such commitments.