Credit Facility Amendment definition

Credit Facility Amendment has the meaning set forth in Section 6.10(b).
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Credit Facility Amendment means the Seventh Amendment to the Credit Facility, dated as of the date hereof.
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Credit Facility Amendment means an amendment to the Credit Facility in form and substance satisfactory to the Purchasers that (i) permits the issuance of Preferred Shares and declaration and payment of dividends (and the setting aside of funds for such purpose) as required hereunder and under the Certificate of Designation, (ii) amends the provision regarding minimum current ratio described in Section 5.15(a) of the Credit Facility so that such provision requires a ratio of not less than 1.00 to 1.00 and (iii) prohibits any decrease in the amount of the Borrowing Base (as such term is defined in the Credit Facility) until the first anniversary of the Closing Date.
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Examples of Credit Facility Amendment in a sentence

  • Pursuant to the Credit Facility Amendment No. 2, C-III agreed to become a lender under the Credit Facility and to provide an Incremental Term Loan under the existing terms and conditions of the Credit Facility, as amended by Credit Facility Amendment No. 2.

  • In consideration of C-III providing the Incremental Term Loan and Colony consenting to the Credit Facility Amendment No. 2, we entered into an Exclusivity Agreement with Colony and C-III pursuant to which Colony and C-III had the exclusive right for a period of thirty days commencing on October 16, 2011, and subject to two consecutive thirty day extensions under certain circumstances, to pursue a strategic transaction with respect to the Company.

  • On October 16, 2011, we entered into the Credit Facility Amendment No. 2 increasing from $18.0 million to $28.0 million the size of our Credit Facility.

  • The Current Holders hereby consent to the execution and delivery of the Credit Facility Amendment and the Other Purchase Agreement Amendments to the extent that such consent is required under the terms of the Financing Documents.

  • In furtherance of the transactions contemplated by the Credit Facility Amendment No. 2, C-III acquired $4.0 million of Colony’s interest in the Credit Facility, and an agreed upon share of the Existing Warrants.

  • However, after completion of the Recapitalization Transaction, including the Credit Facility Amendment, the Corporation expects that all short term liquidity requirements (for the next 12 months) will be fully funded with or without the exercise of Rights by the holders of Common Shares.

  • The provisions of this paragraph shall survive closing of the Senior Credit Facility Amendment, the Accordion Increase and any termination of this Commitment Letter.

  • In connection with the Recapitalization Transaction, the Corporation has also reached an agreement in principal with the lenders under the Credit Facility whereby such lenders have agreed, subject to the satisfaction of certain conditions, including the concurrent completion of the Recapitalization Transaction, to maintain the current borrowing base at US$177.5 million and extend the maturity date of the Credit Facility to June 2023 (the "Credit Facility Amendment").

  • In the event the Private Placements and the Share Exchange were not part of the Recapitalization Transaction, the maximum proceeds of the Rights Offering would not be expected to be sufficient (on their own) to complete the Credit Facility Amendment and in turn, address all of the Corporation's short-term liquidity requirements.

  • The costs incurred in connection with the 2027 Notes issuance and the Revolving Credit Facility Amendment, together with previously deferred debt issuance costs associated with the Revolving Credit Facility, have been deferred and will be amortized as interest expense over the terms of the respective instruments.


More Definitions of Credit Facility Amendment

Credit Facility Amendment means that certain Consent and Amendment No. 3 to the Revolving Credit Facility Agreement, in form and substance reasonably satisfactory to Purchasers, to be entered into at or prior to Closing among BCEOC, BNP Paribas, as administrative agent, and the lenders party thereto, which permits the transactions contemplated by this Agreement and the Transaction Documents.
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Credit Facility Amendment means the First Amendment and Waiver Agreement dated as of December 13, 2002 to the Credit Facility substantially in the form attached hereto as Exhibit A.
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Related to Credit Facility Amendment

  • Incremental Facility Amendment has the meaning assigned to such term in Section 2.20(f).

  • 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.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • Credit Facility Agreement means the Credit Facility and Reimbursement Agreement dated as of January 1, 2007, between the Bond Bank and the Bank providing for the timely payment, when due, of a portion of the principal of and interest on the Notes, all subject to such conditions and under such terms as described in Article X of the Indenture.

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Existing Credit Facility means that certain Credit Agreement, dated as of December 6, 2012, by and among the Borrower, certain Subsidiaries of the Borrower, the lenders party thereto and Bank of America, N.A. as administrative agent, as amended, restated or otherwise modified from time to time prior to the date hereof.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving Credit Facility.

  • New Credit Facility is defined in Section 9.8.

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Incremental Commitment Agreement means each Incremental Commitment Agreement in the form of Exhibit R (appropriately completed) executed and delivered in accordance with Section 2.14.

  • Refinancing Amendment means an amendment to this Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Borrower executed by each of (a) the Borrower and Holdings, (b) the Administrative Agent and (c) each Additional Lender and Lender that agrees to provide any portion of the Credit Agreement Refinancing Indebtedness being incurred pursuant thereto, in accordance with Section 2.21.

  • Credit Facility Documents means the collective reference to any Credit Facility, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any New Term Loans which shall be consistent with the applicable provisions of this Agreement relating to New Term Loans otherwise satisfactory to the Agent and the Borrower.

  • Refinancing Commitments shall have the meaning provided in Section 2.14(h).

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Credit Facility Agent means the then acting Agent as defined in and under the Credit Facility or any successor thereto.

  • Term Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

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

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.