Credit Facility Commitment Letter definition

Credit Facility Commitment Letter means the commitment letter from Column, dated as of May 11, 2006, pursuant to which Column committed to provide a credit facility with an aggregate principal amount equal to the lesser of Seven Hundred Million Dollars ($700,000,000) and eighty-two and one half percent (82.5%) of the capitalized cost of the Acquisition, as amended, modified or supplemented from time to time in accordance with this Agreement, or, instead of such commitment letter, any substitute commitment letter or definitive agreement, entered into by the Morgans Parties or Holdings in accordance with Section 7.4, including, without limitation, any commitment letter regarding the financing contemplated by the Permanent Financing Term Sheet.
Sample 1
Credit Facility Commitment Letter means the commitment letter from BofA to SemGroup, L.P., dated March 27, 2006 under which BofA commits to make available a $725,000,000 Senior Credit Facility for use by the Surviving Corporation and a$75,000,000 Senior Credit Facility for use by TransMontaigne Partners.
Sample 1
Credit Facility Commitment Letter. Section 6.2 "Credit Facility Engagement Letter" Section 6.2 "Credit Facility Financing" Section 6.2 "Current Assets" Section 3.6.1 "Current Liabilities" Section 3.6.1 "Debt Payoff Amount" Section 3.1 "Earnout Agreement" Section 3.3 "Earnout Amount" Section 3.3 "Escrow Account" Section 3.1 "Escrow Agreement" Section 3.1 "ERISA Affiliate" Section 5.18.2 "Estimated Closing Statement" Section 3.6.2.1 "Estimated Net Working Capital" Section 3.6.2.2 "Estimated Working Capital Deficit" Section 3.6.2.3 "Estimated Working Capital Surplus" Section 3.6.2.3 "Exchange Act" Section 6.8 "Final Closing Statement" Section 3.6.4 "Final Tax Return" Section 7.10.3 "Financial Statements" Section 5.3.1.2 "Fully Diluted Shares" Section 1.2.40 "Hazardous Substance" Section 5.19 "Indemnified Party" Section 10.6 "Indemnifying Party" Section 10.6
Sample 1

Examples of Credit Facility Commitment Letter in a sentence

  • A true and complete copy of the Credit Facility Commitment Letter, the Credit Facility Engagement Letter and the Bridge Commitment Letter have been furnished to the Company.

  • The Company has received a commitment letter from Norwest Bank Texas, N.A. ("Norwest"), dated June 26, 1998 (the "Credit Facility Commitment Letter") pursuant to which Norwest has agreed to provide a $16 million senior secured term loan to IRA (the "Credit Facility"), upon the terms and conditions set forth in the Credit Facility Commitment Letter.

  • The Credit Facility Commitment Letter also provides that there must be no material adverse change in the business or financial condition of the Company from the condition described in its most recent financial statements presented to Norwest as of the date of the Credit Facility Commitment Letter, and there must be no material adverse change with respect to the collateral.

  • The Bridge Commitment Letter and the Credit Facility Commitment Letter shall not have been terminated by SunTrust or Merrill Lynch; provided, that the Buyer shall not be entitled to rely on this Section 8.19 unless it has fully complied with the provisions of Section 13.13.1.

  • The Credit Facility Commitment Letter provides that the Credit Facility must be closed on or before October 1, 1998.

  • Norwest would require the Company to deliver copies of audited annual financial statements and monthly borrowing base certificates within the time periods described in the Credit Facility Commitment Letter.

  • In the event the Credit Facility is not closed by such date, all of Norwest's obligations under the Credit Facility Commitment Letter automatically expire.

  • The cash required in connection with the Merger will be provided (i) by working capital of the Company and (ii) pursuant to the terms of a loan described in the Credit Facility Commitment Letter (as defined below).

  • Documents included in the Plan Supplement may include the form of the New Certificate of Incorporation and bylaws of Reorganized ACP, the Shareholders Agreement, the New Credit Facility Commitment Letter, the Standby Commitment Agreements, the Second Secured Notes Indenture, the New Subordinated Notes Indenture, the Warrant Agreement, the Management Compensation Plans, and the Forbearance Agreement, which in each case are in form and substance reasonably acceptable to the Standby Purchasers.

  • When acquired by Holdings pursuant to the Acquisition Agreements, the Acquired Assets will not have any lien, Encumbrance, defect or any other type of limitation or Loss resulting from, arising from or related to any actions or omissions of the Morgans Parties (other than as contemplated hereby or by the Credit Facility Commitment Letter or the Proposed Transaction Structure Chart).


More Definitions of Credit Facility Commitment Letter

Credit Facility Commitment Letter means the commitment letter from Column Financial, Inc., dated as of May 11, 2006, pursuant to which Column Financial committed to provide a credit facility with an aggregate principal amount equal to the lesser of Seven Hundred Million Dollars ($700,000,000) and eighty-two and one half percent (82.5%) of the capitalized cost of the Acquisition, as amended, modified or supplemented from time to time in accordance with this Agreement, or any substitute commitment letter or definitive agreement, entered into by the Morgans Parties or Holdings in accordance with Section 7.4.
Sample 1

Related to Credit Facility Commitment Letter

  • Equity Commitment Letter has the meaning set forth in Section 4.5.

  • 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.

  • Equity Commitment Letters has the meaning set forth in Section 6.6(a).

  • 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.

  • Equity Commitment (a) options, warrants, convertible securities, exchangeable securities, subscription rights, conversion rights, exchange rights, or other Contracts that could require a Person to issue any of its Equity Interests or to sell any Equity Interests it owns in another Person; (b) any other securities convertible into, exchangeable or exercisable for, or representing the right to subscribe for any Equity Interest of a Person or owned by a Person; (c) statutory pre-emptive rights or pre-emptive rights granted under a Person’s Governing Documents; and (d) stock appreciation rights, phantom stock, profit participation, or other similar rights with respect to a Person.

  • 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.

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $50,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Debt Commitment Letter has the meaning set forth in Section 6.6.

  • 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.

  • New Credit Facility is defined in Section 9.8.

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

  • Debt Commitment Letters shall have the meaning set forth in Section 5.7(a), as supplemented by Section 6.11, as applicable.

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

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

  • 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.

  • Financing Commitment means documentation provided by a third party extending monies for the purpose of supporting the proposed Project in a manner that outlines the terms and conditions of borrowings, grants and other financing instruments. Terms and conditions should be reflective of terms under which all parties are willing to close and fund. There should be no Material Changes to stated terms without documented cause between the issuance of a commitment and closing. Material Changes must be submitted to ADOH for approval in accordance with Section 5.5 of this Plan.

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

  • Financing Commitments has the meaning set forth in Section 5.7.

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

  • Commitment Letters has the meaning set forth in Section 4.5(b).

  • Commitment Agreement means the written agreement that may be required at EDTI’s sole discretion between a Customer and EDTI whereby the Customer both authorizes the design and construction of new or expanded Facilities and agrees to pay all cancellation costs if the project is cancelled or if the Customer fails to sign an Electric Service Agreement prior to the energization of the new or expanded Facilities;

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

  • 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.

  • 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.

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.