Credit Facility Debt definition

Credit Facility Debt means Indebtedness of a Credit Facility Entity outstanding under one or more Credit Facilities.

Credit Facility Debt means any debt for borrowed money that (i) is incurred pursuant to a credit agreement, including pursuant to the Revolving Credit Facility, or other agreement providing for revolving credit loans, term loans or other debt entered into between the Company or any Subsidiary of the Company and any lender or group of lenders and (ii) has an aggregate principal amount outstanding or committed of (a) at least $25.0 million, at any time that any Existing Notes remain outstanding, or (b) at least $100.0 million at any time that no Existing Notes remain outstanding.

Credit Facility Debt means any debt of the Company for borrowed money that (i) is incurred pursuant to a credit agreement, including pursuant to the Senior Credit Facility, or other agreement providing for revolving credit loans, term loans or other long-term debt entered into between the Company and any lender or group of lenders and (ii) has an aggregate principal amount outstanding or committed of at least $20.0 million.

Examples of Credit Facility Debt in a sentence

• The Credit Facility Debt shall continue to be treated as Credit Facility Debt and the provisions of this Article XI shall continue to govern the relative rights and priorities of the Credit Facility Agent and the Credit Facility Secured Parties and the Trustee and the Holders even if all or part of the Credit Facility Debt or the Liens securing same are subordinated, set aside, avoided, invalidated or disallowed in connection with any Proceeding.

• The Trustee and each Holder agrees, upon request of the Credit Facility Agent at any time and from time to time, to execute such other documents or instruments as may be requested by the Credit Facility Agent further to evidence of public record or otherwise the senior priority of the Credit Facility Debt as contemplated hereby.

• Until the Discharge of all Credit Facility Debt, neither the Trustee nor any Holder shall have any right of subrogation, reimbursement, restitution, contribution or indemnity whatsoever from any assets of Hancock or any other Loan Party or any provider of collateral security for the Credit Facility Debt.

• Except as otherwise specifically permitted in this Article XI, until Discharge of all Credit Facility Debt, neither the Trustee nor any Holder shall assert, without the prior written consent of Credit Facility Agent, any claim, motion, objection or argument in respect of all or any part of the Collateral in connection with such Proceeding which could otherwise be asserted or raised in connection with such Proceeding by the Trustee or such Holder as a secured creditor of any Loan Party.

• However, if on or after the date of the Supplemental Indenture, any of the Company’s Subsidiaries incurs or guarantees obligations under the Revolving Credit Facility or incurs or guarantees obligations under any other Credit Facility Debt or Capital Markets Debt of the Company or any future Guarantor, such Subsidiary would be required to guarantee the Notes on a senior unsecured basis.

More Definitions of Credit Facility Debt

Credit Facility Debt means any debt for borrowed money that (i) is incurred pursuant to a credit agreement, including pursuant to the Revolving Credit Facility, or other agreement providing for revolving credit loans, term loans or other debt entered into between the Company or any Subsidiary of the Company and any lender or group of lenders and (ii) has an aggregate principal amount outstanding or committed of at least $25.0 million.

Credit Facility Debt means any and all amounts payable under or in respect of Senior Bank Facilities, including principal, premium, if any, interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Issuer or the Company whether or not a claim for post-filing interest is allowed in such proceeding), fees, charges, expenses, reimbursement obligations, guarantees and all other amounts payable thereunder or in respect thereof, in an aggregate principal amount not to exceed $340 million at any one time outstanding.

Credit Facility Debt means, as of any date, the amount of Obligations (as that term is defined in the Credit Facility Agreement) outstanding on such date.

Credit Facility Debt means all principal, interest, fees (including any prepayment fees or premiums), costs, enforcement expenses (including legal fees and disbursements), collateral protection expenses, other reimbursement or indemnity obligations and all other obligations, liabilities and indebtedness of every kind, nature and description created or evidenced by the Credit Facility Loan Agreement or any of the other Credit Facility Document or any prior, concurrent, or subsequent notes, instruments or agreements of indebtedness, liabilities or obligations of any type or form whatsoever relating thereto in favor of the Credit Facility Agent or any of the Credit Facility Secured Parties. Credit Facility Debt shall expressly include any and all interest accruing or out of pocket costs or expenses incurred after the date of any filing by or against Hancock or the Loan Parties of any petition under any Bankruptcy Law, regardless of whether the Credit Facility Agent’s or any Credit Facility Secured Party’s claim therefor is allowed or allowable in the case or proceeding relating thereto.

Credit Facility Debt means any debt for borrowed money of the Issuer or any of the Subsidiaries that (a) is incurred pursuant to a credit agreement, including pursuant to the Senior Unsecured Credit Agreement, the CAD Note, or other agreement providing for revolving credit loans, term loans or other debt entered into between the Issuer or any of the Subsidiaries and any lender or group of lenders and (b) has an aggregate principal amount outstanding or committed of (i) at least $25 million, at any time that any Existing Notes remain outstanding, or (ii) at least $50 million at any time that no Existing Notes remain outstanding.

Credit Facility Debt means all amounts owing to the Credit Facility Lenders on account of principal pursuant to and under the Credit Agreement as at the relevant time;

Credit Facility Debt has the meaning provided in the Indenture.