Examples of Credit Suisse Loan in a sentence
Under this analysis, the $450,000,000 Credit Suisse Loan was a debt of RP, not GAF.
It emerged from these studies that if all countries involved had signed the Universal Declaration of Human Rights and the CEDAW, they were yet to implement them.
The Credit Agreement also provided that an Event of Default regarding the Credit Suisse Loan would occur in the event of (i) RP’s failure to honor the guarantee in the Guarantee Agreements, (ii) the failure of RPSA, RPSC, RPI, or any RPI subsidiary to timely pay principal or interest on any indebtedness exceeding $50 million, or (iii) the bankruptcy or insolvency of RPSA, RPSSLP, RPSC, RPI, or any RPI subsidiary.
The Credit Agreement also provided that CHC Capital Trust’s failure to perform or observe any covenant contained in § 5.02 thereof was an Event of Default regarding the Credit Suisse Loan.
The Credit Agreement further provided that a Liquidating Event under the Partnership Agreement was an Event of Default under the Credit Suisse Loan.
Accordingly, their collective capital account balance was not expected to fall below$463,050,000, which exceeded the $459,234,375 principal amount of the Credit Suisse Loan.(235) The Credit Suisse Loan Credit Agreement provided that CHC Capital Trust’s failure to timely pay interest, principal, or any other amount payable with respect to the Credit Suisse Loan was an Event of Default.
This expectation was met, as the annual interest due on the Credit Suisse Loan, as fixed by the Citibank Swap, was approximately $42 million, which was less than the annual amount of the Class A priority return distribution of approximately$44.7 million.
This deficit capital account makeup provision provided further assurance that GAF’s and Citibank’s collective capital account in RPSSLP would not fall below the principal amount of the Credit Suisse Loan.
The parties have stipulated to this definition: the “1990 Transactions” are a set of transactions conducted on February 12, 1990, “including the formation of RPSSLP, the Credit Suisse Loan, the Guarantee Agreements, and the Put Agreement.” (Final Pretrial Order Stip.
In connection with entering into the Merger Agreement, we entered into a debt commitment letter (the “Commitment Letter”), dated as of November 18, 2018, with JPMorgan Chase Bank, N.A., Credit Suisse AG and Credit Suisse Loan Funding LLC, pursuant to which such financial institutions have committed to provide $3.29 billion of bridge financing for the Acquisition (the “Bridge Facility”).