DNB Facility definition

DNB Facility means that certain NOK 600,000,000 Multi-Currency Revolving Credit Facility Agreement dated December 27, 2012 by and among Gulfmark Rederi AS, as borrower, the financial institutions party thereto, as lenders, and DNB Bank, ASA as arranger and agent.
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Examples of DNB Facility in a sentence

  • You must complete it yourself and then collect the results of two evaluators who fill it out with you in mind.

  • DNB Facility In April 2023, we amended our $150.0 million bilateral facility provided by DNB Bank ASA, increasing the facility to $175.0 million.

  • Pursuant to the $300 Million DNB Facility Loan Documents, the $300 Million DNB Facility Secured Parties were granted (a) first priority liens on, and security interests in, the Rigs West Castor and West Tucana, (b) assignments of earnings, earnings accounts, and insurance policies with respect to West Castor and West Tucana and (c) share charges over shares of each drilling unit owner (collectively, the “$300 Million DNB Facility Collateral”).

  • The $300 Million DNB Facility Credit Agreement provided for the $60 million Eksportkreditt GIEK Facility, $90 million Eksportkreditt Commercial Facility, $90 million DNB Xxx XXXX Facility and $60 million Contract Facility (each as defined in the $300 Million DNB Facility Credit Agreement).

  • A significant part of the proceeds obtained from notes issuance and private placement have been applied to repay our previously outstanding secured borrowings, being the Company’s $175 million DNB Facility, $195 million Hayfin Facility, shipyard delivery financing arrangements with OPPL and PPL, the Company’s $150 million Norwegian law senior secured notes, and related premiums, fees, accrued interest and expenses, in connection with the foregoing.

  • Initially, the DNB Facility provided a US$ 150 million facility, which was increased to US$ 175 million by an amendment agreement in April 2023.

  • The Company is currently restricted from paying any dividends pursuant to the USD 450 million DNB Facility.

  • The DNB Facility agreement also contains various covenants, including, among others, restrictions on incurring additional indebtedness and entering into and investing in joint ventures; covenants subjecting dividends to certain conditions which, if not met, would require the approval of our lenders prior to the distribution of any dividend; restrictions on the repurchase of our Shares; and restrictions on changing the general nature of our business.

  • Our DNB Facility agreement also contains customary events of default which include non-payment, cross default, change of control, breach of covenants, insolvency and changes which have or are likely to have a material adverse effect on the relevant obligor’s business, ability to perform its obligations under the DNB Facility agreement or security documents or jeopardize the security provided thereunder.

  • In addition, the DNB Facility contains a “Most Favored Nation” clause giving the lenders i.a. a right to amend the financial covenants to reflect any more lender- favorable covenants in any other agreement pursuant to which loan or guarantee facilities are provided to us.

Related to DNB Facility

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • New Facility means a property previously undeveloped which is placed into service by means other than or in conjunction with expansion or modernization.

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • Holding facility means a designated area for the retention of

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Marihuana facility means a location at which a licensee is licensed to operate under the medical marihuana facilities licensing act.

  • Triage facility means a short-term facility or a portion

  • Electric Facility means a Generator or an electric transmission facility.

  • Clean coal facility means an electric generating

  • Clean coal SNG facility means a facility that uses a

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Energy facility means an energy plant or transmission

  • Bank Facility means any credit agreement, including the Credit Agreement dated June 28, 2012 among Bank of America, N.A., Equinix, Inc. and the guarantors party thereto, as amended, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Company as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

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

  • Common Facility Means a place where tenants utilise the same equipment such as kitchen, laundry meeting room and or car park.

  • Air navigation facility means any facility, other than one owned and operated by the United States, used in, available for use in, or designed for use in aid of air navigation, including any structures, mechanisms, lights, beacons, markers, communicating systems, or other instrumentalities or devices used or useful as an aid, or constituting an advantage or convenience to the safe taking off, navigation, and landing of aircraft, or the safe and efficient operation or maintenance of an airport, and any combination of any or all of such facilities.

  • Facility or Facilities means any tangible asset in the right-of-way required to provide utility service.

  • Term B Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term B Commitments at such time and (b) thereafter, the aggregate principal amount of the Term B Loans of all Term B Lenders outstanding at such time.

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

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