Existing Facility Agreements definition
Examples of Existing Facility Agreements in a sentence
The Corporation has provided lending facilities to the Borrower under the Existing Facility Agreements.
Other than the PPAs and Existing Facility Agreements under which an approval is required to obtained as a Condition Precedent under this Agreement, there are no share transfer restrictions and related lock-in obligations prescribed for the relevant Group SPVs requiring any Approval for the consummation of the Transaction.
Except for this Agreement, the Bond Documents, Existing Encumbrances created pursuant to the Existing Facility Agreements and the PPA Restrictions, there is no agreement, arrangement or obligation of any kind (and no authorization therefore has been given) obligating the Sellers or Group SPV to Transfer or create any Encumbrance upon the Equity Securities of the Group SPVs and no Claim has been made by any Person in writing to be entitled to any Encumbrance in respect of such Equity Securities.
To the extent that any security interests exist prior to the Effective Date in favor of any of the Agents under the Existing Facility Agreements or the Existing Guarantee Facility Agreement, each of the Parties agrees that such security interests shall be released and replaced with New Transaction Security containing a Security Interest in favor of the Common Security Agent.
Evidence satisfactory to the Agent that all sums owing under the Existing Facility Agreements have been or shall, simultaneously with first Utilisation under this Agreement, be repaid in full and all Security Interests granted in respect of the Existing Facility Agreements irrevocably discharged.