French Facility definition

French Facility means the revolving credit facility made available to French FleetCo by the French Lender subject to, and in accordance with, the relevant terms of the French Facility Agreement.

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French Facility has the meaning ascribed to it in Section 2.1(b).

French Facility means, collectively, the French Commitment and the extensions of credit made thereunder.

Examples of French Facility in a sentence

The terms of this Agreement will not be waived, altered, modified, amended, supplemented or terminated in any manner whatsoever unless the same shall be in writing and signed and delivered by the Lessor, the Servicer, the French Security Trustee and each Lessee, subject to any restrictions on such waivers, alterations, modifications, amendments, supplements or terminations set forth in the French Facility Agreement.
In the event of a Servicer Default, the Lessor or the French Security Trustee, in each case acting pursuant to Sub-Clause 10.23(d) (Servicer Default) of the French Facility Agreement, shall have the right to replace the Servicer as servicer.
In the event of a Servicer Default, the Lessor or the French Security Trustee, in each case acting pursuant to Sub-Clause 10.22(d) (Servicer Default) of the French Facility Agreement, shall have the right to replace the Servicer as servicer.
The Seller and the Purchaser each undertake to cooperate in order to complete or cause to complete all formalities required by French law with respect to the contribution to French Newco that have to be carried out subsequent to the completion of such contribution and could not practically be completed prior to or concurrent with the French Facility/ Design Closing.
If any portion of such deferred proceeds from the French Facility Disposition is received after the date on which payment is due, if any, under Section 2.3(c) hereof, then such payment shall be made within three Business Days of the receipt of such proceeds by the Buyer or the relevant Subsidiary to the Sellers (pro rata in accordance with each Sellers' Percentage Interest) in immediately available funds to an account designated in writing by the Sellers' Representative to the Buyer.
The Borrower will use the proceeds of the Loans solely to repay the French Facility, for its general corporate purposes (solely in the case of Additional Term Loans) and to pay fees, commissions and expenses in connection with the Transactions.
Unless previously terminated in accordance with Clause 13.1 (Termination by French FleetCo) or 13.2 (Termination by the French Servicer), this Agreement shall terminate on the earlier of the Final Maturity Date and the date on which all FleetCo Advances are repaid in full and the FleetCo French Facility Agreement is terminated.
If any portion of such deferred proceeds from the French Facility Disposition is received after Closing and prior to the date on which any payment is due under Section 2.3(c) hereof, then the amount of such payment shall, to the extent that it constitutes Net Disposition Proceeds, either offset the amount of any such payment due to the Buyer under Section 2.3(c) or be added to any payment due to the Sellers under Section 2.3(c).
During 2022, French Facility for Global Environment (FFEM) resources were used to mainly support the following efforts: • The feasibility study phase (phase II) of the Private Finance Innovation Fund.
The proceeds of the UK Facility Loans made pursuant to the UK Facility hereunder shall be used by the UK Facility Borrowers to repay and terminate the Prior UK Facility, the Prior Irish Facility and the Prior French Facility, to finance capital expenditures and Permitted Acquisitions and for other working capital and general corporate needs of the UK Facility Borrowers.

More Definitions of French Facility

French Facility means the factoring facility provided to Hexcel Composites S.A. and Hexcel Fabrics S.A. by GE Factofrance pursuant to the terms of the French Facility Documents in an aggregate principal amount to not exceed Euro 20,000,000.

French Facility means the loan facility evidenced by that certain Credit Facility dated as of August 26, 2004 among International Paper Investments (France) S.A.S., the Guarantor, BNP Paribas as the facility agent thereunder and Barclays Capital, ABN AMRO Bank N.V. and the financial institutions listed as Original Lenders therein.

French Facility means the revolving credit facility made available to French FleetCo by the French Lender subject to, and in accordance with, the relevant terms of the French Facility Agreement. “French Facility Advance” means each advance from time to time borrowed by French FleetCo from the French Lender subject to, and in accordance with, the relevant terms of the French Facility Agreement. “French Facility Advance Rate” means, for any Interest Period, the rate, as determined by the Issuer in its reasonable discretion, reflecting the French Percentage of the aggregate amount of interest and Carrying Charges payable by the Issuer for such Interest Period, based on the daily average French Class A Blended Advance Rate and the daily average French Facility Principal Amount for such Interest Period. “French Facility Agreement” means the revolving credit facility agreement entered into between French FleetCo, the French Lender, the French Security Trustee and the Issuer Security Trustee dated on or about the Signing Date. “French Facility Principal Amount” means, at any date of determination, the outstanding principal amount of any French Facility Advance at such date under the French Facility Agreement. “French Facility Receivables” means: