Lloyds Facility definition

Lloyds Facility means that certain Amended and Restated Master Agreement for Stand-by Letters of Credit, dated May 10, 2018 (as the same may be amended, amended and restated, supplemented, extended, or otherwise modified from time to time), among Lloyds and certain of the Loan Parties.

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Lloyds Facility means that certain Amended and Restated Master Agreement for Stand-by Letters of Credit, dated on or before the Effective Date (as the same may be amended, amended and restated, supplemented, extended, or otherwise modified from time to time), among Lloyds and certain of the Loan Parties.

Lloyds Facility means the credit facility available pursuant to the terms of that certain Asset Based Finance Agreement, dated as of March 12, 2008, by and among Lloyds TSB Bank Plc, Netherlands Branch and Belgium Branch, Lloyds TSB Commercial Finance Limited, Cimcool Europe B.V., Cimcool Industrial Products B.V., D-M-E Europe CVBA, Ferromatik Milacron Maschinenbau GmbH, Milacron Kunststoffmaschinen Europa GmbH, Milacron B.V. and Milacron Nederland B.V.

Examples of Lloyds Facility in a sentence

• Notwithstanding the foregoing, if there are no Guarantee Obligations outstanding, the Commitments shall terminate on the date on which the Lloyds Facility is terminated and the Guarantee has been unconditionally released under the Lloyds Facility.

• The Borrower shall, and shall cause each of its Subsidiaries to, use the proceeds from the Lloyds Facility for payment of expenses incurred in connection with the transactions contemplated by the Guarantee Documents and for working capital and general corporate purposes, in particular the implementation of Holding's current business plan as disclosed to the Lenders and as may be amended from time to time by the Board.

• The conditions precedent to the effectiveness of the Lloyds Facility as set forth therein shall have been, or shall be substantially concurrently with the Effective Date, satisfied or waived in accordance with the terms thereof.

• Immediately upon receipt of the proceeds from the sale of Cybernet (Schweiz) AG, the Borrower shall use such proceeds to repay the Lloyds Facility in full, whereupon the Borrower shall terminate the Lloyds Facility, cause the Guarantee to be unconditionally released under the Lloyds Facility and any excess proceeds from the sale of Cybernet (Schweiz) AG shall be retained by the Borrower.

• Immediately upon receipt of the pro▇▇▇▇▇ ▇▇om the sale of Cybernet (Schweiz) AG, the Borrower shall use such proceeds to repay the Lloyds Facility in full, whereupon the Borrower shall terminate the Lloyds Facility, cause the Guarantee to be unconditionally released under the Lloyds Facility and any excess proceeds from the sale of Cybernet (Schweiz) AG shall be retained by the Borrower.

• Each New Holder and the Company hereby agrees that the transactions contemplated by the Lloyds Facility, the Guarantee Facility and the Cybernet Sale, including (without limitation) the application of any proceeds received from the sale of Cybernet toward repayment of any borrowing made under the Lloyds Facility or any amount due under the Guarantee or Guarantee Facility, shall be excluded from the application of proceeds contemplated by Sections 5.2(a) and 5.2(d) of the New Notes.

• Whereas, VTL UK contemplates repaying any amounts borrowed under the Lloyds Facility with the proceeds from the sale (the "CYBERNET SALE") of Cybernet (Schweiz) AG ("CYBERNET") to Swisscom Fixnet AG pursuant to the Share Purchase Agreement dated October 20, 2005, by and among the Company, Viatel Holding (Europe) Limited and Swisscom Fixnet AG.

• Morgan Stanley & Co. Incorporated ("MORGAN STANLEY") is agreeing, purs▇▇▇▇ ▇o ▇▇▇ ▇▇bject to the condition▇ ▇▇▇▇a▇▇▇▇ ▇▇ a guarantee to be dated the date hereof (the "GUARANTEE") and executed simultaneously with this Waiver and Consent, to guarantee VTL UK's obligations under the Lloyds Facility up to (pound)6,000,000.

• The Lenders have agreed to make available to the Borrower a term loan facility of up to $170,000,000 for the purpose of refinancing part of the existing indebtedness of the Borrower and Britannia Bulk Finance Limited in relation to (i) the Bonds, (ii) the ▇▇▇▇▇▇▇ Sachs Facility, and (iii) the Lloyds Facility.

More Definitions of Lloyds Facility

Lloyds Facility the revolving loan facility between Lloyds TSB Bank plc, as a lender, and the Borrower, as a borrower, dated as of October 21, 2005, in form and substance acceptable to the Issuing Lender and the other Lenders.

Lloyds Facility the revolving loan facility between Lloyds TSB Bank plc, as a lender, and the Borrower, as a borrower, dated as of October 21, 2005, as the same may be amended from time to time, in form and substance acceptable to the Issuing Lender and the other Lenders.

Lloyds Facility means an unsecured credit facility among one or more Subsidiaries and one or more lenders to be entered into on or after the Restatement Effective Date providing for (x) a revolving working capital credit facility in an amount up to $1,000,000 and (y) the issuance of letters of credit up to an aggregate stated amount of $50,000,000 to support each such Subsidiary's obligations under one or more Lloyd's Syndicate Arrangements.

Lloyds Facility means a loan facility dated 13 February 2008 entered into between the Borrower, the lenders listed therein and Lloyds TSB Bank plc as agent and security trustee;