Material Credit Facility definition

Material Credit Facility means, as to the Company and its Subsidiaries,
Material Credit Facility means, as to the Obligors and their Subsidiaries,
Material Credit Facility means, as to the Borrower, the General Partner and their Subsidiaries, this Agreement and any other agreement(s) creating or evidencing indebtedness for borrowed money (excluding any Indebtedness which is “non-recourse”) entered into on or after the Agreement Execution Date by the Borrower, the General Partner or any of their Subsidiaries, or in respect of which the Borrower, the General Partner or any of their Subsidiaries is an obligor or otherwise provides a guarantee or other credit support (other than a guarantee of customary recourse exceptions) (“Credit Facility”), in a principal amount outstanding or available for borrowing equal to or greater than $5,000,000 (or the equivalent of such amount in the relevant currency of payment, determined as of the date of the closing of such facility based on the exchange rate of such other currency); and if no Credit Facility or Credit Facilities equal or exceed such amounts, then the largest Credit Facility shall be deemed to be a Material Credit Facility.

Examples of Material Credit Facility in a sentence

  • Other than the Guarantors, no Person is a guarantor of or otherwise liable or a provider of credit support (whether as a borrower or an additional or co-borrower or otherwise) for or in respect of any Indebtedness under the Bank Loan Documents or any other Material Credit Facility.

  • Thereupon, unless waived in writing by the Required Holders within 15 days after each holder’s receipt of such notice, such More Favorable Provision shall be deemed automatically incorporated into this Agreement, mutatis mutandis, as if set forth in full herein, effective as of the date when such More Favorable Provision shall have become effective under such Material Credit Facility.


More Definitions of Material Credit Facility

Material Credit Facility means any Credit Facility under which there is outstanding (without duplication) Indebtedness of the Company or any Guarantor in an aggregate principal amount equal to or greater than $100,000,000 other than, for the avoidance of doubt, any factoring, securitization or vendor finance transactions.
Material Credit Facility means, as to the Parent Guarantor and its Subsidiaries,
Material Credit Facility means, as to the Reporting Entity and its Subsidiaries,
Material Credit Facility means, as to the Parent, the Issuer and its Subsidiaries,
Material Credit Facility means, as to the Parent and its Subsidiaries,
Material Credit Facility means, as to the Company and its Subsidiaries, any agreement(s) creating or evidencing indebtedness for borrowed money entered into on or after the Closing Date by the Company or any Subsidiary, or in respect of which the Company or any Subsidiary is an obligor or otherwise provides a guarantee or other credit support, in a principal amount outstanding or available for borrowing equal to or greater than $250,000,000 (or the equivalent of such amount in the relevant currency of payment, determined as of the date of the closing of such facility based on the exchange rate of such other currency).
Material Credit Facility means, as to the Company,