Material Credit Facility definition

Material Credit Facility means, as to the Company and its Subsidiaries,

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Material Credit Facility means, as to the Obligors and their Subsidiaries,

Material Credit Facility means, as to the Parent, the Issuer and its Subsidiaries,

Examples of Material Credit Facility in a sentence

As to each Subsidiary which on or before the date hereof had delivered a Guarantee pursuant to or is otherwise obligated under any Material Credit Facility, the Obligors shall cause each such Subsidiary to, on the date hereof, enter into and deliver a Subsidiary Guarantee to each Purchaser.
Thereupon, and regardless of whether the Company provides timely notice, such More Favorable Covenant shall be deemed automatically incorporated by reference into Section 10 of this Agreement, mutatis mutandis, as if set forth in full herein, effective as of the date when such More Favorable Covenant shall have become effective under any Material Credit Facility.
For the avoidance of doubt, the Obligors shall not at any time use the capacity to incur, assume or permit to exist any Priority Debt to ▇▇▇▇▇ ▇ ▇▇▇▇ securing Indebtedness outstanding under or pursuant to any Material Credit Facility unless and until all obligations of the Obligors under this Agreement and the Notes shall concurrently be secured equally and ratably with such Indebtedness pursuant to documentation in form and substance reasonably satisfactory to the Required Holders.

More Definitions of Material Credit Facility

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.

Material Credit Facility means, as to the Borrower and its Subsidiaries,

Material Credit Facility means, as to the Company and the other Obligors,

Material Credit Facility means, as to the Parent Guarantor and its Subsidiaries,

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 Reporting Entity and its Subsidiaries,

Material Credit Facility means any agreement creating or evidencing Indebtedness for borrowed money (excluding any Non-Recourse Debt) by any member of the Consolidated Group or in respect of which any member of the Consolidated Group is an obligor or otherwise provides a Guarantee or other credit support (other than a guaranty of Customary Recourse Exceptions), in a principal amount outstanding or available for borrowing equal to or greater than $150,000,000 (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).