MC Credit Facility definition

MC Credit Facility means the facility described in Sections 2.02 and 2.04 providing for MC Committed Loans to or for the benefit of the Borrower by the MC Lenders in the maximum aggregate amount of the Aggregate MC Commitments and the facility described in Section 2.07 providing for Swing Line Loans to or for the benefit of the Borrower by the Swing Line Lenders in the maximum aggregate amount of the Swing Line Sublimit, as adjusted from time to time pursuant to the terms of this Agreement.
View Source
MC Credit Facility means the facility described in Sections 2.02 and 2.04 providing for MC Committed Loans to or for the benefit of the Borrower by the MC Lenders in the maximum aggregate amount of the Aggregate MC Commitments, the facility described in Section 2.07 providing for MC Swing Line Loans to or for the benefit of the Borrower by the MC Swing Line Lenders in the maximum aggregate amount of the MC Swing Line Sublimit, and the facility described in Section 2.09 providing for the issuance, extension and renewal of Letters of Credit to or for the benefit of the Borrower by the Fronting Bank or the Several L/C Agent and Lenders in the maximum aggregate amount of the Letter of Credit Sublimit, in each case as adjusted from time to time pursuant to the terms of this Agreement.
View Source
MC Credit Facility means the facility described in Sections 2.02 and 2.04 providing for MC Committed Loans to or for the benefit of the Borrower by the MC Lenders in the maximum aggregate amount of the Aggregate MC Commitments and the facility described in Section 2.07 providing for Swing Line Loans to or for the benefit of the Borrower by the Swing Line Lenders in the maximum aggregate amount of the Swing Line Sublimit, as adjusted from time to time pursuant to the terms of this
View Source

Examples of MC Credit Facility in a sentence

  • Loans denominated in such other currencies shall only be available under the MC Credit Facility.

  • In such event, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such Lender or its registered assigns) substantially in the form of Exhibit E-1 hereto, in the case of the USD Credit Facility, and Exhibit E-2 in the case of the MC Credit Facility.

  • Promptly following receipt of an Interest Election Request with respect to the MC Credit Facility, the Administrative Agent shall advise each MC Lender of the details thereof and of such Lender’s portion of each resulting Committed Borrowing.

  • If the Borrower fails to specify a currency in a Committed Borrowing Request under the MC Credit Facility, then the Committed Borrowing so requested shall be made in Dollars.

  • Promptly following receipt of a Committed Borrowing Request with respect to the MC Credit Facility in accordance with this Section 2.04, the Administrative Agent shall advise each MC Lender of the details thereof and of the amount of such MC Lender’s MC Committed Loan to be made as part of the requested Committed Borrowing.

  • If the Borrower fails to specify a currency in a Committed Borrowing Request under the MC Credit Facility, then the Committed Loans so requested shall be made in Dollars.

  • Immediately upon the making of a Swing Line Loan, each MC Lender (including, for clarification, those Swing Line Lenders not making such Swing Line Loan) shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such Lender’s Applicable Percentage with respect to the MC Credit Facility times the amount of such Swing Line Loan.

  • The commitment fees described in this Section 2.13(b) shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December of each year, commencing with the first such date to occur after the Closing Date, and with respect to such fees owing to MC Lenders, on the last day of the MC Availability Period for the MC Credit Facility.

  • Committed Borrowings of more than one Type may be outstanding at the same time; provided that (i) there shall not at any time be more than a total of five (5) Eurocurrency Rate Committed Borrowings outstanding with respect to the USD Credit Facility and (ii) there shall not at any time be more than a total of ten (10) Eurocurrency Rate Committed Borrowings outstanding with respect to the MC Credit Facility.

  • Immediately upon the making of an MC Swing Line Loan, each Non-MC Swing Line Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the MC Swing Line Lenders making such MC Swing Line Loan on a pro rata basis a risk participation in such MC Swing Line Loan in an amount equal to the product of such Lender’s Applicable Percentage with respect to the MC Credit Facility times the amount of such MC Swing Line Loan.


More Definitions of MC Credit Facility

MC Credit Facility means the facility described in Sections 2.1(a) providing for MC Revolving Loans to or for the benefit of the Company by the MC Banks and MC Swingline Loans to or for the benefit of the Company by the MC Swingline Banks, in the maximum aggregate amount of the Aggregate MC Commitments, as adjusted from time to time pursuant to the terms of this
View Source