MFN Protection definition

MFN Protection has the meaning set forth in Section 2.14(e)(iii).
MFN Protection has the meaning assigned to such term in Section 2.20(b).
MFN Protection as defined in Section 2.27(i).

Examples of MFN Protection in a sentence

  • It is understood and agreed that any Indebtedness in the form of loans secured by Liens on the Collateral having a priority ranking equal to the priority of the Liens on the Collateral securing the Secured Obligations (but without regard to control of remedies) shall be subject to the MFN Protection set forth in Section 2.20(c) (but subject to the MFN Exceptions to such MFN Protection) as if such Indebtedness were an Incremental Term Loan.


More Definitions of MFN Protection

MFN Protection has the meaning specified therefor in Section 2.17(e)(ii) of this Agreement.
MFN Protection means the provisions of Section 2.14(h).
MFN Protection shall have the meaning provided in Section 2.14(c). “Minimum Borrowing Amount” shall mean (a) with respect to a Borrowing of Term Loans, $5,000,000 or, in the case of Term Loans denominated in an Alternative Currency, €5,000,000, CAN$5,000,000, £5,000,000, ¥5,000,000 or A$5,000,000, as applicable (or (i) with respect to any other Alternative Currency, a like amount, or (ii) such lesser amount as may be agreed by the Administrative Agent or as may be required in order to accommodate Borrowings described under Section 2.14(b)) and (b) with respect to a Borrowing of Revolving Credit Loans, $1,000,000 (or in the case of Revolving Credit Loans denominated in an Alternative Currency, €1,000,000, CAN$1,000,000, £1,000,000, ¥1,000,000 or A$1,000,000, as applicable, or, in the case of any other Alternative Currency, a like amount, as applicable) and (c) with respect to a Borrowing of Swingline Loans, $100,000. “Minimum Tender Condition” shall have the meaning provided in Section 2.17(d). -67- #96562806v11
MFN Protection has the meaning set forth in Section 2.14(e)(iii). “Moody’s” means Xxxxx’x Investors Service, Inc. and any successor thereto.
MFN Protection has the meaning provided in Section 2.17(b). “Microsoft” means Microsoft Ireland Operations Limited. “Microsoft Hibernia Atlantic Liens” means the Liens granted by Hibernia Atlantic Cable System pursuant to the Assignment of System Agreements by Way of Security, dated as of May 31, 2016, in favor of Microsoft, which Liens secure certain obligations of Hibernia Atlantic Cable System pursuant to (a) the IRU Agreement, dated as of June 17, 2014, between Hibernia Atlantic Cable System and Microsoft, as amended by Amendment No. 1, dated as of May 31, 2016, and (b) the Operations, Maintenance & Colocation Services Agreement, dated as of June 17, 2014, among Hibernia Atlantic Cable System, the Target and Microsoft. “Microsoft Hibernia Express Liens” means the Liens existing as of the Closing Date and granted by the Hibernia Express Entities pursuant to the Assignment of System Agreements by Way of Security, dated as of May 31, 2016, in favor of Microsoft, which Liens secure certain obligations of the Hibernia Express Entities pursuant to (a) the IRU Agreement, dated as of June 17, 2014, among the Hibernia Express Entities and Microsoft, as amended by Amendment No. 1, dated as of July 3, 2014, Amendment No. 2, dated as of September 21, 2015, Amendment No. 3, dated as of February 25, 2016, and Amendment No. 4, dated as of May 31, 2016, and (b) the Operations, Maintenance & Colocation Services Agreement, dated as of June 17, 2014, among the Hibernia Express Entities, the Target and Microsoft. “Microsoft Permitted Liens” means the Microsoft Hibernia Atlantic Liens and the Microsoft Hibernia Express Liens. “Minimum Borrowing Amount” means (i) with respect to any Base Rate Loan, $500,000, with minimum increments thereafter of $100,000, (ii) with respect to any Eurocurrency Loan denominated in Dollars, $500,000, with minimum increments thereafter of $100,000, (iii) with respect to any Loan denominated in Euro, €500,000, with minimum increments thereafter of €100,000 and (iv) with respect to any Loan denominated in Sterling £500,000, with minimum increments thereafter of £100,000. “Minimum Collateral Amount” means, at any time, with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 105% of the Fronting Exposure of all LC Issuers with respect to Letters of Credit issued and outstanding at such time. “Moody’s” means Xxxxx’x Investors Service, Inc. and its successors. “Mortgage” means a Mortgage, Deed of Trust, standard security o...
MFN Protection shall have the meaning provided in Section 2.14(d)(iii). “Minimum Borrowing Amount” shall mean with respect to a Borrowing, $500,000. “Minimum Collateral Amount” shall mean, at any time, (i) with respect to Cash Collateral consisting of cash or Cash Equivalents or deposit account balances provided to reduce or eliminate Fronting Exposure during the existence of a Defaulting Lender, an amount equal to 103% of the Fronting outstanding at Equivalents or Exposure of the Letter of Credit Issuer with respect to Letters of Credit issued and such time and (ii) with deposit account balances respect to Cash Collateral consisting of cash or Cash provided in accordance with the provisions of Section equal to 101% of the outstanding amount of all L/C 3.8(a)(i), (a)(ii), or (a)(iii), an amount Obligations. “Minimum Tender Condition” shall have the meaning provided in Section 2.15(b). “Moody’s” shall mean Xxxxx’x Investors Service, Inc. or any successor by merger or consolidation to its business. “Mortgage” shall mean a mortgage, deed of trust, deed to secure debt, trust deed, or other security document entered into by the owner of a Mortgaged Property and the Collateral Agent for the benefit of the Secured Parties in respect of that Mortgaged Property to secure the Obligations, in form and substance reasonably acceptable to the Collateral Agent and the Borrower, together with such terms and provisions as may be required by local laws. “Mortgaged Property” shall mean each parcel of real property and improvements thereto with respect to which a Mortgage is granted pursuant to Section 9.14. “Multiemployer Plan” shall mean a “multiemployer plan” as defined in Section 4001(a)(3) of ERISA to which any Credit Party or ERISA Affiliate makes or is obligated to make contributions, orduring the five preceding calendar years, has made or been obligated to make #8983238089847286v115 -67- contributions. #8983238089847286v115 -68-
MFN Protection shall have the meaning set forth in the proviso to Section 2.14(d)(iii). “Minimum Borrowing Amount” shall mean (i) with respect to a Borrowing of LIBOR Loans, $5,000,000 and (ii) with respect to a Borrowing of ABR Loans, $1,000,000. “Minimum Tender Condition” shall have the meaning provided in Section 2.15(b). “Xxxxx’x” shall mean Xxxxx’x Investors Service, Inc. or any successor by merger or consolidation to its business. “Mortgage” shall mean a mortgage, deed of trust, deed to secure debt, trust deed, or other security document entered into by the owner of a Mortgaged Property and the Collateral Agent for the benefit of the Secured Parties in respect of that Mortgaged Property to secure the Obligations, in form and substance reasonably acceptable to the Collateral Agent and the Borrower, together with such terms and provisions as may be required by local laws, as the same may be amended, restated, amended and restated, supplemented or otherwise modified from time to time. “Mortgaged Property” shall mean, initially, each parcel of real estate and the improvements thereto owned in fee by a Credit Party and identified on Schedule 1.1(a), and each other parcel of owned real property and improvements thereto with respect to which a Mortgage is granted pursuant to -48- US-DOCS\118329784.0000000000.6