Multi-Currency Facility definition
Examples of Multi-Currency Facility in a sentence
Currency Borrower shall request a Borrowing if, after giving effect thereto, there would be more than twelve (12) Borrowings outstanding under the Multi-Currency Facility and the Canadian Subsidiary shall not request a Borrowing if, after giving effect thereto, there would be more than five (5) Borrowings outstanding under the Canadian Facility.
In no event shall the Multi-Currency Lenders be obligated to make any Multi-Currency Advance if, on the date of such Advance and after giving effect thereto, the Multi-Currency Borrower Outstandings on such date would exceed the amount of the Multi-Currency Facility on such date.
The aggregate amount of the Multi-Currency Facility and the Canadian Facility shall be permanently reduced by the amounts of the Revolving Loans required to be repaid by Borrowers pursuant to Section 2.5(b)(i)-(iv).
Upon such reduction, (A) each Multi-Currency Lender's Multi-Currency Commitment shall be reduced ratably in accordance with the proportion that such Commitment bore to the Multi-Currency Facility immediately before giving effect to such reduction, and (B) each Canadian Lender's Canadian Commitment shall be reduced ratably in accordance with the proportion that such Commitment bore to the Canadian Facility immediately before giving effect to such reduction.
Upon the written request of any Lender whose aggregate Commitment hereunder and under the Multi-Currency Facility exceeds that of the Agent, which written request is made within thirty (30) days after the Agent's notice that its Commitment is below such minimum level, the Agent shall be obligated to resign pursuant to ss.14.9. Further, the Agent shall be obligated to resign pursuant to ss.
Bank Guarantee Facility the Multi-Currency Facility Agreement dated 15 March 2018 between the EMG Borrower, the EMG Guarantors, EMG Fund IV GP, LP, EMG Fund IV Management, LP and Australia and New Zealand Banking Group Limited.
Currency Borrower shall request a Borrowing if, after giving effect thereto, there would be more than 12 Borrowings outstanding under the Multi-Currency Facility and the Canadian Subsidiary shall not request a Borrowing if, after giving effect thereto, there would be more than 5 Borrowings outstanding under the Canadian Facility.
The revolving credit facility in the maximum principal amount of $50,000,000 available in Euro, Pounds Sterling and Dollars pursuant to the Multi-Currency Facility Agreement.
Any prepayment of the Term Loans and Revolving Credit Loans required pursuant to Section 7.3(e)(ii) shall be applied, if in respect of the sale, lease, transfer or other disposition of Term Loan Collateral, to the repayment of the Term Loans, and if in respect of the sale, lease, transfer or other disposition of Multi-Currency Facility Collateral or any other assets to the repayment of the Revolving Credit Loans (without any permanent reduction of the Aggregate Multi-Currency Commitment).
All outstanding Letters of Credit issued under the Credit Agreement on or prior to the date hereof and (i) which were issued in a currency other than Dollars shall, as of the date hereof, be deemed to have been issued under the Multi-Currency Facility (as defined in the Credit Agreement, as amended hereby) and (ii) which were issued in Dollars shall, as of the date hereof, be deemed to have been issued under the Primary Currency Facility (as defined in the Credit Agreement, as amended hereby).