New Bank Facility definition

New Bank Facility means the amended and restated credit agreement, among the Company, Holdings, Associated, Gentek Building Products Limited and UBS AG, Stamford Branch and Canadian Imperial Bank of Commerce, as administrative agents, dated as of the date hereof.
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New Bank Facility has the meaning specified in Section 3.3.
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New Bank Facility means any new bank facility with a commercial bank for the purposes of refinancing any of the Existing Facilities or establishing one or more new facilities, in an amount not to exceed at any time the total amount of the Bank Commitments in aggregate, and always subject to compliance with the Incurrence Test, however, so that the Commerzbank Facilities may, subject to compliance with the Incurrence Test, be refinanced (increased or extended) in one or more facilities in any Group Company up to a maximum commitment equivalent to 10 per cent. (in aggregate for all Commerzbank Facilities outstanding at any time) of the Nominal Amount of Bonds outstanding (or the equivalent in any currency).
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Examples of New Bank Facility in a sentence

  • The New Bank Facility will mature and the outstanding principal amount will become repayable 36 months from the date on which the Borrower draws down on the New Bank Facility.

  • There are no material changes to the terms of the New Bank Facility as disclosed in the Circular.

  • The consideration for the Assignment will be satisfied partly in cash (by drawing down on the New Bank Facility and from the proceeds of the Unit Placement) as well as through the issuance of Consideration Units and Deferred Units to YXP Nominee.

  • The New Bank Facility will bear interest at a margin of 1.15% per annum over HIBOR, and will mature and become repayable in 36 months from the date on which the New Bank Facility is drawn down.

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  • This Commitment Letter and the Fee Letter set forth the entire agreement among the parties hereto as to the New Bank Facility and supersede all prior understandings, whether written or oral, among us and you with respect to the matters herein and therein.

  • If and when the PICC Placement subsequently completes, the entire net proceeds of the PICC Placement will be used to partially repay the amount drawn down under the New Bank Facility.

  • Accordingly, an additional Hong Kong dollar amount equivalent to the expected proceeds of the PICC Placement (being approximately HK$388 million) was drawn down under the New Bank Facility on 8 October 2012 (being the Completion Date) to finance the consideration in respect of the Assignment, bringing the total amount drawn down under the New Bank Facility on the Completion Date to HK$2,980 million.

  • Therefore if the Minimum Issue Proceeds are not raised under the Initial Placing and Offer, the Company will not be able to draw down any funds under the New Bank Facility.

  • If the completion of the PICC Placement and subsequent use of its entire net proceeds to partially repay the New Bank Facility is not taken into account (for example, if the PICC Placement is not completed), the gearing ratio of the Enlarged Portfolio is expected to be approximately 35%, based on the methodology described in section H of the Launch Announcement.


More Definitions of New Bank Facility

New Bank Facility means the exit financing to be obtained by the Reorganized Debtors, as described in Article IV.D, with terms substantially as set forth on Exhibit C.
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New Bank Facility shall have the meaning specified in paragraph 3H.
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Related to New Bank Facility

  • Bank Facility means any credit agreement, including the Credit Agreement dated June 28, 2012 among Bank of America, N.A., Equinix, Inc. and the guarantors party thereto, as amended, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Company as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Facility Agreement means the Facility Agreement referred to in Recital (A).

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Bridge Facility means the Commitments and any Advances made thereunder.

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • Original Facility Agreement means the facility agreement dated 19 December 2018 and made between, amongst others, (i) the Borrower, (ii) the Lenders, (iii) the Mandated Lead Arrangers, (iv) the Facility Agent and the SACE Agent and (v) the Security Trustee.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Original Lenders shall have the meaning assigned to such term in the recitals hereto.

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Term A Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term A Commitments at such time and (b) thereafter, the aggregate principal amount of the Term A Loans of all Term A Lenders outstanding at such time.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Facility C means the term loan facility made available under this Agreement as described in paragraph (c) of Clause 2.1 (Facilities).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.