New Loan Facility definition

New Loan Facility means, at any time, the sum of (a) the aggregate amount of the New Loan Commitments with respect to which New Loans of such Series have not yet been made at such time and (b) the aggregate principal amount of the New Loans of such Series of all Lenders outstanding at such time.
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New Loan Facility a loan facility in an amount of up to HK$62,000,000 granted by the Lender pursuant to the terms of New Loan Agreement “percentage ratio(s)” percentage ratio(s) as set out in Rule 14.07 of the Listing Rules to be applied for determining the classification of a transaction “Shareholders” holders of the ordinary shares of HK$0.01 each in the issued share capital of the Company
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New Loan Facility means the working capital facility to be entered into by Reorganized Parent, the Reorganized Subsidiaries, and the banks and other financial institutions party thereto in connection with the Plan, and all ancillary agreements, documents and instruments to be created, executed or issued pursuant to or in connection therewith.
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Examples of New Loan Facility in a sentence

  • The Secretary of the Treasury (“Secretary”) has committed funds appropriated to the Exchange Stabilization Fund under section 4027 of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) to the SPV in connection with the Facility, the Main Street New Loan Facility, and the Main Street Priority Loan Facility (each, a “Main Street Facility”).

  • Alternate Commissioner Application - indicate if criteria and restrictions are met.

  • The following chart summarizes the terms applicable to the New Loan Facility, the Priority Loan Facility, and the Expanded Loan Facility.

  • There are five facilities under the Main Street Lending Program—the Main Street New Loan Facility, the Main Street Priority Loan Facility, the Main Street Expanded Loan Facility, the Nonprofit Organization New Loan Facility, and the Nonprofit Organization Expanded Loan Facility.

  • The Secretary of the Treasury (“Secretary”) has committed funds appropriated to the Exchange Stabilization Fund under section 4027 of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) to the SPV in connection with the Facility, the Main Street New Loan Facility, and the Main Street Expanded Loan Facility (each, a “Main Street Facility”).

  • For the New Loan Facility and Priority Loan Facility, an Eligible Lender must use a methodology it previously used for adjusting EBITDA when extending credit to the Eligible Borrower or to similarly situated borrowers on or before April 24, 2020.

  • The Secretary of the Treasury (“Secretary”) has committed funds appropriated to the Exchange Stabilization Fund under section 4027 of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) to the SPV in connection with the Facility, the Nonprofit Organization Expanded Loan Facility, the Main Street New Loan Facility, the Main Street Priority Loan Facility, and the Main Street Expanded Loan Facility (each, a “Main Street Facility”).

  • The Borrower must certify that it has not also participated in, and commit that it will not seek to participate simultaneously in, the Main Street Priority Loan Facility, the Main Street New Loan Facility, or the Primary Market Corporate Credit Facility (a facility established by the Federal Reserve under section 13(3) of the FRA, using equity committed by the Secretary, to support bond and loan issuances).

  • Board of Governors of the Federal Reserve System, Main Street New Loan Facility Term Sheet, June 8, 2020, https://www.federalreserve.gov/newsevents/pressreleases/files/monetary20200608a1.pdf.

  • Through the Nonprofit Organization New Loan Facility (NONLF), the Federal Reserve, through an SPV, would purchase a 95% stake in a loan originated after June 15, 2020 if: the loan has a 5- year maturity; payment of principal is deferred for two years; payment of interest is deferred for one year; the loan size is between $250,000 and the lesser of $35 million or the borrower's average 2019 quarterly revenue; and the interest rate is 300 basis points above the London Interbank Offered Rate (LIBOR).


More Definitions of New Loan Facility

New Loan Facility means any New Facility pursuant to which a loan facility is provided to the Company;
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New Loan Facility means a new loan facility to replace the Loan and Security Agreement, pursuant to which the New Lender shall have agreed to provide the Operating Subsidiaries binding commitments for approximately $70 million (including a $5 million letter of credit sub-limit)(but in no event shall such facility exceed $80 million without the prior written consent of the Committee) in working capital and term loans, which loans shall be secured by the granting on the Effective Date of a perfected security interest in all personal, mixed and real property of each borrower and guarantor a party to the New Loan Facility (subject to certain permitted liens and other exceptions reasonably satisfactory to the New Lender).
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New Loan Facility means one or more facilities that (i) are made on an unsecured basis; (ii) are for the purpose of acquiring the stock or assets of third parties out of the ordinary course of business; and/or (iii) are not based on the value of collateral as determined by a third party appraiser. The term "New Loan Facility" shall not include the revolving loan facility described in the Loan Agreement or any increase in the maximum amount available under such agreement provided that the amount of the loans thereunder are based on Buyer's accounts receivable and inventory.
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New Loan Facility shall not include the revolving loan facility described in the Loan Agreement or any increase in the maximum amount available under such agreement provided that the amount of the loans thereunder are based on Buyer's accounts receivable and inventory.
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New Loan Facility means, at any time, the aggregate amount of New Loan Lenders’ New Loan Commitments at such time.
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New Loan Facility. Section 7(i)
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Related to New Loan Facility

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

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

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

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

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Term Loan B has the meaning set forth in Section 2.2(b).

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

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • 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.

  • New Credit Facility is defined in Section 9.8.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • 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.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Term Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.7.

  • Term Loan Commitment Amount means, (a) as to any Lender that is a Lender on the Closing Date, the dollar amount set forth opposite such Lender’s name on the Commitment Annex under the column “Term Loan Commitment Amount”, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party, and (b) as to any Lender that becomes a Lender after the Closing Date, the amount of the “Term Loan Commitment Amount(s)” of other Lender(s) assigned to such new Lender pursuant to the terms of the effective assignment agreement(s) pursuant to which such new Lender shall become a Lender, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party.

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

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

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • 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.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.