Permitted Revolving Credit Facility means, one or more debt facilities or arrangements (including, without limitation, the Senior Credit Facility) that may be entered into by the Company and the Restricted Subsidiaries providing for revolving credit loans, letters of credit or other revolving Indebtedness or other advances in each case, Incurred in compliance with Section 4.09.
Permitted Revolving Credit Facility means one or more revolving credit facilities (to be applied for the general corporate, working capital, capital expenditure and/or acquisition purposes of the Group, and including but not limited to any overdraft facilities and/or ancillary facilities) entered into by a Group Company with a reputable Nordic or international bank (for the avoidance of doubt, not including any Permitted Financing) with an aggregate maximum commitment of SEK 3,750,000,000, which aggregate maximum commitment may be increased from time to time, provided that the Incurrence Test is met pro forma at the time of such increase (calculated as if the full commitment available under the relevant Permitted Revolving Credit Facility as increased has been utilised).
Permitted Revolving Credit Facility means a revolving credit facility established pursuant to Permitted Revolving Credit Facility Documentation or a Permitted Revolving Credit Facility Amendment (as elected by the Borrower) in an aggregate principal amount not to exceed $100,000,000. Notwithstanding the foregoing no revolving credit facility shall constitute a Permitted Revolving Credit Facility unless at the time of the establishment thereof, the Senior Secured Leverage Ratio (as established pursuant to a certificate of an Authorized Officer of the Borrower showing the Senior Secured Leverage Ratio determined in accordance with Section 7.07 as of the last day of the Fiscal Quarter most recently ended for which the financial statements required by Section 6.01(a) or (b), as the case may be, have been (or were required to be) delivered immediately prior to and after giving effect to the establishment of such Permitted Revolving Credit Facility and assuming that such Permitted Revolving Credit Facility is fully funded) is equal to or less than 3.00 to 1.00. “Permitted Revolving Credit Facility Agent” means any administrative agent or collateral agent under any Permitted Revolving Credit Facility, which, for the avoidance of doubt, may, but need not be, the Administrative Agent and/or the Collateral Agent. “Permitted Revolving Credit Facility Amendment” means an amendment to this Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Permitted Revolving Credit Lenders, pursuant to which the Borrower may establish a Permitted Revolving Credit Facility. Without limiting the generality of the foregoing, it is acknowledged and agreed that any Permitted Revolving Credit Facility may have more restrictive terms (such as financial maintenance covenants) than those applicable to the Term Loans and may bear fees and interest rates as may be agreed upon by the Borrower, the Permitted Credit Facility Agent(s) and the Permitted Revolving Credit Lender(s). “Permitted Revolving Credit Facility Documentation” means a revolving credit agreement, security documents and other loan documents, each in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, a Permitted Revolving Credit Facility Agent and one or more Permitted Revolving Lenders, pursuant to which the Borrower may establish a Permitted Revolving Credit Facility. Without limiting the generality of the foregoing, it is acknowl...
Examples of Permitted Revolving Credit Facility in a sentence
Permitted Revolving Credit Facility $100.0M No obligors or collateral that are not obligors or collateral, as applicable, under the existing term loans (Sections 8.2(n)(ii)\ and 8.3(gg)) Same debt capacity as existing, but lien basket increased to $125.0M $125.0M to be used for ABL/RCF basket.
More Definitions of Permitted Revolving Credit Facility
Permitted Revolving Credit Facility means, one or more debt facilities or arrangements that may be entered into by the Company, UPC NL Holdco II, the Affiliate Proceeds Loan Obligor or the Restricted Subsidiaries providing for revolving credit loans, letters of credit or other revolving indebtedness or other advances, in each case, Incurred in compliance with Section 4.09.
Permitted Revolving Credit Facility means, one or more debt facilities or arrangements (including without limitation, the Senior Credit Facility) that may be entered into by the Issuer and the Borrower Group Restricted Subsidiaries providing for revolving credit loans, letters of credit or other revolving indebtedness or other advances up to a maximum principal amount outstanding of $200 million.
Permitted Revolving Credit Facility means a revolving credit facility to be made available to the Borrower under the Finance Documents which satisfies all of the following terms and has been approved by the DIP Lenders or any other creditors in respect of Financial Indebtedness of any Restricted Person (to the extent required by the terms of any financing in relation thereto):
Permitted Revolving Credit Facility. (a) the Existing ABL Facility and (b) a revolving credit facility which (i) is not secured by any assets or property that is not Collateral, (ii) does not have any obligors that are not Loan Parties, (iii) if an asset-based revolving credit facility (an “ABL Facility”), is at all times subject to a Permitted ABL Intercreditor Agreement and (iv) if a cash-flow revolving credit facility (a “Cash Flow Revolving Credit Facility”), is at all times subject to an intercreditor agreement which shall be customary for transactions of this type and otherwise on terms and conditions reasonably satisfactory to the Administrative Agent (such intercreditor agreement, a “Permitted Cash Flow Revolver Intercreditor Agreement”) pursuant to which the lenders party to any such Cash Flow Revolving Credit Facility (or an agent on their behalf) shall have a Lien on the Collateral that is pari passu with the Lien of the Administrative Agent, for the benefit of the Secured Parties, on the Collateral.
Permitted Revolving Credit Facility means a revolving credit facility established pursuant to Permitted Revolving Credit Facility Documentation or a Permitted Revolving Credit Facility Amendment (as elected by the Borrower) in an aggregate principal amount not to exceed $100,000,000. Notwithstanding the foregoing no revolving credit facility shall constitute a Permitted Revolving Credit Facility unless at the time of the establishment thereof, the Senior Secured Leverage Ratio (as established pursuant to a certificate of an Authorized Officer of the Borrower showing the Senior Secured Leverage Ratio determined in accordance with Section 7.07 as of the last day of the Fiscal Quarter most recently ended immediately prior to and after giving effect to the establishment of such Permitted Revolving Credit Facility and assuming that such Permitted Revolving Credit Facility is fully funded) is equal to or less than 3.00 to 1.00.
Permitted Revolving Credit Facility means a revolving credit facility in favor of Loan Parties not to exceed the principal amount of passu basis with the Initial Term Loans. which shall be secured on a pari
Permitted Revolving Credit Facility means, one or more debt facilities or arrangements (including, without limitation, the Senior Credit Facility) that may be entered into by VMIH and the Restricted Subsidiaries providing for revolving credit loans, letters of credit or other revolving Indebtedness or other advances up to a maximum aggregate principal amount of £500,000,000.