Examples of Pre-Petition Credit Facility in a sentence
Fansteel is the only borrower under the Pre-Petition Credit Facility and none of the other Debtors has any obligations thereunder; however, under the Pre-Petition Credit Facility, Fansteel agreed not to permit any of its direct or indirect subsidiaries (including all of the other Debtors) to incur indebtedness or to pledge any of their assets, subject to certain exceptions.
However, NTC refused these requests and, on November 19, 2001, accelerated the Pre-Petition Credit Facility, froze all of the Debtors' accounts that were maintained at NTC and M&I and set-off amounts owed under the Pre-Petition Credit Facility against those accounts.
In this regard, the Working Group may wish to consider how to make progress on the Advisory Centre, mainly whether it should be presented and adopted as a stand-alone project or as a reform element to be incorporated in a multilateral instrument on ISDS reform, which would deliver comprehensive reforms.
Prior to the Petition Date, The Northern Trust Company ("NTC"), as agent for itself and M&I Bank ("M&I"), had extended to Fansteel a $30 million unsecured revolving facility (the "Pre-Petition Credit Facility"), which provided for up to $20 million in revolving advances for working capital and up to $10 million in letters of credit.
Examination: the final master’s examination of the study programme for which a pass will be obtained if all obligations for the entire master’s degree programme have been fulfilled.