Primary Bank Facility definition

Primary Bank Facility means an agreement, guaranty or other instrument (or agreements, guaranties or other instruments to the extent such agreements, guaranties or other instruments were entered into in concert in one or a series of transactions): (i) entered into by the Company in connection with the provision of recourse credit in the form of revolving loans, term loans, letters of credit or other extensions of credit commonly provided under syndicated bank credit agreements to the Company or any of its Subsidiaries and (ii) under which the aggregate amount of credit extended (whether in the form of loans or commitments) to the Company or for which the Company is obligated as a guarantor or otherwise is $150,000,000 or more.
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Primary Bank Facility means any agreement, guaranty, or other instrument entered into by the Company in connection with the provision of recourse credit in the form of a revolving loan, term loan, letter of credit, or other extensions of credit.
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Primary Bank Facility means (i) the Credit Agreement, or (ii) any loan facility under which the Credit Agreement or any other Primary Bank Facility is refinanced or replaced, as amended, supplemented, restated or otherwise modified from time to time.
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Examples of Primary Bank Facility in a sentence

  • For the avoidance of doubt, the Company acknowledges that it will not, and will not permit any Subsidiary to, secure or grant any Liens in respect of the Primary Bank Facility, unless an equal and ratable Lien is granted in respect of the Notes.

  • The Company covenants that it will not permit Working Capital at any time to be less than the minimum level of Working Capital (or comparable term) that the Company is then required to maintain under the Company’s Primary Bank Facility without causing a default or event of default thereunder.

  • The documentation will include an intercreditor agreement in a form acceptable to Prudential with the bank group under the Loan Parties’ Primary Bank Facility.

  • Substantially the same as in the Loan Parties’ Primary Bank Facility.

  • The Notes will be secured by a first priority lien on substantially all assets of the Loan Parties, including accounts receivable, inventory, equipment, real property, and any other assets pledged to the lenders under the Primary Bank Facility, including a pledge of the Company’s equity interests in ▇▇▇▇▇ Business Credit, Inc., Winmark Capital Corporation, and Grow Biz Games, Inc.

  • For the avoidance of doubt, the Company acknowledges that it will not, and will not permit any Subsidiary to, secure or grant any Liens in respect of the Primary Bank Facility (other than Liens permitted by paragraph (j) of this Section 10.6) unless an equal and ratable Lien is granted in respect of the Notes.


More Definitions of Primary Bank Facility

Primary Bank Facility means the credit facility relating to the Credit Agreement dated August 30, 2000 among The Bank of Nova Scotia, the Corporation and other named parties, as amended or waived from time to time ("CURRENT CREDIT FACILITY"), or any credit facility resulting from any refinancing or replacement of the Current Credit Facility from commercial banks or other senior lenders that are Third Parties, as may be amended or waived from time to time.
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Primary Bank Facility means all indebtedness under the Company's primary bank credit facility existing from time to time, including as amended or restated from time to time).
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Primary Bank Facility means the credit facility evidenced by the Parent Credit Agreement.
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Primary Bank Facility means the credit facility relating to the Credit Agreement dated August 30, 2000, as amended and restated as of December 10, 2002, among The Bank of Nova Scotia, KHC and other named parties, as amended or waived from time to time (the "Current Credit Facility"), or any credit facility resulting from any refinancing or replacement of the Current Credit Facility from commercial banks or other senior lenders that are Third Parties, as may be amended or waived from time to time.
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Related to Primary Bank Facility

  • Bank Facility means any credit agreement, including the Existing Credit Agreement, 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 Borrower 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.

  • State facility means a center or a hospital operated by the department.

  • 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.