Principal Bank Facility means any working capital or syndicated credit facility or bilateral borrowing arrangement or note purchase agreement pursuant to which the Guarantor or any other member of the Group is allowed to borrow an aggregate principal amount in excess of USD 50,000,000 (or the equivalent thereof in any other currency).
Principal Bank Facility means the £400,000,000 term loan and revolving facilities agreement dated 3 November 2017 between inter alios the Issuer and HSBC Bank plc, Royal Bank of Canada and The Royal Bank of Scotland as mandated lead arrangers, as amended and/or restated and/or replaced and/or refinanced from time to time or any facility (or facilities) which in turn refinances or replaces such facility as the primary working capital and standby facility (or facilities) of the Group, however many times) (each, individually and/or collectively, the “Principal Bank Facility”); and
Principal Bank Facility means the £300,000,000 multicurrency revolving credit facility dated 25 November 2014, as amended on 31 January 2018, 29 October 2019 and 18 June 2020, made between, among others, the Issuer, Burberry Limited England, Burberry Limited (NY), Burberry (Wholesale) Limited (and Burberry Asia Limited and Lloyds Bank plc as agent, as amended and/or restated and/or replaced and/or refinanced from time to time or any facility (or facilities) which in turn refinances or replaces such facility as the primary working capital and standby facility (or facilities) of the Group, however many times (each, individually and/or collectively, the Principal Bank Facility);
Examples of Principal Bank Facility in a sentence
The Company shall notify the Collateral Trustee, each holder of Secured Obligations under the Principal Bank Facility and the Principal L/C Facility, and each holder of Release Master Debt in writing at least 20 days prior to the proposed effective date for any such transaction.
For the avoidance of doubt, by execution hereof the parties hereto acknowledge and agree that there are no Financial Covenants outstanding under any Principal Bank Facility as of the date hereof.
Thereupon, unless waived in writing by the Required Holders within ten days of the holders’ receipt of such notice, such Additional Covenant shall be deemed incorporated by reference into this Agreement, mutatis mutandis, as if set forth fully herein, effective as of the date when such Additional Covenant became effective under the relevant Principal Bank Facility.
In connection with any proposed sale, assignment, transfer, or other disposition of Collateral, the Company and the Debtors with an interest in such Collateral may deliver a Release Notice to the Collateral Trustee which the Collateral Trustee shall promptly distribute to the holders of Secured Obligations under the Principal Bank Facility and the Principal L/C Facility.
Each Subsidiary which is a guarantor under any Principal Bank Facility shall, at all times it is so acting as such a guarantor, be a Subsidiary Guarantor.
More Definitions of Principal Bank Facility
Principal Bank Facility means any credit facility identified on Exhibit A (including amendments, restatements and other modifications thereto) and any facility replacing or refinancing such credit facility.
Principal Bank Facility means the £950,000,000 multicurrency revolving credit facility dated 4 November 2011 (as amended and restated on 28 January 2014, 7 September 2015 and 29 January 2021) made between, among others, the Issuer and Barclays Bank PLC as agent, as amended and/or restated and/or replaced and/or refinanced from time to time or any facility (or facilities) which in turn refinances or replaces such facility as the primary working capital and standby facility of the Group, however many times) (each, individually and/or collectively, the “Principal Bank Facility”);
Principal Bank Facility means that certain Multicurrency Revolving Facility Agreement, dated November 23, 2005, among the Company, as Guarantor and Parent, certain Subsidiaries of the Company as Borrowers thereunder, Citibank International PLC as Agent and Euro Swingline Agent and the other lenders party thereto from time to time, as the same may be amended, supplemented or modified from time to time and any additional, successor or replacement syndicated credit facility or credit facility of the Company entered into to augment, refinance or replace any of the foregoing.
Principal Bank Facility means the £300,000,000 revolving facility agreement dated 21 May 2020 between inter alios the Issuer and Barclays Bank PLC, HSBC Bank plc, National Westminster Bank plc and Santander UK plc as arrangers, as amended and/or restated and/or replaced and/or refinanced from time to time or any facility (or facilities) which in turn refinances or replaces such facility as the primary working capital and standby facility (or facilities) of the Group, however many times; and
Principal Bank Facility means each of (a) the Master Grid Note dated as of December 19, 2007 between the Issuer and National City Bank and the Master Grid Note dated as of July 19, 2007 between the Issuer and National City Bank, so long as the amount available for borrowing under such notes is not less than $10,000,000, (b) the Line of Credit Note dated as of October 1, 2007 between the Issuer and JPMorgan Chase Bank, N.A., so long as the amount available for borrowing under such note is not less than $10,000,000, and (c) any banking facility, credit facility or similar loan facility provided to the Company and/or any Subsidiary entered into with a lender or a syndicate of lenders and relating to the borrowing of money therefrom with amounts available for borrowing thereunder of $10,000,000 or more, and, in each case, as the same may be amended, supplemented or modified from time to time and any successor or replacement credit facility; provided that “Principal Bank Facility” shall not include (a) any credit facilities constituting Capital Lease Obligations, or (b) any term loan credit facility secured by a Lien on the real property of the Company and/or its Subsidiaries so long as at all times there is unsecured and committed revolving credit facilities with aggregate available commitment at least equal to the aggregate outstanding principal amount of all such term loan facilities.
Principal Bank Facility means that certain U.S.$1,050,000,000 Facility Agreement dated 16 July 2012 as amended and restated on 21 March 2014 and further amended on 13 June 2014 and further amended on 29 May 2015 between the Company, the Subsidiaries of the Company listed therein as “Original Borrowers”, the Subsidiaries of the Company listed therein as “Original Guarantors”, Barclays Bank PLC, HSBC Bank PLC, Royal Bank of Canada and The Royal Bank of Scotland plc, as arrangers and book runners, the financial institutions listed therein as “Original Lenders” and HSBC Bank, as Agent, as the same may be amended, supplemented or modified from time to time and any successor, replacement or supplemental syndicated credit facility or bilateral credit facility of the Company entered into to refinance, replace or supplement the foregoing so long as the principal amount of indebtedness which is permitted to be incurred thereunder is equal to or in excess of U.S.$250,000,000 (or its equivalent in any other currency), provided that if no credit facility permits indebtedness equal to or in excess of US$250,000,000 (or its equivalent in any other currency), then the largest credit facility of the Company shall be deemed to be the Principal Bank Facility.
Principal Bank Facility means (a) the Bank Credit Agreement, or (b) a principal working capital credit facility for the Company and its Subsidiaries, including, without limitation, any two or more individual facilities forming part of a common or interrelated financing for the Company and its Subsidiaries.