RC Facility definition

RC Facility means the RC Facility Commitments and the provisions herein related to the RC Facility Loans and Letters of Credit.
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RC Facility means the revolving credit facility referred to in clause 2.1.1(a)(i) in the amount of up to the RC Facility Limit and made available by the Banks to the Borrower pursuant to this Agreement;
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RC Facility means the facility described in Section 2.1 hereof providing for RC Loans to the RC Borrowers by the RC Lenders in an aggregate principal amount at any one time outstanding not to exceed the Total RC Commitment.
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Examples of RC Facility in a sentence

  • Borrowings under the RC Facility bear interest at SIBOR plus 2.5%.

  • After such examination, each Issuing Bank shall promptly notify the Administrative Agent and the Borrower in writing of such demand for payment and whether such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the RC Facility Lenders with respect to any such LC Disbursement in accordance with clause (f) of this Section 2.04.

  • Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each applicable RC Facility Lender, specifying in such notice such RC Facility Lender’s Applicable Percentage of such Swingline Loan or Swingline Loans.

  • The Borrower may, at any time and from time to time, designate as an additional Swingline Lender one or more RC Facility Lenders that agree to serve in such capacity as provided below.

  • The Administrative Agent (for the benefit of the RC Facility Lenders and the Issuing Banks) shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account.

  • Any complaint that is not lodged through the Head of Sport nor has the endorsement of the complainant school’s Head of Sport will be dismissed.

  • Each RC Facility Lender acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to this clause (d) is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default, Event of Default or reduction or termination of the RC Facility Commitments or the occurrence of the Termination Date, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.

  • All Letters of Credit issued under the U.S. RC Facility shall be denominated in Dollars and shall be issued for the account of the applicable U.S. Borrower.

  • The Borrower may, at any time and from time to time, designate as additional Issuing Banks one or more RC Facility Lenders that agree to serve in such capacity as provided below.

  • If the Borrower fails to make such payment when due, the Administrative Agent shall notify each RC Facility Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such RC Facility Lender’s Applicable Percentage thereof.


More Definitions of RC Facility

RC Facility. The Revolving Credit Facility granted or to be granted to the Borrower pursuant to Section 3.01 hereof and includes any part(s) thereof;
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RC Facility means the Canadian RC Facility or the U.S. RC Facility.
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RC Facility the credit facility provided hereunder with respect to RC Loans. RC Lender: each Lender that signs this Agreement in respect of a RC Commitment and each successor and assign thereof.
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RC Facility means any revolving credit facility (other than an ABL Facility) entered into by one or more Obligors at any time after the Amendment No. 2 Effective Date; provided that (a) as of the date of the initial issuance thereof, such facility shall be provided by Commercial Lenders, (b) any Liens on the Collateral securing such facility shall be subject to each applicable Intercreditor Agreement, (c) such facility shall not be guaranteed by any Person that is not an Obligor and (d) the Administrative Agent is reasonably satisfied that it has received (or has otherwise agreed that reasonably satisfactory arrangements have been made for) all actions or documents reasonably requested by the it that are necessary to establish or reaffirm that all Liens intended to be constituted pursuant to the Collateral Documents remain valid, existing and in full force and effect and with the priority envisaged hereby (including, if so requested, deeds of confirmation, amendments and/or supplements to Collateral Documents and/or the applicable Intercreditor Agreement).
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RC Facility has the meaning set forth in the Recitals.
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Related to RC Facility

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • LC Facility means the letter of credit facility established pursuant to Article III.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Facility Exposure means, at any date of determination, the sum of the aggregate principal amount of all outstanding Advances and the Available Amount under all outstanding Letters of Credit.

  • Tranche A Lenders means First Union National Bank and shall include the several banks and other financial institutions from time to time party to the Credit Agreement that commit to make the Tranche A Loans.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Facility B Commitment means, with respect to each Facility B Lender, the commitment, if any, of such Lender to make Facility B Revolving Loans and to acquire participations in Facility B Letters of Credit, Facility B Protective Advances and Facility B Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility B Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility B Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility B Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility B Commitments is $200,000,000.

  • Public facility means 1 or more of the following:

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Availability Period means the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the date of termination of the Commitments.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Bank Facility means any credit agreement, including the Credit Agreement dated June 28, 2012 among Bank of America, N.A., Equinix, Inc. and the guarantors party thereto, as amended, 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 Company 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.

  • Term A Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term A Commitments at such time and (b) thereafter, the aggregate principal amount of the Term A Loans of all Term A Lenders outstanding at such time.

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Facility A Commitment means, with respect to each Facility A Lender, the commitment, if any, of such Lender to make Facility A Revolving Loans and to acquire participations in Facility A Letters of Credit, Facility A Protective Advances and Facility A Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility A Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility A Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility A Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility A Commitments is $150,000,000.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

  • Electric Facility means a Generator or an electric transmission facility.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Facility Usage means, at the time in question, the aggregate amount of outstanding Loans and LC Obligations at such time.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Unissued Letter of Credit Commitment means, with respect to any Issuing Bank, the obligation of such Issuing Bank to issue Letters of Credit for the account of the Borrower or its specified Subsidiaries in an amount equal to the excess of (a) the amount of its Letter of Credit Commitment over (b) the aggregate Available Amount of all Letters of Credit issued by such Issuing Bank.