Refinancing Facility definition

Refinancing Facility has the meaning specified in Section 2.16(a).
Refinancing Facility means, at any time, as the context may require, the aggregate amount of Refinancing Term Commitments and/or Other Revolving Commitments of a given Refinancing Series at such time and, in each case, but without duplication, the Credit Extensions made thereunder.
Refinancing Facility means any new Class of Loans or Commitments or increases to existing Classes of Loans or Commitments established pursuant to Section 2.15(b).

Examples of Refinancing Facility in a sentence

  • On 24 December 2020, the Trustee had entered into a facility agreement with, among others, OCBC and CIMB Bank Berhad, Singapore Branch to refinance the 2018 Secured Loan Facilities (S$400 million) with a loan facility of up to S$260 million (Refinancing Facility) in order to meet the S$195.5 million repayment obligation (updated as at 31 December 2020 based on unaudited financial statements for FY2020) on 1 March 2021 under the 2018 Secured Loan Facilities.

  • Under the Refinancing Facility, it is a condition that First REIT undertakes an equity fund raising exercise to repay the difference between S$400 million and S$260 million, being S$140 million.

  • Rediscounting and Refinancing Facility - This helps banks to provide pre and post shipment finance in local currency to support non-oil exports.

  • S$140.0 million as part of the gross proceeds from the Right Issue would be immediately repaid to cover the shortfall between the S$260 million Refinancing Facility and S$400 million in 2018 Secured Loan Facilities.


More Definitions of Refinancing Facility

Refinancing Facility shall have the meaning assigned to such term in Section 2.27(a).
Refinancing Facility means a secured credit facility, acceptable to the Debtors or the Reorganized Debtors, as the case may be, and the Term Loan Agent, which can constitute a portion of the Exit Facility, that refinances the Revolving Credit Facility.
Refinancing Facility means as defined in Section 2.18.
Refinancing Facility means an Incremental Facility (or portion thereof) which refinances one or more tranches of term loans and/or revolving facilities (including revolving loans thereunder) under this Agreement; provided that the portion of any Incremental Facility that is deemed a Refinancing Facility shall be limited to the amount equal to the aggregate principal amount of the term loans and/or revolving facilities being refinanced plus unpaid accrued interest and premium (if any) thereon and underwriting discounts, fees, commissions and expenses incurred in connection therewith.
Refinancing Facility means, at any time, as the context may require, the aggregate amount of the Refinancing LendersRefinancing Loans at such time and, in each case, but without duplication, the Credit Extensions made thereunder.
Refinancing Facility means an Refinancing Term Facility or an Refinancing Revolving Credit Facility, as the context may require.
Refinancing Facility means a credit or loan facility, an issuance of debt or equity securities, or capital contribution, in each case that refinances and repays in full in cash the Company’s and its subsidiaries senior credit and loan facilities existing on the date hereof (and any replacement facilities contemplated thereby).