Secured Bank Facilities definition

Secured Bank Facilities means the Second Priority Bank Facilities and the loans and commitments documented under the First Priority Credit Agreement.
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Secured Bank Facilities means the Second Priority Bank Facilities and the Loans and Commitments pursuant to this Agreement. “Secured Debt” means Indebtedness, the payment of which is secured by a Lien (other than a Permitted Lien listed in clauses (a) - (g) of thedefinition thereof set forth herein) on any Property owned or leased by the Borrower or any Consolidated Subsidiary (it being understood that Indebtedness of any Subsidiary (other than a Guarantor) that is material to the value of such Subsidiary’s assets shall be Secured Debt).
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Secured Bank Facilities means the “Facility” and/or “Facilities” under and as defined in each of the Secured Bank Facilities Agreements.
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Examples of Secured Bank Facilities in a sentence

  • Subject to paragraph(h) below, an ACE can only be made under this Agreement to the extent that amortisation conversion elections will also be made in respect of scheduled amortisation payments under each of the other Secured Bank Facilities Agreements on the relevant ACE Effective Date (together with such ACE, a “ Group ACE”).

  • Selected special covenants:13.3 f) Negative Pledge:The Issuer shall not and shall procure that any Material Subsidiary do not create any Encumbrance over any of its present or future assets or revenues other than Encumbrance (i) in favour of Senior Secured Bank Facilities and (ii) arising by operation of law or in the ordinary course of business (including but not limited to retention of title arrangements in connection with credit purchases of goods).

  • The Secured Obligations shall throughout the Security Period be secured by the Security Interests granted pursuant to the Common Security Documents in favour of the First Lien Common Security Agent as security for the Secured Bank Facilities Agreements (including the Secured Obligations) pursuant to the terms of the Intercreditor Agreement.

  • Any voluntary prepayment of any ACE Tranche (other than where such prepayment is made in accordance with Clause7.2 ( Voluntary prepayment – Refinancing)), in whole or in part, can only be made provided that all Group ACE Loans are concurrently prepaid on a pro rata basis (based on the aggregate outstanding Group ACE Loans) across the Secured Bank Facilities Agreements, and the relevant prepayment amount paid hereunder shall be applied towards the ACE Loans under this Agreement.

  • The Committee shall provide information with the forthcoming year’s budget to include the previous year’s revenues/expenses, current year’s revenues/expenses to date and current year’s budget.

  • If the Maximum Group ACE Amount (as defined below) is less than the full amount of the Group Scheduled Principal Amortisations due on that ACE Effective Date, each Group ACE shall be made on a pro rata basis (measured on the basis of scheduled principal amortisations falling due on the ACE Effective Date) across all the Secured Bank Facilities Agreements.

  • MONTY: So do we have a policy for the county as to what can go in those because if communities are dumping things in those compactors and trailers that shouldn’t be in there and it’s damaging the compactors and trailers then it should be the town’s responsibility to ensure that that equipment is being used properly.

  • RigCo has provided evidence to the Agents under the Secured Bank Facilities Agreements that RigCo Group Liquidity will, immediately following the making of the relevant prepayment, be at least equal to the aggregate of the then applicable RigCo Group Minimum Liquidity Requirement plus USD 250,000,000 (calculated on a pro forma basis and otherwise on the same basis as for testing compliance with the RigCo Group Minimum Liquidity Requirement).

  • However, the Lenders will still be able to enforce their rights against other non-US Debtor guarantors as well as pursuant to the security documents for the Secured Bank Facilities granted to them by pledgors that are not US Debtors (including the Company).As at the date of this announcement, the Company is in active and ongoing dialogue with the Lenders and their professional advisers in relation to the restructuring of the Secured Bank Facilities.

Related to Secured Bank Facilities

  • 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.

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Senior Credit Facilities means, collectively, the Senior ABL Facility and the Senior Term Facility.

  • Credit Facility Agent means the then acting Agent as defined in and under the Credit Facility or any successor thereto.

  • Senior Facility has the meaning given to the term “Facility” in the Senior Facilities Agreement.

  • Senior Secured Credit Facilities means the revolving credit facility and other credit facilities under the Credit Agreement, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings, refinancings or replacements thereof and any one or more indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund, supplement or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.09 hereof) or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, trustee, lender or group of lenders or holders.

  • Senior Bank Debt means the Indebtedness (including letters of credit) outstanding under the Credit Facility as such agreement may be restated, further amended, supplemented or otherwise modified or replaced from time to time hereafter, together with any refunding or replacement of such Indebtedness.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

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

  • 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.

  • Senior Secured Credit Facility means the Loan and Security Agreement, dated as of May 31, 2017 by and among the Company and Western Alliance Bank (as amended, amended and restated, supplemented or otherwise modified from time to time, subject to the limitations herein).

  • Debt Facility means any Senior Facility and any Second Priority Debt Facility.

  • Credit Facilities means, one or more debt facilities (including, without limitation, the Credit Agreement) or commercial paper facilities, in each case, with banks or other institutional lenders providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables) or letters of credit, in each case, as amended, restated, modified, renewed, refunded, replaced (whether upon or after termination or otherwise) or refinanced (including by means of sales of debt securities to institutional investors) in whole or in part from time to time.

  • Credit Facility Agreement means the Credit Facility and Reimbursement Agreement dated as of January 1, 2007, between the Bond Bank and the Bank providing for the timely payment, when due, of a portion of the principal of and interest on the Notes, all subject to such conditions and under such terms as described in Article X of the Indenture.

  • Credit Facility Indebtedness means any and all amounts, whether outstanding on the Issue Date or thereafter Incurred, payable under or in respect of any Credit Facility, including without limitation principal, premium (if any), interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Company or any Restricted Subsidiary whether or not a claim for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees, other monetary obligations of any nature and all other amounts payable thereunder or in respect thereof.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • Credit Facility Documents means the collective reference to any Credit Facility, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.

  • Senior Facilities means the Credit Agreement and any Additional Senior Debt Facilities.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

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

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Senior ABL Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • New Credit Facility is defined in Section 9.8.