Senior Bank Facility definition

Senior Bank Facility means the loan of [AMOUNT AND CURRENCY] and letter of credit facility to be made available pursuant to the facility agreement made between the Concessionaire, [LENDERS] and bearing even date herewith.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Senior Bank Facility means the credit facility, comprised of a revolving term facility and a revolving working capital facility, pursuant to the credit agreement (as amended) between Compton, as borrower, certain Canadian chartered banks and other financial institutions, as lenders, and Bank of Montreal, as administrative agent, dated August 15, 2007, as such will be amended pursuant to the Recapitalization;

Senior Bank Facility means the Credit Agreement for $175,000,000, dated as of April 29, ▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Industries, Inc. and Chase Manhattan Bank.

Examples of Senior Bank Facility in a sentence

In the event that the Senior Bank Facility is amended to include an additional financial maintenance covenant, such additional financial maintenance covenant, or event of default relating to such covenant, shall be automatically and correspondingly added to the Definitive New Loan Documentation (taking into account any differences between the defined terms in the Senior Bank Facility and the defined terms of the Definitive New Loan Documentation) (an "Additional Maintenance Covenant").
The default provisions in the Definitive New Loan Documentation shall be similar to those in the Senior Bank Facility, except that it will only include cross-acceleration and not cross-default provisions with respect to the Senior Bank Facility.
Other than as set out above, no amendments, waivers or modifications to the Senior Bank Facility shall affect or alter in any way the Definitive New Loan Documentation.
With respect to the collateral currently securing the Senior Bank Facility (the "Working Capital Assets"), the security interest will be a second lien; with respect to all other property, assets and undertakings of the Credit Parties (the "Fixed Assets"), the security interest will be a first lien.
Except for the liens arising under the Senior Bank Facility, which such liens shall be released on or prior to the Closing, Seller has good title to the Shares, and JAC has good title to the Patent Shares, free and clear of all Liens.

More Definitions of Senior Bank Facility

Senior Bank Facility means our Multicurrency Credit Agreement, dated as of October 14, 1998, as it may be amended or restated from time to time.

Senior Bank Facility means the Credit Agreement, dated as of May 14, 1998, among the Company, as borrower, the lenders listed therein, as lenders, Bankers Trust Company, as administrative agent and co-syndication agent and Bank of America NT&SA, The Bank of New York and Credit Suisse First Boston, as co-syndication agents, as it may be amended or restated from time to time, and any renewal, extension, refinancing, refunding or replacement thereof.

Senior Bank Facility means the CIT Facility or a credit facility on substantially the same terms as the CIT Facility, including a first lien on Tembec’s working capital assets, a second lien on Tembec’s fixed assets (if agreed to by Tembec and the lender) and any other reasonable modifications requested by CIT or the replacement lender, as the case may be, and consented to by JPMorgan, acting reasonably.

Senior Bank Facility means the secured senior loan facility comprising Tranche S1 and Tranche S2 prior to the Satisfaction Date and thereafter consolidated into a single senior facility made available by the Senior Lenders (apart from IFC) under the Senior Bank Facility Agreement.

Senior Bank Facility means any senior commercial term loan and/or revolving credit facility (including any letter of credit subfacility) entered into principally with commercial banks and/or other financial institutions typically party to commercial loan agreements.

Senior Bank Facility means the senior bank loan and guarantee facility, dated August 5, 1996, between Jewel Holdings Limited, NatWest Capital Markets and the other parties

Senior Bank Facility means the credit facility, comprised of a revolving term facility and a revolving working capital facility, pursuant to the credit agreement (as amended) between ▇▇▇▇▇▇▇, as borrower, certain Canadian chartered banks and other financial institutions, as lenders, and Bank of Montreal, as administrative agent, dated August 15, 2007, as such will be amended pursuant to the Recapitalization; and