Senior Revolver Facility definition

Senior Revolver Facility. With respect to any Loan, a senior secured revolving facility incurred by the Obligor of such Loan that is prior in right of payment to such Loan so long as the outstanding principal balance and unfunded commitments of such facility does not exceed 15% of the sum of (x) the outstanding principal balance of the Loan, plus (y) the outstanding principal balance and unfunded commitments of such revolving facility, plus (z) the outstanding principal balance of any other debt for borrowed money incurred by such Obligor that is pari passu with such Loan.
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Senior Revolver Facility means the $50 million revolving credit facility dated as of October 22, 2010 by and between Reddy Corp. and Macquarie Bank Limited as lender, and as of December 10, 2010, as administrative agent.
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Senior Revolver Facility. With respect to any Loan, a senior secured revolving facility incurred by the Obligor of such Loan that is prior in right of payment to such Loan so long as the outstanding principal balance and unfunded commitments of such facility does not exceed 1520 % of the sum of (x) the outstanding principal balance of the Loan, plus (y) the outstanding principal balance and unfunded commitments of such revolving facility, plus (z) the outstanding principal balance of any other debt for borrowed money incurred by such Obligor that is pari passu with such Loan.
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Examples of Senior Revolver Facility in a sentence

  • For our Super Senior Revolver Facility, as no amounts have been drawn, deferred financing fees of $0.3 million and $0.2 million have been classified as a non-current asset on the Consolidated Balance Sheets as of December 31, 2018 and 2017, respectively.

  • The Subsidiary Company uses these derivatives to hedge the interest rate risk arising from drawdowns under the Senior Revolver Facility but has not adopted hedge accounting in respect of this relationship.

  • The Directors consider it appropriate to prepare the financial statements on the going concern basis on the grounds that the Company has access to sufficient funds to finance its activities through the issuance of call notices in respect of uncalled capital commitments and through drawdowns under the senior revolver facility available to the Subsidiary Company (the "Senior Revolver Facility").

  • For our Super Senior Revolver Facility, as no amounts were drawn as of December 31, 2019, deferred financing fees of $0.2 million were classified as a noncurrent asset on the Consolidated Balance Sheets as of December 31, 2019.

  • Access to the building can be gained by ringing the doorbell at the main office entrance and waiting to be granted entry.

  • The proceeds were primarily used to finance and acquire eleven Ultramax vessels in the fourth quarter of 2016 and during 2017.Super Senior Facility: Super Senior Revolver Facility refers to the $15.0 million revolver facility entered into by and among, Shipco, a wholly-owned subsidiary of the Company, as borrower, and ABN AMRO Capital USA LLC, as original lender, mandated lead arranger and agent.

  • For our Super Senior Revolver Facility, as no amounts have been drawn, deferred financing fees of $190,000 have been classified as a non-current asset on the Consolidated Balance Sheet as of December 31, 2017.

  • For our Super Senior Revolver Facility, as no amounts have been drawn, deferred financing fees of $285,342 and $190,000 have been classified as a non-current asset on the Consolidated Balance Sheet as of December 31, 2018 and December 31, 2017, respectively.

Related to Senior Revolver Facility

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

  • ABL Credit Facility means the agreement, dated as of March 30, 2015, among the Company, the Subsidiaries of the Company that borrow or guarantee obligations under such agreement from time to time, as “Credit Parties,” the lenders parties thereto from time to time and Bank of America, N.A., as agent (or its successor in such capacity), together with the related notes, letters of credit, guarantees and security documents, and as the same may be amended, restated, amended and restated, supplemented or modified from time to time and any renewal, increase, extension, refunding, restructuring, replacement or refinancing thereof (whether with the original administrative agent and lenders or another administrative agent, collateral agent or agents or one or more other lenders or additional borrowers or guarantors and whether provided under the original ABL Credit Facility or one or more other credit or other agreements or indentures).

  • 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.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • 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.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

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

  • Senior Priority Obligations as defined in the Base Intercreditor Agreement.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

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

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

  • 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).

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

  • Revolver means a short firearm having a cylinder of several chambers that are brought successively into line with the barrel to be discharged, designed to be aimed and fired by the use of a single hand.

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

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

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

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

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

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Revolving Facility means the facility under which Borrower may request Bank to issue Advances, as specified in Section 2.1(a) hereof.

  • Existing Revolver Tranche has the meaning set forth in Section 2.16(b).

  • Junior Priority Obligations means the Initial Junior Priority Obligations and any Additional Obligations constituting Junior Priority Debt.

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