Subordinate Facility definition

Subordinate Facility means that certain Second Amended and Restated Term Loan Credit Agreement dated as of February 20, 2007 by and among the Borrower, PWJ Lending LLC, as agent, and the lenders from time to time party thereto, as amended, modified or supplemented from time to time.
View Source
Subordinate Facility means, collectively, this Agreement, the BOTW Agreement and the State Street Agreement.
View Source
Subordinate Facility means that certain $30,000,000.00 credit facility provided by KeyBank National Association to the Parent pursuant to that certain Credit Agreement of even date.
View Source

Examples of Subordinate Facility in a sentence

  • If on or prior to December 15, 2008, the Administrative Agent shall not have been provided with a copy of an executed amendment or other modification to the Subordinate Facility extending its maturity date to February 20, 2011 or later.

  • All payments shall be first applied to: (a) the payment of accrued interest and principal due and owing on the Senior Debt; (ii) to the payment of accrued interest due and owing on the Subordinate Facility; and (iii) to principal due and outstanding under the Subordinate Debt.

  • After giving effect to the transactions contemplated by this Agreement and the Subordinate Facility, and before and after giving effect to each Credit Extension, the Loan Parties, on a Consolidated basis, are Solvent.

  • The Borrower has requested that the Credit Agreement be amended so as to permit the Borrower to, among other things, borrow up to $35,000,000 in term loans pursuant to the Subordinate Facility (hereinafter defined) in two tranches, secured by all of Borrower’s assets, and use the proceeds thereof for working capital and general corporate purposes.


More Definitions of Subordinate Facility

Subordinate Facility means, collectively, this Agreement and the State Street Agreement and the RBC Agreements.
View Source
Subordinate Facility means, collectively, this Agreement and the BOTW Agreement and the RBC Agreements.
View Source
Subordinate Facility means that certain credit facility provided to the Borrower pursuant to the terms of the Subordinate Credit Agreement and related Security Documents (as defined in the Subordinate Credit Agreement).
View Source