Subordinated Credit Facility definition

Subordinated Credit Facility has the meaning set forth in the General Resolution.
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Subordinated Credit Facility means a letter of credit, revolving credit agreement, standby purchase agreement, surety bond, insurance policy or similar obligation, arrangement or instrument issued by a bank, insurance company or other financial institution which (i) provides for payment of all or a portion of the principal of or interest on any Subordinated Indebtedness, (ii) provides funds for the purchase of any Bonds or Subordinated Indebtedness, or any portion of any thereof, or (iii) secures the payment by the Authority of its obligations under a Financial Contract relating to Bonds or Subordinated Indebtedness.
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Subordinated Credit Facility means the Subordinated Loan Agreement, dated as of October 30, 1998, among the Company, HET and HOC, together with any related documents, as such agreement may be amended, supplemented or modified from time to time.
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Examples of Subordinated Credit Facility in a sentence

  • Concurrently with the closing of the Senior Credit Facility, SEC will also enter into the $200,000,000 Subordinated Credit Facility.

  • Proceeds of the Subordinated Credit Facility will be used to finance the Offer, to refinance certain existing indebtedness of SEC and Essex International and to pay related fees and expenses.

  • The Subordinated Credit Facility will be guaranteed by certain subsidiaries of Superior (including Essex), on a joint and several basis.

  • Upon a change of control (as defined in the Subordinated Credit Facility), SEC will be required to offer to repurchase the Subordinated Credit Facility indebtedness at a purchase price equal to 101% of the principal amount thereof, plus accrued interest thereon to the date of repurchase.

  • The Subordinated Credit Facility will mature in 2006 and will be redeemable at the option of SEC at any time after closing.

  • DIP Indebtedness means, as of the date of determination, the balance of principal, accrued interest and other amounts then outstanding in respect of the debtor-in-possession loans (exclusive of any loans made under the Junior Subordinated Credit Facility) made by HOCI or any of its Affiliates at any time on or before the Effective Date to HJC pursuant to orders of the Bankruptcy Court entered at any time on or before the Effective Date.

  • From 2006 until the overthrow of the old regime, Egypt cooperated with Israel to maintain the blockade of the Gaza Strip and agreed with Israel over the need to contain Hamas and to prevent Iran from increasing its influence throughout the region.

  • The Bonds offered hereby are Obligation Bonds, representing direct obligations of the Company, and the net proceeds from this offering will be used primarily to repay a portion of the indebtedness under the Sponsors Subordinated Credit Facility which is secured by one of the Series of such Pledged Bonds.

  • On or before the Effective Date, JCC and HET (or an Affiliate of HET) shall execute and deliver the Junior Subordinated Loan Documents pursuant to which JCC shall obtain the Junior Subordinated Credit Facility.

  • Express preemption also effectively becomes irrelevant because it overlaps completely with conflict preemption here, i.e., the statute expressly preempts only state laws that create a “positive conflict.” See, e.g., County of San Diego v.


More Definitions of Subordinated Credit Facility

Subordinated Credit Facility has the meaning assigned to such term in the Student Loan Purchase Agreement.
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Subordinated Credit Facility. Subordinated Credit Facility" shall mean that certain Subordinated Loan Agreement entered into by and among the Company, HET and HOCI, pursuant to Section 6.2(i) of the Plan, pursuant to which HET and HOCI shall loan to the Company an original principal amount not to exceed Twenty Two Million Five Hundred Thousand Dollars ($22,500,000).
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Subordinated Credit Facility means the credit agreement (the "Subordinated Credit Agreement"), dated as of _________, 1998, among the Company, the Parent Guarantor, HET and HOC, together with any related documents, as such agreement may be amended, supplemented or modified from time to time.
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Subordinated Credit Facility means that certain Loan Agreement dated as of April 30, 2001 by and among the Borrower, the lenders party thereto and DDJ, as agent for the subordinated lenders.
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Subordinated Credit Facility means the note purchase agreement dated as of October 30, 2002 by and among Arizona Mail Order Company, Inc., PC Flowers & Gifts.com LLC, Figi's, Inc., LM&B Catalog, Inc., Figi's Business Servxxxx, Xxx., Figi's Mail Order Gifts, Inc., Monterey Bay Clothing Company, Inc., and Bedford Fair Apparel, Inc. as borrowers, the Company, as guarantor, CapitalSource, as agent, and the other lenders from time to time party thereto, as amended.
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Subordinated Credit Facility means a subordinated credit facility of the Purchaser evidenced by a revolving credit agreement substantially in the form attached hereto as Attachment F.
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Related to Subordinated Credit Facility

  • 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.

  • ABL Credit Facility means the senior secured asset-based revolving loan facility and the term loan facilities made pursuant to the ABL Credit Agreement.

  • 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.

  • 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).

  • 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.

  • Principal Credit Facility means any loan agreement, credit agreement, note purchase agreement, indenture or similar document under which credit facilities in the aggregate original principal or commitment amount of at least $20,000,000 are provided for.

  • New Credit Facility is defined in Section 9.8.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrowers, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent.

  • 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.

  • ABL Credit Agreement as defined in the recitals hereto.

  • Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Subordinated Loan Documents means at any time the agreements and other documents then governing the Subordinated Indebtedness.

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

  • 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.

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • First Lien Credit Agreement has the meaning set forth in the Recitals to this Agreement.

  • Subordinated Loan Agreement means a binding agreement with a Subordinated Debt Provider providing unsecured debt financing for the benefit of the Energy Complex and on terms and conditions that shall satisfy the requirements of the Financing Documents.

  • 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 Secured Credit Agreement means the Amended and Restated Credit Agreement dated as of July 31, 2008 among the Company, as Borrower, JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders parties thereto from time to time, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings or refinancings thereof and any indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund 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 1111).

  • Existing ABL Credit Agreement means that certain ABL credit agreement, dated as of April 19, 2013, among Petco Animal Supplies, Inc., the lenders party thereto, Bank of America, N.A., (as successor to Credit Suisse AG) as administrative agent, Xxxxx Fargo Bank, National Association, as collateral agent, and the subsidiaries of Petco Animal Supplies, Inc. from time to time party thereto, as amended by that certain First Amendment to the ABL Credit Agreement, dated as of November 21, 2014.

  • Existing Credit Facility means that certain Credit Agreement, dated as of December 6, 2012, by and among the Borrower, certain Subsidiaries of the Borrower, the lenders party thereto and Bank of America, N.A. as administrative agent, as amended, restated or otherwise modified from time to time prior to the date hereof.

  • Subordinated Debt Documents means any documents evidencing and/or securing Debt governed by a Subordination Agreement, all of which documents must be in form and substance acceptable to Agent in its sole discretion. As of the Closing Date, there are no Subordinated Debt Documents.

  • Bridge Credit Agreement means that certain Credit Agreement, dated as of December 24, 2018, by and among Parent Borrower, as Borrower, Citibank, N.A., as Agent and the other parties thereto.