Supplemental Facility definition

Supplemental Facility has the meaning provided in Section 11.01(c).
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Supplemental Facility is defined in Section 2.4.1.
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Supplemental Facility means a committed or uncommitted residential mortgage funding facility (which includes a warehouse line of credit, repurchase facility and off-balance sheet funding facility), other than this Repurchase Agreement, in favor of one or more of the Sellers for the origination of one or more Asset Types.
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Examples of Supplemental Facility in a sentence

  • The Supplemental Facility will initially mature on June 30, 2016 and can be extended for an additional year at our sole option.

  • The total amount of the Facility Fee is to be as specified in the Supplemental Facility Fee Letter and an invoice to be issued by the Lender to the Borrower not later than two Business Days before the Closing Date.

  • Our Commercial Paper program is supported by our Credit Facility and Supplemental Facility and if necessary or appropriate, we may make one or more draws under either the Credit Facility or Supplemental Facility to pay amounts outstanding from time to time on the Commercial Paper program.

  • The base interest rate on the amended Supplemental Facility was reduced to LIBOR plus 80 basis points and the additional facility fee was reduced to 10 basis points.

  • The total amount of the Facility Fee is to be as specified in the Supplemental Facility Fee Letter and an invoice to be issued by the Lender to the Borrower not later than one Business Day before the Closing Date.

  • The base interest rate on the Supplemental Facility is LIBOR plus 80 basis points with an additional facility fee of 10 basis points.

  • The initial maturity date of the Supplemental Facility was extended to June 30, 2022 and can be extended for an additional year to June 30, 2023 at our sole option, subject to our continued compliance with the terms thereof.

  • Also, see memo titled Supplemental Facility Information Obtained from Various State/Local Agencies and Additional Analysis.

  • The Borrower will make payment to the Agent of all costs and expenses (including VAT, legal fees and reasonable out of pocket expenses) incurred by it in connection with the negotiation, preparation and execution of this Supplemental Facility Agreement.

  • And I think sometime in the next few days my economic team—Mr. Rubin is here—and our national security team will come back with a set of options and rec- ommendations to me.


More Definitions of Supplemental Facility

Supplemental Facility means a residential mortgage funding facility (other than the facility evidenced by this Agreement and other than a warehouse facility) in favor of either Seller.
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Supplemental Facility means a credit or other debt facility entered into by Buyer after the date hereof (a) of which true and correct copies are delivered to Seller upon delivery of the Funds Certification Notice, together with all exhibits, schedules, annexes and amendments to such agreement in effect as of the date of the Funds Certification Notice, (b) with respect to which Buyer represents and warrants to Seller in the Funds Certification Notice that (i) Buyer has delivered true and complete copies thereof, including all exhibits, schedules, annexes and amendments thereto as of the Funds Certification Notice, (ii) the respective obligations contained therein have not been withdrawn, modified or rescinded in any respect prior to the date of the Funds Certification Notice, (iii) such facility is in full force and effect and constitutes the legal, valid and binding obligation of each of the parties thereto, (iv) no consents, approvals or waivers of any lenders or other Person a party thereto needs to be obtained in order for Buyer to obtain funds thereunder, (v) there are no conditions precedent to the funding of any borrowings under thereunder that will delay, frustrate or impede the Closing, (vi) all fees required to be paid thereunder have been paid by Buyer, (vii) which has a maturity date at least 181 days after the Termination Date, and (viii) the available borrowings thereunder, when taken together with other financial resources of Buyer (including available borrowings under the Credit Facility and cash on hand and marketable securities of Buyer) on the Closing Date, will, in the aggregate, be sufficient for the timely satisfaction of Buyer’s obligations under this Agreement and the Ancillary Agreement, and (c) with respect to which Buyer covenants and agrees for the benefit of Seller, not to amend, modify or waive prior to the Closing Date in a manner that is reasonably likely to delay, impede or frustrate the Closing.
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Supplemental Facility means the revolving credit facility in an aggregate principal amount of $50,000,000 made available to the Borrower by the Supplemental Facility Lenders pursuant to the Supplemental Credit Agreement.
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Supplemental Facility means each additional facility which the Bank may offer and the Retailer may accept from time to time.
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Related to Supplemental Facility

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

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • Incremental Facility Amendment has the meaning assigned to such term in Section 2.20(f).

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

  • Refinancing Amendment means an amendment to this Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Borrower executed by each of (a) the Borrower and Holdings, (b) the Administrative Agent and (c) each Additional Lender and Lender that agrees to provide any portion of the Credit Agreement Refinancing Indebtedness being incurred pursuant thereto, in accordance with Section 2.21.

  • Supplemental Loan means any loan that is subordinate to the Senior Indebtedness.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Refinancing Notes means any secured or unsecured notes or loans issued by the Borrower or any Subsidiary Loan Party (whether under an indenture, a credit agreement or otherwise) and the Indebtedness represented thereby; provided, that (a) (i) 100% of the Net Proceeds of such Refinancing Notes that are secured on a pari passu basis with the Term B-1 Loans are used to permanently reduce Loans and/or replace Commitments substantially simultaneously with the issuance thereof or (ii) 90% of the Net Proceeds of any other Refinancing Notes are used to permanently reduce Loans and/or replace Commitments substantially simultaneously with the issuance thereof; (b) the principal amount (or accreted value, if applicable) of such Refinancing Notes does not exceed the principal amount (or accreted value, if applicable) of the aggregate portion of the Loans so reduced and/or Commitments so replaced (plus unpaid accrued interest and premium (including tender premiums) thereon and underwriting discounts, defeasance costs, fees, commissions and expenses); (c) the final maturity date of such Refinancing Notes is on or after the Term Facility Maturity Date or the Revolving Facility Maturity Date, as applicable, of the Term Loans so reduced or the Revolving Facility Commitments so replaced; (d) the Weighted Average Life to Maturity of such Refinancing Notes is greater than or equal to the Weighted Average Life to Maturity of the Term Loans so reduced or the Revolving Facility Commitments so replaced, as applicable; (e) in the case of Refinancing Notes in the form of notes issued under an indenture, the terms thereof do not provide for any scheduled repayment, mandatory redemption or sinking fund obligations prior to the Term Facility Maturity Date of the Term Loans so reduced or the Revolving Facility Maturity Date of the Revolving Facility Commitments so replaced, as applicable (other than customary offers to repurchase or mandatory prepayment provisions upon a change of control, asset sale or event of loss and customary acceleration rights after an event of default); (f) the other terms of such Refinancing Notes (other than interest rates, fees, floors, funding discounts and redemption or prepayment premiums and other pricing terms), taken as a whole, are substantially similar to, or not materially less favorable to the Borrower and its Subsidiaries than the terms, taken as a whole, applicable to the Term B-1 Loans (except for covenants or other provisions applicable only to periods after the Latest Maturity Date in effect at the time such Refinancing Notes are issued), as determined by the Borrower in good faith (or, if more restrictive, the Loan Documents are amended to contain such more restrictive terms to the extent required to satisfy the foregoing standard); (g) there shall be no obligor in respect of such Refinancing Notes that is not a Loan Party; and (h) Refinancing Notes that are secured by Collateral shall be subject to the provisions of a Permitted Pari Passu Intercreditor Agreement or a Permitted Junior Intercreditor Agreement, as applicable.

  • 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.

  • Extension Amendment has the meaning set forth in Section 2.16(d).

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

  • Additional Facility means an additional term or revolving facility referred to in Section 2.14 and “Additional Facilities” means all or any such Additional Facilities.

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • Commitment Increase Supplement as defined in subsection 2.20(c).

  • Refinancing Agreement as defined in Subsection 8.3(c).

  • Additional Facilities has the meaning assigned to that term in Section 2.9(a).

  • 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.

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

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Term Facilities means, at any time, the Term A Facility and the Term B Facility.

  • Term Loan Extension Series has the meaning set forth in Section 2.16(a).

  • New Lender Supplement as defined in Section 2.1(c).

  • 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.

  • Additional Senior Debt Facility means each indenture or other governing agreement with respect to any Additional Senior Debt.

  • L/C Amendment Application means an application form for amendment of outstanding standby or commercial documentary letters of credit as shall at any time be in use at the Issuing Bank, as the Issuing Bank shall request.