Union Bank Facility definition

Union Bank Facility means the credit facility evidenced by that certain Loan and Security Agreement, dated as of May 5, 2016, by and among Hercules Funding III, the lenders party thereto from time to time, and MUFG Union Bank, N.A., as Arranger and Administrative Agent, as amended, modified or supplemented from time to time, as well as any Indebtedness that refinances such credit facility.

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Union Bank Facility means the $250,000,000 Credit Agreement, dated as of April 30, 2010, among Allegheny Energy, Inc., the banks, financial institutions and other institutional lenders party thereto, the letter of credit issuing banks party thereto and Union Bank, N.A., as administrative agent.

Union Bank Facility has the meaning given such term in Section 7.03(b).

Examples of Union Bank Facility in a sentence

We had no borrowings outstanding under either the ▇▇▇▇▇ Facility or the Union Bank Facility.
Any references to amounts related to the Union Bank Facility prior to May 5, 2016 were incurred and relate to the Prior Union Bank Facility.
If we are unable to repay debt, lenders having secured obligations, including the lenders under the ▇▇▇▇▇ Facility and the Union Bank Facility, could proceed against the collateral securing the debt.
In the event of such default, the holders of such indebtedness could elect to declare all the funds borrowed thereunder to be due and payable, together with accrued and unpaid interest, the lenders under the ▇▇▇▇▇ Facility and the Union Bank Facility or other debt we may incur in the future could elect to terminate their commitments, cease making further loans and institute foreclosure proceedings against our assets, and we could be forced into bankruptcy or liquidation.
No default (however defined, but excluding margin shortages) has occurred or is continuing under any other agreement, instrument or document between the Borrower and any person or under any agreement secured by property of the Borrower including, without limitation, the Union Bank Facility or any other agreement evidencing indebtedness of the Borrower other than such defaults as have been disclosed to the Lender prior to the date hereof or that have been effectively waived in writing by such other party.
The Union Bank Facility requires the payment of a non-use fee of 0.50% annually.
No default (however defined, but excluding margin shortages) will have occurred or be continuing under the Borrower's credit facility with Union Bank of California, N.A. (the "Union Bank Facility") or any other agreement evidencing indebtedness of the Borrower, or any other material agreement, unless such default will have been effectively waived in writing by the other party or parties thereto.
Our liquidity and capital resources are derived from our ▇▇▇▇▇ Facility, Union Bank Facility (together the “Credit Facilities”), SBA debentures, Convertible Senior Notes, 2019 Notes, Asset-Backed Notes and cash flows from operations, including investment sales and repayments, and income earned.
There can be no assurances that additional lenders will join the Union Bank Facility to increase available borrowings.
We had available borrowing capacity of approximately $75.0 million under the ▇▇▇▇▇ Facility and $30.0 million under the Union Bank Facility, subject to existing terms and advance rates and regulatory requirements.

More Definitions of Union Bank Facility

Union Bank Facility set forth in Section 1.1 of the Loan Agreement is hereby deleted in its entirety and replaced as follows:

Union Bank Facility means that certain Credit Agreement, dated as of August 31, 2005 between the Controlling Stockholder and Union Bank of California, N.A.