Wells Fargo Facility definition

Wells Fargo Facility means the credit facility evidenced by Wells Fargo Credit Agreement.
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Wells Fargo Facility means that $85,000,000.00 secured revolving line of credit with Wells Fargo Preferred Capital, Inc. as agent for certain lenders, and, as applicable, such line as modified in accordance with Section 4.1(k) of this Agreement to, among other things, increase the amount of the line to $95,000,000.00.
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Wells Fargo Facility means the Loan and Security Agreement, dated August 31, 2004, by and among the lenders identified therein, Wells Fargo Foothill, Inc., a California corporation, as arranger and administrative agent, Morgan Stanley Senior Funding, Inc., a Delaware corporation, as Syndication Agent, the Company and certain of the Company’s Subsidiaries, as amended. SECTION 1.2 Other Definitions.
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Examples of Wells Fargo Facility in a sentence

  • The decrease was primarily due to lower weighted average principal balances outstanding from the $40 million redemption on our 2019 Notes which occurred in December 2015, along with lower debt issuance costs amortization of our asset backed notes, slightly offset by the increase in the weighted average principal balance outstanding on the Wells Fargo Facility.

  • As described in the McCullagh Affidavit, the Charges are proposed to rank behind the security provided by YGC pursuant to its guarantee of the Wells Fargo Facility.

  • The Supplier’s failure to maintain such insurances or satisfy the Authority, acting reasonably, that such insurances have been maintained, shall be treated as a Material Breach and shall give the Authority the right to terminate the Contract in accordance with clause 25.

  • As noted above, these results are not indicative of the expense expected to be incurred under the Wells Fargo Facility during the one year period following consummation of the Loan Portfolio acquisition as a result of loan maturities and prepayments, and the related repayment of the Wells Fargo Facility.

  • During the first quarter of 2010, Hercules had no borrowings outstanding under either the Wells Fargo Facility or the Union Bank Facility.

  • The partnership has agreed to provide a limited bad- act guarantee of the obligations of its indirect wholly owned subsidiary under the Wells Fargo Facility.

  • The Wells Fargo Facility has a term of three years, with two one-year extensions available at the partnership’s option, subject to certain restrictions, and upon the payment of an extension fee equal to 25 basis points on the then outstanding balance of the Wells Fargo Facility for each one-year extension.

  • Id.• Midway’s liabilities far exceeded its assets by January 2008.• Midway’s management informed the Board Defendants that Midway was running out of cash and breaching a liquidity covenant in the Wells Fargo Facility.

  • Wells Fargo Facility - balance due as of June 23, 1999 is $3,770,509.

  • The Wells Fargo Facility contains (1) affirmative and negative covenants and (2) provisions regarding events of default that, in each case, are normal and customary for similar repurchase facilities.

Related to Wells Fargo Facility

  • Wells Fargo means Wells Fargo Bank, National Association.

  • Wachovia means Wachovia Bank, National Association, a national banking association, and its successors.

  • KeyBank means KeyBank National Association.

  • Bank of America Fee Letter means the letter agreement, dated as of September 28, 2018 between the Borrower and Bank of America.

  • Electric Facility means a Generator or an electric transmission facility.

  • JPMorgan means JPMorgan Chase Bank, N.A. and its successors.

  • PNC Bank means PNC Bank, National Association.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • BMO shall have the meaning assigned to such term in the preamble to this Agreement.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Credit Facility Agent means the then acting Agent as defined in and under the Credit Facility or any successor thereto.

  • 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.

  • Xxxxx Fargo Fee Letter means the letter agreement, dated June 19, 2013 among the Company, Xxxxx Fargo Bank, N.A. and Xxxxx Fargo Securities, LLC.

  • Foothill means Foothill Capital Corporation, a California corporation.

  • JPM shall have the meaning assigned to such term in the preamble to this Agreement.

  • Bank of America means Bank of America, N.A. and its successors.

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • New Credit Facility is defined in Section 9.8.

  • Wells Fargo Bank Wells Fargo Bank, N.A., or its successor in interexx.

  • 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.

  • 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.

  • Citi shall have the meaning assigned to such term in the preamble to this Agreement.

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • Local Facility Provider means HSBC Trinkaus & Xxxxxxxxx XX, Deutsche Bank AG, Commerzbank Aktiengesellschaft and Hong Kong and Shanghai Banking Corporation Ltd., Thailand, Bank of America, N.A., Canada Branch, FIA Card Services, N.A., Citibank N.A., Citibank (China) Co., Ltd., Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex, Bank of America, N.A., provided in each case it has become a party to, or by execution of an additional bank secured party acknowledgment has agreed to be bound by the terms of, the First Lien Intercreditor Agreement in its capacity as local facility provider.

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

  • CIT means The CIT Group/Business Credit, Inc.