Bank Credit Facility. On or prior to the Closing Date, Purchaser shall have replaced the Bank Credit Facility.
Bank Credit Facility. Section 1.1(b) of the Original Agreement is hereby amended by replacing the phrase “Third Amended and Restated Credit Agreement dated as of February 5, 2010” with the following “Amended and Restated Credit Agreement, dated as of August 13, 2013.”
Bank Credit Facility. The lenders under the existing credit facility of the Company shall have delivered their written consent to the Merger and the transactions contemplated hereby or a new credit facility shall have been entered into and the existing facility terminated.
Bank Credit Facility. The Company shall have secured from the lenders under the Credit Facility dated February 20, 1997 (the "Bank Credit Facility"), by and among the Company and Creditanstalt Corporate Finance, Inc. (the "Bank"), (i) appropriate amendments to the Bank Credit Facility modifying the covenants thereunder so that the Company shall be in full compliance with all of the covenants thereunder on the Closing Date, and (ii) waivers of all violations, breaches of covenants and events of default under the Bank Credit Facility, in form and substance acceptable to the Purchaser, in its sole discretion.
Bank Credit Facility. At the Closing Date, the Company covenants and agrees that (i) the loan covenants under the Bank Credit Facility presently allows the Company and its Subsidiaries to conduct business as currently conducted without violating such covenants, and (ii) all past conflicts, violations or breaches of, or defaults under, the loan covenants have been cured or waived by the Bank.
Bank Credit Facility. The Partnership shall have entered into the bank credit agreement or agreements contemplated by Section 1.6 and the conditions precedent to the availability of funds thereunder shall have been satisfied (subject only to the closing of the transactions contemplated by this Agreement).
Bank Credit Facility. Concurrently herewith, LVSI, Venetian, the Bank Agent, Xxxxxxx Xxxxx Credit Partners L.P., as syndication agent, sole lead arranger and sole bookrunner, and the Bank Lenders have entered into the Bank Credit Agreement, pursuant to which the Bank Lenders have agreed, subject to the terms thereof and hereof, to provide certain credit facilities to LVSI and VCR, jointly and severally, in an aggregate amount not to exceed $1,010,000,000. The Bank Credit Facility will be used, among other things, to (i) repay all amounts outstanding under the Company's existing bank credit facility described in Recital B, (ii) finance a portion of the development and construction costs of the Phase II Hotel/Casino and (iii) for certain other purposes, all as more particularly described in the Bank Credit Agreement and the Disbursement Agreement. LCR and certain other subsidiaries of LVSI and Venetian have guaranteed LVSI and Venetian's obligations under the Bank Credit Agreement. As more particularly described in Section 2, the Bank Credit Facility is secured by a first priority Lien on the Collateral and the Mortgage Notes are secured by a second priority Lien on the Collateral.
Bank Credit Facility. This Agreement, the Obligations and the Commitment are intended to constitute the "Bank Credit Facility" under the New Indenture and "Senior Bank Indebtedness" under the Original Indenture. This Agreement represents an amendment and restatement of the "New Working Capital Facility" under the Original Indenture and the "Bank Credit Facility" under the New Indenture.
Bank Credit Facility. A. The Company acknowledges that the Required Holders must approve of any refinancing, amendment, modification or supplementing of the B Share Loans under the Bank Credit Facility or of any alternative method of financing the B Shares which approval will not be unreasonably withheld.
Bank Credit Facility. At the Closing Time, (i) the Bank Credit Facility will conform in all material respects to the description thereof contained in the Offering Memorandum and (ii) the Term B Loan (as defined in the Offering Memorandum) and the Term C Loan (as defined in the Offering Memorandum) shall have been advanced to the Company.
