Bank Credit Facility definition

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.

Bank Credit Facility means, as at December 31, 2019, the Corporation's US$600 million unsecured, covenant-based revolving credit facility with a syndicate of financial institutions. See “Description of Capital Structure – Bank Credit Facility” and "Material Contracts and Documents Affecting the Rights of Securityholders"

Bank Credit Facility means a revolving credit, term credit and/or letter of credit facility, the proceeds of which are used for working capital and other general corporate purposes to be entered into by one or more of the Company and/or its Restricted Subsidiaries and certain financial institutions, as amended, extended or refinanced from time to time. The New Credit Facility will constitute a Bank Credit Facility.

Examples of Bank Credit Facility in a sentence

• The Bank Credit Facility bears interest at a rate based on the bank’s prime rate of interest or bankers’ acceptances plus a margin.

• The Bank Credit Facility and the CTC Credit Facility are collectively referred to as the “Credit Facilities”.

• The Bank Credit Facility and the CTC Credit Facility are collectively referred to herein as the “Credit Facilities”.

• Debt Covenants The Company has undertaken to maintain certain covenants in respect of the Unsecured Committed Bank Credit Facility.

• CT REIT has sufficient liquidity to fund these future commitments as a result of (i) its conservative use of leverage on the balance sheet, (ii) liquidity on hand, (iii) its Bank Credit Facility, (iv) an investment grade credit rating, (v) unencumbered assets, and (vi) sufficient operating cash flow retained in the business.

More Definitions of Bank Credit Facility

Bank Credit Facility as defined in the Trust Agreement.

Bank Credit Facility means the Initial Bank Credit Facility and, at any time, each other New Credit Facility then in effect.

Bank Credit Facility means the credit agreement, dated November 13, 2014, by and among the Partnership, as the borrower, the banks and financial institutions named therein, and the other parties thereto.

Bank Credit Facility means, collectively, the delay draw term loan credit facility and the revolving credit facility (including the letter of credit facility thereunder) described and made available to Xxxx Las Vegas by the Bank Lenders pursuant to the Bank Credit Agreement.

Bank Credit Facility means, as of December 31, 2013, the Corporation's $1.0 billion unsecured, covenant-based revolving credit facility with a syndicate of financial institutions: see "Material Contracts and Documents Affecting the Rights of Securityholders";

Bank Credit Facility means the senior unsecured revolving credit facility in the amount of $300 million made available to the Partnership on October 23, 2013 by a syndicate of lenders, as amended from time to time.

Bank Credit Facility in the Original Indenture. The definition of "Bank Credit Facility" in Section 101 of the Original Indenture is hereby amended and restated as follows: