Existing Bank Facility definition

Existing Bank Facility means the Amended and Restated Credit Agreement dated as of August 12, 1998 among Marine Drilling Companies, Inc., the lenders named therein, ABN AMRO Bank N.V., as administrative agent for such lenders, and Christiania Bank og Kreditkasse, New York Branch, as syndication agent, as amended.
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Existing Bank Facility means the Credit Agreement, dated as of April 29, 1996, among the Borrower, the Guarantors (as defined therein), the Lenders (as defined therein) and Citicorp USA, Inc., as agent thereunder.
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Existing Bank Facility means (1) that certain Revolving Credit Agreement, dated as of September 26, 2011, among the Company, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent, Barclays Bank plc, as syndication agent, and Regions Bank and Xxxxx Fargo Bank, N.A., as co-documentation agents, as amended, and (2) following the termination of the credit agreement in (1) hereof, the new credit agreement contemplated by that certain Commitment Letter dated November 10, 2015 among the Company and X.X. Xxxxxx Securities LLC, Xxxxxxx Xxxxx Bank USA, JPMorgan Chase Bank, N.A., Xxxxxx Xxxxxxx Senior Funding, Inc., Xxxxx Fargo Securities LLC and Xxxxx Fargo Bank, N.A., including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings or refinancings thereof and any indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.08 hereof).
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Examples of Existing Bank Facility in a sentence

  • In lieu of satisfying this condition as to the Existing Bank Facility, Newco shall have the option to enter into a new credit facility (the "New Credit Facility") with a commercial lender or lenders or a syndicate of commercial lenders providing for borrowings of up to $90 million on terms and conditions reasonably satisfactory to the Lender (in either case, collectively with all documents and instruments related thereto or delivered in connection therewith, the "Bank Documents").

  • MascoTech, the Existing Banks (as hereinafter defined) and the Existing Agent (as hereinafter defined) have entered into the Existing Credit Agreement (as hereinafter defined), pursuant to which the Existing Banks provided to MascoTech a revolving credit facility in the maximum aggregate principal amount of $575,000,000 (the "Existing Bank Facility").

  • The Lender shall be reasonably satisfied with the terms and conditions of the Existing Bank Facility, as amended to permit the Transactions.

  • Each of the Domestic Subsidiaries (which are each a Debtor) has guaranteed the obligations of Venture under the Existing Bank Facility.

  • In exchange for these accommodations, the Post-Petition Agent for the Pre-Petition Lenders and the DIP Lenders agreed to forbear from exercising certain rights under the Existing Bank Facility for defaults in existence at the time of the Accommodation Agreement, subject to certain limitations.

  • Pursuant to the Eighth Amendment, the Pre-Petition Agent and the Pre-Petition Lenders waived certain existing defaults and agreed to forbear temporarily from exercising remedies available under the Existing Bank Facility and related loan documents in order to permit Venture to continue to develop and implement a restructuring plan, revised business plan and financial strategy.

  • To extend the Maturity Date, the Successor Lender required, in addition to taking an assignment of the Revolving Credit Facility, that the Debtor be a party to an extension and modification agreement, a guarantee and various other documents required by Successor Lender to perfect its interest in the Bank Collateral (collectively, the "Successor Credit Documents" and together with the Revolving Credit Facility, the "Existing Bank Facility").

  • The Bank Claims consist of all Claims against the Debtors arising under or relating to the Existing Bank Facility, except for the Bank Pre-Petition Priority Claims.

  • The Existing Bank Facility was amended on June 4, 1999, June 29, 2000, March 29, 2002, May 20, 2002, June 4, 2002, June 27, 2002, August 30, 2002 and October 28, 2002.

  • The financial institutions party to the Existing Bank Facility as lenders, including the Pre-Petition Agent, and their respective successors and assigns.


More Definitions of Existing Bank Facility

Existing Bank Facility shall have the meaning set forth in Recital Paragraph B.
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Existing Bank Facility that certain Senior Secured Revolving Credit Facility dated as of April 6, 1998, by and among the Borrower, SunTrust Bank, South Florida, National Association and Bank of America, FSB, as amended from time to time. "EXTENDED REINVESTMENT DEADLINE": as defined in the definition of "Reinvestment Notice." "FAIR MARKET VALUE": as to any property or assets of the Borrower or any Subsidiary or any property or assets proposed to be acquired by the Borrower or any Subsidiary, the fair market value of such property or assets as determined by the unanimous resolution of the board of directors of the Borrower with respect to the property or assets of the Borrower or any Subsidiary or the property or assets to be acquired by the Borrower or any Subsidiary, as the case may be.
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Existing Bank Facility means the Short-Term Standby Export Financing Agreement dated as of May 3, 2005 among Itabira Rio Doce Company Limited – ITACO, CVRD, the lenders party thereto and HSBC Bank plc, as administrative agent.
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Existing Bank Facility means that certain credit facility in the amount of $1,000,000,000 initially made available to the Borrower on March 31, 1999, as amended by that certain First Amended and Restated Credit Agreement, among, inter alia, the Borrower, Bank of America, N.A. as Administrative Agent and the ----- ---- lenders party thereto, as amended from time to time.
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Existing Bank Facility. The obligations under the Credit Agreement among Venture Holdings as borrower, the Pre-Petition Lenders and Bank One, NA, as administrative agent, dated as of May 27, 1999, and all documents executed ancillary thereto, in each case as amended through the date hereof.
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Related to Existing Bank Facility

  • Bank Facility means any credit agreement, including the Existing Credit Agreement, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Borrower as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

  • Existing bank means a savings bank, national banking association, or state chartered bank engaged in the business of banking prior to the consolidation under this section.

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

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

  • Existing Facility Agreement means the senior secured credit facility dated 26 October 2000 made between, inter alia, UPC Broadband, UPC Financing and Toronto Dominion (Texas) LLC as facility agent and the banks and financial institutions listed therein, as amended from time to time.

  • Original Lenders shall have the meaning assigned to such term in the recitals hereto.

  • 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.

  • Facility Agreement means the Facility Agreement referred to in Recital (A).

  • Existing Credit Facility means that certain Credit Agreement, dated as of December 6, 2012, by and among the Borrower, certain Subsidiaries of the Borrower, the lenders party thereto and Bank of America, N.A. as administrative agent, as amended, restated or otherwise modified from time to time prior to the date hereof.

  • 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.

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Term Credit Agreement shall have the meaning assigned to that term in the recitals to this Agreement and shall include any one or more other agreements, indentures or facilities extending the maturity of, consolidating, restructuring, refunding, replacing or refinancing all or any portion of the Term Obligations, whether by the same or any other agent, trustee, lender, group of lenders, creditor or group of creditors and whether or not increasing the amount of any Indebtedness that may be incurred thereunder.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • 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.

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Original Facility Agreement means the facility agreement dated 19 December 2018 and made between, amongst others, (i) the Borrower, (ii) the Lenders, (iii) the Mandated Lead Arrangers, (iv) the Facility Agent and the SACE Agent and (v) the Security Trustee.

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

  • 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.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

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

  • Original Lender shall have the meaning assigned to such term in the recitals.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  • Exiting Lender see Section 2.17.7.