Material Debt Facility definition

Material Debt Facility shall have the meaning set forth in Section 6.1(j).

Material Debt Facility means, as to the Company and its Subsidiaries,

Material Debt Facility. As defined in Section 11.1(g) of this Agreement.

Examples of Material Debt Facility in a sentence

• The Company shall promptly notify the Trustee and cause each Restricted Subsidiary that, on the Issue Date or any time thereafter, Guarantees any Indebtedness of the Company or any Subsidiary Guarantor under the ABL Facility or any other Material Debt Facility to execute and deliver to the Trustee a supplemental indenture substantially in the form of Exhibit B to this Indenture, pursuant to which such Restricted Subsidiary shall become a party to this Indenture as a Subsidiary Guarantor.

• Section 3.6 of the Indenture provides that the Company is required to cause each Restricted Subsidiary that Guarantees or borrows under, on the Issue Date or any time thereafter, the ABL Facility or any other Material Debt Facility to execute and deliver to the Trustee a supplemental indenture pursuant to which such Restricted Subsidiary shall become party to the Indenture as a Subsidiary Guarantor on the terms and conditions set forth in the Indenture.

• After the Issue Date, the Company will cause each of its domestic Restricted Subsidiaries (other than any domestic Restricted Subsidiary that is a Receivable Subsidiary) that (1) is not an Immaterial Subsidiary, (2) is a borrower under any Material Debt Facility or (3) Guarantees (a) any Debt of the Company or (b) any Debt of the Company’s domestic Restricted Subsidiaries, in the case of either (a) or (b), incurred under any Material Debt Facility, to Guarantee the Notes.

• The Borrower shall furnish the Lender written notice (a) promptly upon, and in any event within five (5) Business Days after any Responsible Officer has Knowledge of, any condition or event that constitutes an “event of default” under any Material Debt Facility, and (b) promptly upon, and in any event within three (3) Business Days after, the involuntary termination or acceleration or involuntary material reduction in the amount available for borrowing under, any Material Debt Facility.

• The national fiscus resources the country’s development agenda and has programmes in place to ensure that built environment grants are allocated to the achievement of national development priorities (e.g. City Support Programme).

• Amended and Restated Note Purchase Agreement of any Material Debt Facility as of the date hereof.

More Definitions of Material Debt Facility

Material Debt Facility has the meaning set forth in Section 11(1).

Material Debt Facility means commitments or Indebtedness under any Debt Facility of the Company or any Subsidiary Guarantor (or, during a Suspension Period, any Restricted Subsidiary of the Company (other than a Foreign Subsidiary)) in an aggregate principal amount equal to or greater than $50.0 million.

Material Debt Facility means commitments or Indebtedness under any Debt Facility of the Company or any Subsidiary Guarantor in an aggregate principal amount equal to or greater than $1.0 million.

Material Debt Facility means any credit, loan or borrowing facility or note purchase facility of the Company or any Subsidiary providing for a credit or loan commitment (whether or not any Indebtedness pursuant thereto shall be outstanding) in a principal amount in excess of $50,000,000. For the avoidance of doubt, Material Debt Facility shall include the Bank Credit Agreement.

Material Debt Facility means any Indebtedness of a Loan Party which is either (a) outstanding in an aggregate principal amount of $[***] or more, or (b) available to such Loan Party (whether on a committed or uncommitted basis) in a maximum aggregate principal amount of $[***] or more.