Permitted Credit Facility definition

Permitted Credit Facility means, one or more debt facilities or arrangements (including, without limitation, this Agreement) that may be entered into by the Company, a Permitted Affiliate Parent and the Restricted Subsidiaries providing for credit loans, letters of credit or other Indebtedness or other advances, in each case, Incurred in compliance with Section 4.09.

Permitted Credit Facility means any senior commercial term loan and/or revolving credit facility, including any letter of credit subfacility, entered into principally with commercial banks and/or other persons typically party to commercial loan agreements.

Permitted Credit Facility means any senior secured or unsecured commercial term loan and/or revolving credit facilities (including any letter of credit subfacility) entered into principally with commercial banks and/or other financial institutions.

Examples of Permitted Credit Facility in a sentence

• Any such certificate furnished pursuant to this Article XXIII may be relied upon by the receiving party and any current or prospective Fee Mortgagee, Permitted Leasehold Mortgagee, Permitted Credit Facility Lender, ground or underlying landlord or purchaser of the Leased Property.

• The Issuer shall procure that during each calendar year, there shall be a period of 5 consecutive calendar days during which the amount outstanding under the Permitted Credit Facility shall amount to zero.

• On or before the sixtieth (60th) day following the Closing Date, the Foothill Credit Facility and all Liens granted thereunder shall have been terminated in form and substance satisfactory to the Lender or the Foothill Credit Facility shall have become a Permitted Credit Facility and shall remain a Permitted Credit Facility.

• The Senior Notes, as defined, shall be secured by a lien and security interest in the Collateral, junior in priority only to Liens securing the Permitted Credit Facility and, solely with respect to the securities pledged pursuant to the MRO Pledge Agreement and the Company Pledge Agreement (as those terms are defined below), junior in priority to Liens securing the Junior Notes, subject to release of such Collateral as provided herein.

• The Issuer shall procure that during each calendar year there shall be a period of five (5) consecutive days during which the amount outstanding under any Permitted Credit Facility, less cash and cash equivalents of the Group, amounts to zero (0) or less.

More Definitions of Permitted Credit Facility

Permitted Credit Facility means one or more of any Facility or any other debt facilities or arrangements that may be entered into by any member of the Borrower Group providing for credit loans, letters of credit or other indebtedness or other advances, in each case, incurred in compliance with the Credit Agreement.

Permitted Credit Facility means one or more credit agreements, loan agreements, lease agreements, commercial paper facilities, Receivables facilities or similar facilities, secured or unsecured, providing for revolving credit loans, term loans, sales of receivables or letters of credit, entered into from time to time by the Company or its Restricted Group Members, and including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, as the same may be amended, supplemented, modified, restated or replaced from time to time. A Vendor Financing that otherwise satisfies the foregoing definition will also constitute a Permitted Credit Facility.

Permitted Credit Facility means, one or more debt facilities or arrangements that may be entered into by to the Company, UPC NL Holdco, an Affiliate Covenant Party or the Restricted Subsidiaries providing for credit loans, letters of credit or other indebtedness or other advances, in each case, Incurred in compliance with the covenant described under Section 4.09 of Schedule 22 (Post Fold-In Covenants).

Permitted Credit Facility means, one or more debt facilities or arrangements (including, without limitation, the CWC Credit Agreement) that may be entered into by the Company, any Affiliate Proceeds Loan Obligor and the Restricted Subsidiaries providing for credit loans, letters of credit or other Indebtedness or other advances, in each case, Incurred in compliance with Section 4.09.

Permitted Credit Facility means (i) any senior commercial term loan and/or revolving credit facility (including any letter of credit subfacility) entered into principally with commercial banks and/or other financial institutions typically party to commercial loan agreements and (ii) any senior credit facility entered into with any vendor or supplier (or any financial institution acting on behalf of or for the purpose of directly financing purchases from such vendor or supplier) to the extent the Indebtedness thereunder is incurred for the purpose of financing the cost (including the cost of design, development, construction, manufacture or acquisition) of personal property or fixtures, used, or to be used, in a Permitted Business.

Permitted Credit Facility or "Facilities" in Section 1.1 of the Indenture shall be amended by replacing the two references to the word "Guarantor" with the word "Restricted" therein.

Permitted Credit Facility means any unsubordinated commercial term loan and/or revolving credit facility entered into principally with commercial banks and/or other financial institutions typically party to commercial loan agreements and any refinancing thereof.