Revolving Term Facility definition

Revolving Term Facility is defined in Section 2.1.
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Revolving Term Facility means the Revolving Term Facility established pursuant to Section 2.2.
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Revolving Term Facility means the revolving credit and term loan facility provided to the Borrower by various lenders and KeyBank National Association, as administrative agent, pursuant to that certain Third Amended and Restated Loan Agreement dated as of the date hereof, and various documents and instruments executed in connection therewith, as all of the foregoing have been and may hereafter be amended.
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Examples of Revolving Term Facility in a sentence

  • The Revolving Term Facility may in certain circumstances restrict the ability of AutoCanada LP and the Fund to pay distributions if the payment would result in a default.

  • The amount of the Revolving Term Facility available is based on certain assets (the ‘‘borrowing base’’) and a percentage of earnings before interest expense (other than interest expense on floorplan financing and other interest), income taxes, depreciation and amortization (“EBITDA”) of AutoCanada LP, up to a maximum amount of $50,000, and is available to finance working capital and the acquisition of automobile dealerships.

  • This Revolving Term Facility provides for a commitment fee of 0.30% of any unused portion payable quarterly in arrears, requires maintenance of certain financial covenants and is collateralized by a general security agreement consisting of a first security interest on all present and future property.

  • Summers was in the lead, but soon lost contact with the rest of the group, which was spreading out.

  • The Revolving Term Facility matures May 10, 2010 and bears interest at RBC prime rate for amounts borrowed not exceeding the borrowing base and RBC prime rate plus 0.75% for amounts borrowed in excess of the borrowing base.

  • Management expects that our cash flow generated from operations, together with working capital availability under our Revolving Term Facility, is sufficient to fund our debt service, working capital requirements and capital spending for the next year.

  • On closing, £25,300 (CAD$43,081) was from cash on hand and £5,000 (CAD$8,514) was drawn from the Revolving Term Facility.

  • The Revolving Term Facility matures May 10, 2009 and bears interest at RBC prime rate for amounts borrowed not exceeding the borrowing base and RBC prime rate plus 0.75% for amounts borrowed in excess of the borrowing base.

  • Network Rail should review how it manages the risks associated with the use of workers on zero-hours contracts, and what its requirements are in respect of the systems used by its labour suppliers to manage such staff.

  • The Fund obtained the funds to finance the acquisition of the Nissan dealership through its existing Revolving Term Facility (note 7) in the amount of $4,727.


More Definitions of Revolving Term Facility

Revolving Term Facility means the revolving credit and term loan facility provided to the Borrower by various lenders and KeyBank National Association, as administrative agent, pursuant to that certain Fourth Amended and Restated Loan Agreement dated as of September 8, 2017, as amended by that certain First Amendment to Fourth Amended and Restated Loan Agreement dated as of the date hereof, and various documents and instruments executed in connection therewith, as all of the foregoing have been and may hereafter be amended.
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Revolving Term Facility means the senior secured revolving term facility to finance investments which forms part of our Credit Facilities.
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Revolving Term Facility means the extendible revolving term loan facility more particularly described in Section 2.4.
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Revolving Term Facility means the revolving credit facility established pursuant to this Second Supplement.
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Revolving Term Facility means the revolving term facility established pursuant to this First Supplement.
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Revolving Term Facility means the revolving term credit facility being made available to the Borrower by the Revolving Term Lenders pursuant to Section 2.14(a).
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Related to Revolving Term Facility

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.

  • Tranche A Term Loan Lender means a Lender with a Tranche A Term Loan Commitment or an outstanding Tranche A Term Loan.

  • Refinancing Term Loans shall have the meaning assigned to such term in Section 2.21(j).

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Tranche B Term Loan as defined in Section 2.1.

  • Existing Term Loan Facility means that certain Term Loan Credit Agreement, dated as of September 7, 2018, by and among the ProFrac Services LLC, as the borrower thereunder, Holdings, the guarantors party thereto, the lenders party thereto and Barclays Bank PLC, as the administrative agent and collateral agent (as amended, amended and restated, supplemented and otherwise modified from time to time, and together with the guarantee and security documentation executed in connection therewith).

  • Tranche B Term Loan Lender means a Lender with a Tranche B Term Loan Commitment or an outstanding Tranche B Term Loan.

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

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Tranche A Term Loan as defined in Section 2.1.

  • Existing Term Loan Credit Agreement means that certain Term Loan Credit Agreement, dated as of August 24, 2017, among the Borrower, the lenders from time to time party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent (as amended, restated, supplemented or otherwise modified prior to the Effective Date).

  • Existing Term Loans has the meaning specified in Section 2.16(a).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Extending Term Lender has the meaning set forth in Section 2.16(c).

  • Tranche A Term Lender each Lender that has a Tranche A Term Commitment or that holds a Tranche A Term Loan.

  • Tranche C Term Loan as defined in Section 2.1.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $62,680,000, as such amount may be reduced or increased from time to time pursuant to this Agreement.

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.