Secured Loan Facility definition

Secured Loan Facility means that certain Loan and Security Agreement dated as of February 29, 2008, by and among Borrower, the U.S. Subsidiaries and the Lender, as amended, restated, supplemented or otherwise modified and in effect.
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Secured Loan Facility means the conditional facility agreement in the Agreed Form to be entered into on Completion between Cukurova, Cukurova Finance and Alfa in respect of a facility of US$1,352,000,000;
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Secured Loan Facility means the secured loan facility entered into by Option One Mortgage Corporation and Greenwich Capital Financial Products, Inc., as evidence by the Master Loan and Security Agreement, dated May 2, 2002, between Option One Mortgage Corporation and Greenwich Capital Financial Products, Inc., as amended or restated from time to time, and the promissory note of Option One Mortgage Corporation in favor of Greenwich Capital Financial Products, Inc. entered into in connection therewith.
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Examples of Secured Loan Facility in a sentence

  • Borrower shall deliver to Lender copies of all reports delivered to the lender or its designee under and pursuant to the Secured Loan Facility.

  • The obligation of the Lender to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto (or such later date as the Lender may determine in light of the circumstances), of each of the conditions subsequent set forth in Section 3.2 of the Secured Loan Facility (the failure by Companies to so perform or cause to be performed constituting an Event of Default).

  • Liquidity remains sufficient as Precision reported a cash balance of $178 million and the US$260 million loan revolver in our Secured Loan Facility remains undrawn except for US$28 million in outstanding letters of credit as at September 30, 2009.

  • On January 27, 2021, PSSL terminated the facility with Capital One, N.A. In January 2021, Pennant Park Senior Secured Loan Facility II, LLC ("PSSL II"), a wholly-owned subsidiary of PSSL, was formed as a financing subsidiary for purposes of entering into a senior secured revolving credit facility with Ally Bank (see Note 10) Credit Facility 2 has a maturity date of January 26, 2026 with an interest rate at 2.6% over LIBOR.

  • Long-term debt as of December 31, 2011 and 2012 consisted of the following: $160 Million Secured Loan Facility and $19 Million Secured Loan Facility In December 2009, Knutsen Shuttle Tankers XII KS, as the borrower, entered into a $160 million senior secured loan facility and a $19 million junior secured loan facility with syndicates of banks to fund the installment payments on the construction of the Fortaleza Knutsen and the Recife Knutsen (collectively, the “Fortaleza and Recife Facilities”).

  • Each Member hereby authorizes the Company to enter into the Secured Loan Facility and the Unsecured Loan Facility and to borrow or otherwise obtain credit thereunder and to perform in accordance with the terms thereof; PROVIDED that nothing contained in this Section shall authorize the Company to enter into any other Financing not otherwise authorized under the Agreement.

  • Notwithstanding the Annual Investment Plan set forth in Exhibit G to the Agreement, so long as the Secured Loan Facility or the Unsecured Loan Facility (collectively, the "New Loans") remain in place, CalPERS agrees that its Additional Capital Contribution shall exceed the Annual Investment Plan for the period ending December 31, 1999, by One Hundred Seventy-One Million Dollars ($171,000,000) and shall contribute that amount upon written notice from the Manager.

  • After the making of the initial Advance, all subsequent Advances under the Secured Loan Facility shall be at the sole discretion of the Lender.

  • Section 9.6 of the Agreement is hereby amended to permit the Company and its Members to make such disclosures as are reasonably necessary to satisfy the reasonable business requests of Financing lenders and their designees including making disclosures to all lenders, participants, successors and assigns and applicable officers, directors, employees, consultants and regulators of the lenders under the Secured Loan Facility and Unsecured Loan Facility.

  • Nothing contained herein shall limit the Lender's rights under the Secured Loan Facility.


More Definitions of Secured Loan Facility

Secured Loan Facility means the loan facility being made available to Borrower by Lender under Article II hereof.
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Secured Loan Facility means one or more loan or other credit facilities extended to the Company from time to time pursuant to that certain Credit Agreement among the Company as Borrower and the lenders specified therein and The Chase Manhattan Bank as administrative agent currently being negotiated and expected to be executed and dated on or about June 14, 1999 (as amended, supplemented or otherwise modified from time to time) in an aggregate principal amount not to exceed $171,000,000 at any time outstanding, secured or purported to be secured in whole or in part by obligations of the Members to contribute capital to the Company.
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Secured Loan Facility has the meaning set forth in Preliminary Statement (3) of this Agreement.
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Secured Loan Facility means the Secured Demand Loan Facility by and among the Borrower, CalComp Inc., Topaz Technologies, Inc. and the Lender dated January 14, 1999, as amended, together with the Security Agreement of even date therewith.
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Related to Secured Loan Facility

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Secured Loan has the meaning specified in Section 2(e) hereof.

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

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Term Loan Obligations means any Obligations with respect to the Term Loan (including, without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Term Loan Collateral means all of the assets of any Grantor, whether real, personal or mixed, upon which a Lien is granted or purported to be granted to any Term Loan Agent under any of the Term Loan Collateral Documents.

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

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Facility C means the term loan facility made available under this Agreement as described in paragraph (c) of Clause 2.1 (Facilities).

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Unsecured Loan means any Loan other than a Secured Loan.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • 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.

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

  • Senior Secured Loan means any interest in a loan, including any assignment of or participation in or other interest in a loan, that (i) is not (and is not expressly permitted by its terms to become) subordinate in right of payment to any obligation of the obligor in any bankruptcy, reorganization, arrangement, insolvency, moratorium or liquidation proceedings (other than pursuant to a Permitted Working Capital Lien and customary waterfall provisions contained in the applicable loan agreement), (ii) is secured by a pledge of collateral, which security interest is (a) validly perfected and first priority under Applicable Law (subject to liens permitted under the applicable credit agreement that are reasonable for similar loans, and liens accorded priority by law in favor of any Governmental Authority) or (b)(1) validly perfected and second priority in the accounts, documents, instruments, chattel paper, letter-of-credit rights, supporting obligations, deposit accounts, investments accounts and any other assets securing any Working Capital Revolver under Applicable Law and proceeds of any of the foregoing (a first priority lien on such assets a "Permitted Working Capital Lien") and (2) validly perfected and first priority (subject to liens for taxes or regulatory charges and any other liens permitted under the related underlying instruments that are reasonable and customary for similar loans) in all other collateral under Applicable Law, and (iii) the Portfolio Manager determines in good faith that the value of the collateral for such loan (including based on enterprise value) on or about the time of acquisition equals or exceeds the outstanding principal balance of the loan plus the aggregate outstanding balances of all other loans of equal or higher seniority secured by a first priority Lien over the same collateral. For the avoidance of doubt, debtor-in-possession loans and FLLO Loans shall constitute Senior Secured Loans.

  • 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.

  • Term Loan Collateral Agent means Credit Suisse, Cayman Islands Branch, as collateral agent for the lenders under the Term Loan Credit Agreement, together with its respective successors and permitted assigns under the Term Loan Credit Agreement exercising substantially the same rights and powers, or such other agent as may from time to time be appointed thereunder.

  • Secured Lender means a lender under a Secured Lender’s Security Agreement.

  • 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.

  • Term Loan Agent means “Term Loan Agent” as defined in the Intercreditor Agreement.

  • Credit Facility Agent means that certain agent, in its capacity as arranger and administrative agent under the Credit Agreement or any replacement or successor agent under the Credit Agreement.

  • Senior Loan has the meaning provided in the Recitals hereto.

  • ABL Credit Facility means the agreement, dated as of March 30, 2015, among the Company, the Subsidiaries of the Company that borrow or guarantee obligations under such agreement from time to time, as “Credit Parties,” the lenders parties thereto from time to time and Bank of America, N.A., as agent (or its successor in such capacity), together with the related notes, letters of credit, guarantees and security documents, and as the same may be amended, restated, amended and restated, supplemented or modified from time to time and any renewal, increase, extension, refunding, restructuring, replacement or refinancing thereof (whether with the original administrative agent and lenders or another administrative agent, collateral agent or agents or one or more other lenders or additional borrowers or guarantors and whether provided under the original ABL Credit Facility or one or more other credit or other agreements or indentures).