Examples of Bank Revolving Credit Facility in a sentence
The Development Program will be funded from the Company’s cash flow and the Bank Revolving Credit Facility and could be funded from Additional Contributions.
Promptly after the Effective Date, the Company will pay or reimburse the Sole Manager for all up-front fees charged in connection with the Bank Revolving Credit Facility and the bank’s legal fees, including the $50,000 up-front bank administrative fee and the bank legal fees involved in the negotiation and documentation of the above described credit agreement, in each case that were incurred on the Company’s behalf and paid by the Sole Manager prior to Closing.
Any hedging activities beyond those expressly required by the Bank Revolving Credit Facility shall be approved by the Board at a meeting by the Board, and not by written consent.
As used in this Agreement, the terms "Agreement", "Borrower", "Bank", "Revolving Credit Facility", "Non-Revolving LC Facility", "MII", "MII Letters of Credit" shall have the meanings indicated above.
Put in place a new $150 million five year secured Bank Revolving Credit Facility (undrawn) on improved terms with a smaller bank group.
Debt Payoff Amount Great Western Bank (Revolving Credit Facility) $ 3,158.61 Latitude / NorthMarq $ 11,181,783.99 Western Alliance Bank (MOA Portfolio) $ 4,630,171.25 Western Alliance Bank (South Portfolio) $ 2,741,110.78 Xxxxxx Xxxxxxx / PNC Real Estate $ 936,232.72 Cantor / Xxxxx Fargo $ 5,847,972.38 Huntington $ 7,354,814.52 Total $ 32,695,244.25 Schedule 2.9(b) – Page 1 SCHEDULE 4.3 ACCOUNTS None.
Debt Payoff Amount Great Western Bank (Revolving Credit Facility) $ 3,158.61 Latitude / NorthMarq $ 11,181,783.99 Western Alliance Bank (MOA Portfolio) $ 4,630,171.25 Western Alliance Bank (South Portfolio) $ 2,741,110.78 Xxxxxx Xxxxxxx / PNC Real Estate $ 936,232.72 Cantor / Xxxxx Fargo $ 5,847,972.38 Huntington $ 7,354,814.52 Total $ 32,695,244.25 SCHEDULE 4.3 ACCOUNTS None.
Buyer has all requisite corporate, limited liability company or partnership power and authority to execute and deliver, and to perform all its obligations under, this Agreement.
Laramie represents and warrants to the other Members that (i) the sole activity conducted prior to the date hereof of the Company has been the execution of the Credit Agreement pursuant to the Bank Revolving Credit Facility and the transactions related thereto, and (ii) the Company has incurred no liabilities as of the date hereof other than any liabilities incurred in connection with such agreement and the transactions related thereto.
The Private Bank Revolving Credit Facility bears interest at a rate of either 1, 2 or 3 month LIBOR plus 3.50% per annum or Private Bank’s prime rate plus 1.50% per annum through November 22, 2015 and either 1, 2 or 3 month LIBOR plus 2.50% per annum or PrivateBank’s prime rate plus 0.50% per annum thereafter.