Revolving Facilities definition

Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

Revolving Facilities means, collectively, the Dollar Revolving Facility and the Approved Currency Revolving Facility.

Revolving Facilities means, collectively, the Canadian Revolving Facility and the U.S. Revolving Facility.

Examples of Revolving Facilities in a sentence

• Advances (including letters of credit) under the Revolving Facilities can be drawn in either Canadian or U.S. funds and bear interest at the bank’s prime lending rate, bankers’ acceptance discount rates or London Interbank Offered Rates, plus applicable margins.

• The Revolving Facilities are not borrowing base facilities and do not require annual or semi-annual reviews.

• In addition, if a “change of control” occurs, American will (absent an amendment or waiver) be required to repay at par the loans outstanding under the Credit Facilities and terminate the 2013 and 2014 Revolving Facilities and any revolving credit facilities established under the April 2016 or December 2016 Credit Facilities.

• The 2013 and 2014 Revolving Facilities are each subject to an undrawn fee of 0.75%.

• On May 25, 2015, Baytex reached an agreement with its lending syndicate to extend the revolving period under the Revolving Facilities to June 4, 2019 (from June 4, 2018).

More Definitions of Revolving Facilities

Revolving Facilities means one or more customary bank debt facilities, in each case with banks or other institutional lenders providing for revolving credit loans (including the portion of the Credit Agreement existing on the Issue Date that provides for revolving credit loans), in each case, as amended, extended, renewed, refinanced, restated, repaid, replaced, supplemented or otherwise modified (in whole or in part, and without limitation as to amount, terms, conditions, covenants and other provisions, but, in each case, only to the extent such modified bank debt facility provides for revolving credit loans, and without giving effect to any letters of credit outstanding thereunder) from time to time. For the avoidance of doubt, Revolving Facilities shall exclude any Indebtedness issued in a capital markets transaction, whether publicly or privately made and any Indebtedness that may not be reborrowed when repaid.

Revolving Facilities means the Original Dollar Revolving Facility, the Extended Dollar Revolving Facility, the Multicurrency Revolving Facility, the Original Euro Revolving Facility and the Canadian Revolving Facility.

Revolving Facilities means a collective reference to (i) the revolving loan facility established pursuant to Section 2.1 and (ii) the Existing Five-Year Facility.

Revolving Facilities means (a) the Revolving Credit Facility, (b) any Specified Refinancing Debt constituting revolving credit facility commitments and (c) the aggregate principal amount of the Revolving Credit Lenders’ Extended Revolving Credit Commitments in respect of any Extension, in each case, including the extensions of credit made thereunder.

Revolving Facilities has the meaning specified in Section 2.16(a).

Revolving Facilities means the Dollar Revolving Facility, the Multicurrency Revolving Facility and any Revolver Extension Series.

Revolving Facilities means the US Revolving Facility and the Canadian Facility.