Bank Credit Facility definition

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.

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Bank Credit Facility means a revolving credit and/or letter of credit facility, the proceeds of which are used for working capital, equipment financing, and other general corporate purposes entered into by one or more of the Company and/or its Subsidiaries and certain financial institutions, as amended, extended or refinanced from time to time.

Bank Credit Facility means, as at December 31, 2020, the Corporation's US$600 million unsecured, covenant-based revolving credit facility with a syndicate of financial institutions. See “Description of Capital Structure – Bank Credit Facility and Term Facility” and "Material Contracts and Documents Affecting the Rights of Securityholders"

Examples of Bank Credit Facility in a sentence

• The Collateral Agent shall make payments of Proceeds to the Bank Agent pursuant to clause First of Section 3.01(d) hereof upon receipt of a certificate of the Bank Agent, specifying the amount so to be paid and the application thereof to principal, interest or other amounts constituting Bank Credit Facility Obligations.

• In any such event, the Collateral Agent shall thereafter, upon receipt of any Collateral, Proceeds thereof or certificates, instruments or other documents, and until the Bank Credit Facility Payment Date, hold the same as Collateral hereunder.

• After the Bank Credit Facility Payment Date, the Junior Secured Creditor shall not be restricted by the provisions of this Agreement from exercising any and all rights and remedies it may have as a creditor under applicable law, including rights and remedies with respect to any of the Collateral.

• The Banks and the Bank Agent acknowledge and agree that upon a Principal Asset Sale any Liens of the Banks on any assets or equity interests being sold in such Principal Asset Sale shall be released, provided that Net Proceeds of such Principal Asset Sale are applied to the Bank Credit Facility Obligations in accordance with the provisions of Section 3.09 of the Indentures.

• Prior to the Bank Credit Facility Payment Date, the Collateral Agent shall follow the directions of the Bank Agent with respect to the enforcement by the Bank Agent of rights and remedies with respect to the Collateral, subject to the rights of the Junior Secured Creditor under Sections 3.02 and 3.03 hereof and to the provisions of the Bank Credit Facility referred to in the second sentence of Section 6.12 hereof.

More Definitions of Bank Credit Facility

Bank Credit Facility as defined in the Trust Agreement.

Bank Credit Facility means, collectively, the delay draw term loan credit facility and the revolving credit facility (including the letter of credit facility thereunder) described and made available to ▇▇▇▇ Las Vegas by the Bank Lenders pursuant to the Bank Credit Agreement.

Bank Credit Facility means the senior unsecured revolving credit facility in the amount of $300 million made available to the Partnership on October 23, 2013 by a syndicate of lenders, as amended and/or extended from time to time.

Bank Credit Facility means the credit agreement, dated November 13, 2014, by and among the Partnership, as the borrower, the banks and financial institutions named therein, and the other parties thereto.

Bank Credit Facility means, as of December 31, 2012, the Corporation's $1.0 billion unsecured, covenant-based revolving credit facility with a syndicate of financial institutions: see "Material Contracts and Documents Affecting the Rights of Securityholders";

Bank Credit Facility in the Original Indenture. The definition of "Bank Credit Facility" in Section 101 of the Original Indenture is hereby amended and restated as follows:

Bank Credit Facility means the Revolving Credit Facility and any bank credit agreement or credit facility entered into in the future by the Company or any Restricted Subsidiary, as any of the same may be amended, waived, modified, refinanced or replaced from time to time.