Bank Credit Facility Payment Date definition

Bank Credit Facility Payment Date means the date on which (i) all of the Bank Credit Facility Obligations shall have been finally and indefeasibly paid in full, all commitments to extend credit under the Bank Credit Facility shall have been terminated and all letters of credit or similar instruments issued thereunder shall have expired or been terminated (or cash collateralized as provided in clause (ii) below) and (ii) the Company shall have furnished the Banks with cash as collateral security in such amounts as the Banks shall have reasonably determined are necessary to secure the Banks from loss, cost, damage or expense, including reasonable attorneys' fees and legal expenses, in connection with contingent Bank Credit Facility Obligations, including issued and outstanding letters of credit and obligations (other than general indemnification obligations) as to which the Banks have not yet received final and indefeasible payment, provided that the Company shall not be required to furnish the Banks with cash as collateral in respect of any outstanding letter of credit that exceeds 105% of the undrawn stated amount of such letter of credit.
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Examples of Bank Credit Facility Payment Date in a sentence

  • 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.

  • 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.

  • If upon the occurrence of the Bank Credit Facility Payment Date, one of the Trustees is not then serving as the Collateral Agent, the Trustees may, by order or orders executed by the Trustees, replace the then serving Collateral Agent with one of the Trustees, as specified in such order or orders, and in such event such Collateral Agent shall be deemed to have resigned at such time.

  • The Company and each of the Trustees agree that they will not, prior to the Bank Credit Facility Payment Date, if a Bank Credit Facility is then in effect, amend any provisions of the Collateral Documents to which they are parties, or any provisions of Section 3.09(a) of the respective Indentures in any manner adverse to the Banks, or any provisions of the Indentures that define terms that are used in this Agreement, without the prior written consent of the Bank Agent.

  • Upon the occurrence of the Bank Credit Facility Payment Date, the Trustees may, by order or orders executed by the Trustees, replace the then serving Collateral Agent with one of the Trustees, as specified in such order or orders, and in such event such Collateral Agent shall be deemed to have resigned at such time.

  • From and after the Bank Credit Facility Payment Date, the Collateral Agent shall follow the directions of the Tranche A Trustee and the Tranche B Trustee with respect to the enforcement by the Trustees of rights and remedies with respect to the Collateral, subject to the provisions of the Indentures referred to in the third sentence of Section 6.12 hereof.

  • From and after the Bank Credit Facility Payment Date (or from the date hereof until the effectiveness of a Bank Credit Facility), the Collateral Agent shall follow the directions of the Tranche A Trustee and the Tranche B Trustee with respect to the enforcement by the Trustees of rights and remedies with respect to the Collateral, subject to the provisions of the Indentures referred to in the third sentence of Section 6.12 hereof.

  • The Company and each of the Trustees agree that they will not, prior to the Bank Credit Facility Payment Date, amend any provisions of the Collateral Documents to which they are parties, or any provisions of Section 3.09(a) of the respective Indentures in any manner adverse to the Banks, or any provisions of the Indentures that define terms that are used in this Agreement, without the prior written consent of the Bank Agent.

  • From and after the Bank Credit Facility Payment Date (or from the date hereof until the effectiveness of the Initial Bank Credit Facility), the Collateral Agent shall follow the directions of the Tranche A Trustee and the Tranche B Trustee with respect to the enforcement by the Trustees of rights and remedies with respect to the Collateral, subject to the provisions of the Indentures referred to in the third sentence of Section 6.12 hereof.

Related to Bank Credit Facility Payment Date

  • 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.

  • 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.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • New Credit Facility is defined in Section 9.8.

  • Company Credit Facility means the Credit Agreement, dated as of March 24, 2016, as amended and restated as of December 14, 2017, as further amended and restated as of May 7, 2019, as further amended and restated as of September 11, 2019, and as further amended as of November 14, 2019, by and among Centene, the various financial institutions named therein, as lenders, and Wells Fargo Bank, National Association, as administrative agent, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part) from time to time, whether or not with the same lenders or agent.

  • 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.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • 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

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Class A Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • 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 Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Revolving Loan Maturity Date means the earliest to occur of (i) the Maturity Date and (ii) the date on which the Revolving Loans become due and payable in accordance with Section 10.02.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B Facility in effect on the Closing Date, the Term B Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.