Bank Lines definition

Bank Lines means, with respect to the Company or any of its Restricted Subsidiaries, one or more debt facilities with banks or other lenders providing for revolving credit loans and/or letters of credit.

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Bank Lines means, with respect to the Company or any of its Restricted Subsidiaries, one or more debt facilities with banks or other lenders providing for revolving credit loans and/or letters of credit; provided that in no event will any such facility that constitutes a Credit Facility or a Residual Funding Facility be deemed to qualify as a Bank Line.

Bank Lines. The Company has available a backup credit facility from various banks aggregating $1.5 billion. The Chase Manhattan Bank is a participant in this facility. FORM OF ISSUANCE: The Notes will be issued and purchases will be recorded only through the book-entry system of the Depository Trust Company ("DTC"). Beneficial owners will not receive certificates representing their ownership interest in the Notes. The face amount of each Note will be paid upon maturity in immediately available funds to DTC. The Issuer has been advised by DTC that upon receipt of such payment DTC will credit, on its book-entry records and transfer system, the accounts of the DTC participants through whom Notes are directly or indirectly owned. Payments by DTC to its participants and by such participants to owners of the Notes or their representatives will be governed by customary practices and standing instructions and will be the sole responsibility of DTC, such DTC participants or such representatives, respectively.

Examples of Bank Lines in a sentence

• For the avoidance of doubt, nothing in this Section 4(o) shall prohibit the Company from entering into or consummating any securitization transactions or from incurring indebtedness under any Bank Lines, Credit Enhancement Agreements, Refinancing Indebtedness, Residual Funding Facilities or Permitted Receivables Financing or any indebtedness incurred by any Receivables Entity (in each case, as defined in the General Disclosure Package and the Prospectus).

• Provided that such notice requirement is satisfied, such additional funds borrowed from ▇▇▇▇▇▇▇ or under the Bank Lines of Credit shall be paid by Buyer at Closing.

• At the Effective Time, Parent shall pay to the respective lenders under the Bank Lines and Notes, the amounts outstanding under the Bank Lines and Notes, the Company Prepayment Amount, and the Shareholder Prepayment Amount.

• If, however, Seller determines that the needs of the Business require Seller to borrow additional money to fund the operation of the Business in the ordinary course and as contemplated or permitted hereby prior to Closing, then Seller may borrow additional funds from ▇▇▇▇▇▇▇ or under the Bank Lines of Credit prior to Closing so long as Seller provides Buyer with prior written notice thereof, including the specific amount of additional funds to be borrowed.

• The Stockholder has, and at all times during the term hereof, will have, good and valid title to the Subject Shares, free and clear of all Liens (other than (i) pledges of the Subject Shares under bank lines of credit existing as of the date hereof (the “Existing Bank Lines and Pledges”) and (ii) the Merger Agreement).

• The Company represents and warrants that the Bank Lines and Notes were the only indebtedness for borrowed money as of the Balance Sheet Date and the date hereof.

• None of the Subject Shares owned by it are subject to any voting trust or other voting agreement with respect to the Subject Shares, except (A) as contemplated by this Voting Agreement or (B) as provided under the Existing Bank Lines and Pledges (which voting rights by their terms are only effective upon an event of default under such Existing Bank Lines and Pledges).

• Pending the final application of any such Net Proceeds, the Company may temporarily reduce Indebtedness under Bank Lines, Credit Facilities and/or Residual Funding Facilities, or otherwise invest such Net Proceeds in any manner that is not prohibited by this Indenture.

• Prior to Closing, Seller shall operate the Business in the ordinary course of business and consistent with its past practices, and Seller shall not make any distributions of its cash to any entity other than in the ordinary course of business and to Buyer; provided, however, that Seller may make payments to ▇▇▇▇▇▇▇ under the Shareholders Notes Payable using amounts borrowed under the Bank Lines of Credit.

More Definitions of Bank Lines

Bank Lines means, with respect to the relevant Obligor(s) or any of its/their Restricted Subsidiaries, one or more debt facilities with banks or other lenders providing for revolving credit loans and/or letters of credit; provided that in no event will any such facility that constitutes a Credit Facility or a Residual Funding Facility be deemed to qualify as a Bank Line.