Bank Loan Facility definition

Bank Loan Facility the construction and term credit facility provided by the Banks to the Borrower pursuant to Section 3 of the Project Loan Agreement, under which the Banks will make Bank Loans from time to time in accordance with the terms thereof.
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Bank Loan Facility means that certain Credit Agreement dated as of December 22, 2003, by and among GLDD Acquisitions Corp., HOLDINGS, certain corporate affiliates thereof, the financial institutions from time to time parties thereto and Bank of America, N.A., as administrative agent to such financial institutions, and the documents, instruments and agreements executed and delivered in connection therewith, as all of the same may be amended, restated, supplemented or otherwise modified from time to time, and any credit agreement or other agreement or agreements relating to any refinancing, extension, renewal or replacement, in whole or in part, thereof.
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Examples of Bank Loan Facility in a sentence

  • The Borrower will not (i) enter into any new Bank Loan Facility with an aggregate principal amount in excess of $100,000,000 having a maturity date prior to the Maturity Date or (ii) modify, amend or refinance any Bank Loan Facility with an aggregate principal amount in excess of $100,000,000 existing on the Closing Date, the effect of which is to shorten the maturity date of such Debt to a date prior to the Maturity Date.

  • Security for Bank Loan Facility - Two related parties of Specified Directors, Eastfall Pty Limited and Elabrook Pty Limited, provide security for the QQQ System Pty Limited bank facility referred to in note 16.

  • TERMS AND CONDITIONS Secured Bank Loan Facility At the reporting date, the Company had access to an undrawn $10 million bank loan facility with the ANZ Bank.

  • The credit facilities provided by the Lenders to the Borrower under this Agreement (the "Credit Facilities") shall consist of (a) the Bank Loan Facility, (b) the Institutional Loan Facility, (c) the VP Letter of Credit Facility and (d) the Bond Letter of Credit Facility.

  • The Company’s outstanding debt, net of debt discounts, consisted of the following (in thousands): Silicon Valley Bank Loan Facility In December 2016, the Company entered into a loan and security agreement (the “SVB Loan Facility”) with Silicon Valley Bank (“SVB”).

  • On each Payment Date after the Company begins making cash sweep payments under the Bank Loan Facility, the Company shall (in addition to the interest payment pursuant to Section 3.1(a) above) pay an amount equal to 50% of the Company’s semi-annual Mount Hope Free Net Cash Flow to Lender to prepay the outstanding principal amount of the Facilities.

  • Borrower shall have repaid or obtained amendments on terms reasonably acceptable to the Requisite Lenders with respect to the Standard Chartered Loan Facility and the China Construction Bank Loan Facility sufficient to ensure no default, event of default, or prospective event of default under either such facility has occurred and is continuing.

  • TERMS AND CONDITIONS Secured Bank Loan Facility At the reporting date, the Company had access to an undrawn $20 million bank loan facility with the ANZ Bank.

  • TERMS AND CONDITIONS Secured Bank Loan Facility During the reporting period the Company entered into a Third Amendment and Restatement Deed to reduce the facility limit from $80 million to $60 million.

  • REvIEW AND RESULTS OF OPERATIONS Set out below is a review of significant activities within SAFM for the year ended 30 June 2014: Deutsche Bank Loan Facility On 25 July 2013, the Company secured a US$15 million two year loan facility with Deutsche Bank.


More Definitions of Bank Loan Facility

Bank Loan Facility means that certain Credit Agreement dated as of June 12, 2007, by and among HOLDINGS, certain SUBSIDIARIES of HOLDINGS, the financial institutions from time to time parties thereto and LaSalle Bank National Association, as Administrative Agent, Sole Lead Arranger, Issuing Lender and Swing Line Leader, and the documents, instruments and agreements executed and delivered in connection therewith, as all of the same may be amended, restated, supplemented or otherwise modified from time to time, and any credit agreement or other agreement or agreements relating to any refinancing, extension, renewal or replacement, in whole or in part, thereof.
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Bank Loan Facility a term loan facility or similar agreement entered into by the Borrower or any Subsidiary for the purpose of financing the Closing Date Acquisition that is subject to conditions precedent to funding that are no more restrictive to the Borrower than the conditions set forth herein to the funding of the Tranche A Loans hereunder; provided that, for the avoidance of doubt, in no event shall the Existing Credit Agreement be deemed to be a Bank Loan Facility.
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Bank Loan Facility. As defined in the Recitals.
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Bank Loan Facility means that certain Credit Agreement dated as of December 22, 2003, by and among GLDD Acquisitions Corp., HOLDINGS, certain corporate affiliates thereof, the financial institutions from time to time parties thereto and Bank of America, N.A., as administrative agent to such financial institutions, and the documents, instruments and agreements executed and delivered in connection therewith, as all of the same may be amended, restated, supplemented or otherwise modified from time to time, and any credit agreement or
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Bank Loan Facility means that certain Credit Agreement dated as of June 12, 2007, by and among HOLDINGS, certain SUBSIDIARIES of HOLDINGS, the financial institutions from time to time parties thereto and LaSalle Bank National Association, as Administrative Agent, Sole Lead Arranger, Issuing
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Bank Loan Facility means that certain Credit Agreement dated as of even date herewith, by and among HOLDINGS, certain corporate affiliates thereof, the financial institutions from time to time parties thereto, and Bank of America National Trust and Savings Association, as administrative agent to such financial institutions, and the documents, instruments and agreements executed and delivered in connection therewith, as all of the same may be amended, restated, supplemented or otherwise modified from time to time and any credit agreement or other agreement or agreements relating to any refinancing, extension, renewal or replacement, in whole or in part, thereof.
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Related to Bank Loan Facility

  • 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

  • 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.

  • 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.

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.