Examples of Bank of America Credit Agreement in a sentence
The Company shall provide to the Administrative Agent, no later than two (2) months before the contemplated date of such refinancing, the following information in relation to the refinancing of the Bank of America Credit Agreement: (i) the proposed amount of the refinancing, (ii) the maturity date of the proposed facility and (iii) the type of Guarantee to be granted by the Flowserve Group Members in connection with such refinancing.
FreedomRoads, LLC or any of its Affiliates shall fail to observe or perform any agreement or condition relating to the Bank of America Credit Agreement, or any other event occurs, the effect of which has resulted in the acceleration of the Indebtedness of FreedomRoads, LLC or any of its Affiliates under the Bank of America Credit Agreement prior to its stated maturity.
Notwithstanding anything herein to the contrary, redemptions of preferred shares pursuant to this Section 3 shall comply with the terms and covenants of the Bank of America Credit Agreement and the GE Loan Agreement and no such redemptions shall be permitted to the extent they will cause an event of default under such agreements.
The proceeds of the Loan will be used solely to make an equity contribution, simultaneously with the receipt thereof, in FreedomRoads to enable it to repay principal obligations under the Bank of America Credit Agreement in respect of the products (in the order of priority for the oldest products) of the Lender and its subsidiaries with aging in excess of 365 days.
The shares of capital stock or other ownership interests so indicated on Schedule 13 (Subsidiaries) are fully paid and nonassessable and as of the Signing Date are owned by the Company, directly or indirectly, free and clear of all Security (other than Security made in connection with the Existing Credit Agreement or as may be required by the Bank of America Credit Agreement).