Bank Revolving Facility definition

Bank Revolving Facility means the portion of the revolving loan credit facility described in and made available from time to time to Xxxx Las Vegas by the Bank Lenders under the Bank Credit Agreement for the purpose of paying Project Costs.
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Bank Revolving Facility means the revolving loan credit facility described and made available to the Company under the Bank Credit Agreement.
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Bank Revolving Facility means the portion of the revolving loan credit facility described in and made available from time to time to Wynn Las Vegas by the Bank Lenders under the Bank Credit Agreement.
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Examples of Bank Revolving Facility in a sentence

  • All issuances of Letters of Credit under the Bank Credit Facility shall be satisfied through the Bank Revolving Facility pursuant to the procedures set forth in Article 3 of the Bank Credit Agreement.

  • The proceeds of the Bank Revolving Facility may be used for general corporate purposes, a portion of which may be extended (as agreed upon) in the form of swing line loans or letters of credit for the account of Prime.

  • The Bank Agent agrees to notify the Disbursement Agent from time to time of the amounts drawn and the amounts available to be drawn under the Bank Revolving Facility for the purposes set forth in this Section 2.2.3(b).

  • Reduce or permit to be reduced (a) except as otherwise specifically permitted hereunder, the commitment under the Bank Credit Facility at any time prior to the Completion Date, (b) the Bank Revolving Facility to less than $10,000,000 at any time prior to delivery by the Construction Consultant of the Six Month Certificate or (c) the commitment under the Interim Mall Facility.

  • The Bank Term Facility matures 7 years after the Acquisition Closing Date, and the Bank Revolving Facility matures 5 years after the Acquisition Closing Date.4/ The Bank Term Facility requires monthly interest payments and semi- annual principal payments from February 1, 1997 through August 1, 2003.5/ In ------------------------ 3/ In connection with the Acquisition, Prime issued 100 shares of common stock to Holdings, which shares represent all of the outstanding common stock of Prime.

  • Federal Home Loan Bank Revolving Facility In 2019, the “Exchanges applied and subsequently gained membership into the Federal Home Loan Bank of San Francisco (“FHLB”), allowing qualifying participants to purchase stock in and do business with the bank.

  • Prime also has a $500,000 bank credit line, renewable annually, for general corporate purposes exclusive of the Bank Revolving Facility.

  • Financing to pay the costs incurred by the Company with respect to such Line Item Category will, subject to Section 2.6.1.(d), be made available to the Company through the Bank Revolving Facility.

  • In order to fund costs related to the Equipment Component until draws are permitted under such Approved Equipment Funding Commitments, the Company may (i) make draws on the Bank Revolving Facility, up to an aggregate amount of Fifteen Million Dollars ($15,000,000), in accordance with the provisions of Bank Credit Agreement and (ii) request Advances from HC/Mall Component Funding Sources, up to an aggregate amount of Five Million Dollars ($5,000,000).

  • Advances of funds under the Bank Revolving Facility will be made in accordance with the provisions of the Bank Credit Agreement.

Related to Bank Revolving Facility

  • Revolving Facility means the facility under which Borrower may request Bank to issue Advances, as specified in Section 2.1(a) hereof.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Extended Revolving Facility Commitment shall have the meaning assigned to such term in Section 2.21(e).

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $500,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

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

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Refinancing Revolving Credit Commitments means one or more Classes of Revolving Credit Commitments hereunder that result from a Refinancing Amendment.

  • 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

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Replaced Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).