Bridge Facility definition

Bridge Facility means the Commitments and any Advances made thereunder.

Bridge Facility means the Commitments and the Loans made hereunder.

Bridge Facility means that certain Bridge Credit Agreement, dated as of December 15, 2016, among 21st Century Fox America, Inc., as borrower, the Company, as parent guarantor, the lenders party thereto, Xxxxxxx Xxxxx Bank USA, Deutsche Bank AG Cayman Islands Branch and X.X. Xxxxxx Europe Limited, as co-administrative agents, and X.X. Xxxxxx Europe Limited, as designated agent.

Examples of Bridge Facility in a sentence

• The Bridge Facility contains: (i) certain mandatory prepayment and cancellation provisions in relation to lender illegality and change of control of Japan Tobacco Inc.; and (ii) provisions allowing JTI to replace and cancel an affected lender in respect of increased costs, tax gross-up and tax indemnity of a lender.

• The Bridge Facility contains customary representations and undertakings, including (with certain agreed carve-outs) a negative pledge and Merger-related undertakings.

• In the event that we do not receive the proceeds of the contemplated debt financing (either because the conditions to the financing are not satisfied, the lender(s) under the Facility Agreement fail to satisfy their obligations under the Bridge Facility or otherwise), or any alternative financing of substantially similar amount, JTI, an affiliate of Parent, has guaranteed Parent’s and Merger Sub’s obligations under the Merger Agreement.

• The Bridge Facility has a floating rate of interest based on compounded SOFR plus a margin.

• The Bridge Facility also contains customary events of default, including non-payment, misrepresentation, cross default and insolvency, the occurrence of any of which would allow the lender(s) to cancel the commitments and declare any loans immediately due and payable.

More Definitions of Bridge Facility

Bridge Facility means the 364-day unsecured term loan facility contemplated by the Bridge Facility Commitment Letter dated as of January 11, 2015, among the Company, Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx, Inc. and Bank of America, N.A.

Bridge Facility means the term loan credit facility under the Bridge Credit Agreement (if any).

Bridge Facility means shall mean the senior unsecured bridge facility of the Borrower in an aggregate principal amount of up to $10.5 billion described in the Bridge Commitment Letter.

Bridge Facility means the $750,000,000 senior unsecured bridge loan facility, if any, provided to the Company pursuant to the terms of that certain Second Amended and Restated Commitment Letter, dated as of February 15, 2018, by and among Credit Suisse Securities (USA) LLC, Credit Suisse AG, Cayman Islands Branch, Morgan Stanley Senior Funding, Inc., Barclays Bank PLC, Citigroup Global Markets Inc., Deutsche Bank AG New York Branch, Deutsche Bank Securities Inc., Deutsche Bank AG Cayman Islands Branch, JPMorgan Chase Bank, N.A., Royal Bank of Canada, RBC Capital Markets and the Company, as amended, restated, supplemented and otherwise modified from time to time.

Bridge Facility means the $15,000,000,000 term loan facility established for the Borrower pursuant to the Bridge Credit Agreement.

Bridge Facility means the SEK 40,000,000 bridge loan structured as direct lending entered into by the Issuer and a collective of lenders.

Bridge Facility means the bridge loan facility, dated April 1, 2005 between Nuveen and Citicorp North America, Inc., as administrative agent, and the other lenders thereto.