Examples of Credit Facilities in a sentence
The Credit Facilities are subject to a number of customary conditions.
The Sellers are the record and beneficial owners of the Company Interests, free and clear of all liens and encumbrances other than those arising under the Seller Credit Facilities and the governing documents of the Company.
The Guarantee of each New Guarantor shall be automatically released and shall terminate upon (i) the termination of the New Guarantor’s Guarantee of the Issuer’s obligations under each of the Bank Credit Facilities (as defined in the Base Indenture), (ii) the merger of such New Guarantor with or into any other Obligor, (iii) the consolidation of such New Guarantor with another Obligor or (iv) the transfer of all or substantially all of the assets of such New Guarantor to another Obligor.
The Borrowers shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders on the applicable Maturity Date for the Revolving Credit Facilities of a given Tranche the aggregate principal amount of all of its Revolving Credit Loans of such Tranche outstanding on such date.
The proceeds of the Loans and the Letters of Credit shall be used to refinance the amounts outstanding under the Existing Credit Facilities, to provide for the working capital needs of the Borrower and its Subsidiaries, to fund capital expenditures, for the acquisitions, development and exploration of Oil and Gas Properties permitted hereunder, for general company purposes and to pay Transaction Costs.