Current Bank Facility definition

Current Bank Facility means the credit facility provided by the Current Lender as more fully described under "Information Respecting the Corporation—Borrowing by the Corporation".
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Current Bank Facility means the First Amendment to Amended and Restated Credit Agreement dated effective as of September 15, 2000 by and among Hibernia National Bank, BNP-Paribas, Xxxxx Fargo Bank Texas, NA, Bank One, NA, Fleet National Bank, Bank of Scotland and the Corporation, as amended from time to time.
Sample 1
Current Bank Facility means the First Amendment to Amended and Restated Credit Agreement dated effective as of September 15, 2000 by and among Hibernia National Bank, BNP-Paribas, Wells Fargo Bank Texas, NA, Bank One, NA, Fleet National Bank, Bank of Scotland and the Corporation, as amended from time to time.
Sample 1

Examples of Current Bank Facility in a sentence

  • Until such time as these additional monies have been paid in accordance with the Acquisition Agreement, any warranty or indemnity claims can be off-set (if proved or settled) against monies due to be paid, and if any claim is not settled or resolved an amount can be withheld from the monies paid until this matter is resolved.The cash consideration is to be funded from the Current Bank Facility.

  • The Current Bank Facility will next be reviewed in July 2012.The Term Loan is secured by corporate guarantees and debentures over the Group’s UK, Singapore and Swedish entities.

  • This policy and the capital needs of the business are reviewed regularly by the Directors and to date has provided more than adequate headroom for the Company’s requirements.The terms of the Current Bank Facility are summarised at paragraph 7(i) of Part X of this document.As at 30 September 2011, net debt rose by £0.50 million to £7.64 million, mainly as a result of an increase in working capital requirements.

  • The Current Bank Facility comprises the following facilities:- * a term loan facility of up to c25,000,000 (‘‘Facility A’’).

  • Under the terms of the Current Bank Facility between HSBC and the Company to be dated on or about 6 May 2014 HSBC has agreed to make available to the Company the banking facilities described below.

  • Save for entry into the Acquisition Agreement and the Current Bank Facility, there has been no significant change in the trading or financial position of the Group since 30 September 2013, the date to which the last unaudited half-yearly accounts for the Group have been prepared.

  • Details of the expected change in financial position of the Company as a result of the Current Bank Facility arrangements can be found in section 7 (a) of this Part VII, namely that as a consequence of the additional borrowing required for the Acquisition, the Company’s indebtedness will correspondingly increase.

  • The final draft of the report was submitted to the Board at the February 2021 Board meeting.Finance Team FY2021 SIGNIFICANT ACCOMPLISHMENTS 1.

Related to Current Bank Facility

  • Bank Facility means any credit agreement, including the Credit Agreement dated June 28, 2012 among Bank of America, N.A., Equinix, Inc. and the guarantors party thereto, as amended, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Company as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Credit Facility Agreement means the Credit Facility and Reimbursement Agreement dated as of May 1, 2003, between the Bond Bank and the Bank providing for the timely payment, when due, of a portion of the principal of and interest on the Notes, all subject to such conditions and under such terms as described in Article X of the Indenture.

  • 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.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Existing Facility Agreement means Existing Facility Agreement A, Existing Facility Agreement B, Existing Facility Agreement C and Existing Facility Agreement D and, in the plural, means all of them;

  • Original Facility Agreement means the facility agreement dated 19 December 2018 and made between, amongst others, (i) the Borrower, (ii) the Lenders, (iii) the Mandated Lead Arrangers, (iv) the Facility Agent and the SACE Agent and (v) the Security Trustee.

  • Credit Facility Agent means the then acting Agent as defined in and under the Credit Facility or any successor thereto.

  • Local Facility Agreements means any agreement under which a Local Facility is made available.

  • Facility Agreement means an agreement or arrangement between a State Party and the Organization relating to a specific facility subject to on-site verification pursuant to Articles IV, V and VI.

  • Bridge Facility means the Commitments and any Advances made thereunder.

  • Existing Credit Facility means the credit facility evidenced by that certain Credit Agreement, dated as of October 26, 2006, by and among the Borrower, the lenders party thereto, and JPMCB, as administrative agent, as amended.

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

  • Facility Agreements means the agreements of that name between the Issuer and different

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Senior Facility has the meaning given to the term “Facility” in the Senior Facilities Agreement.

  • Debt Facility means any Senior Facility and any Second Priority Debt Facility.

  • Local Facility means any of them.

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Credit Facility Documents means the collective reference to any Credit Facility, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.

  • LC Facility means the letter of credit facility established pursuant to Article III.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Credit Agreement Refinancing Indebtedness means (a) Permitted First Priority Refinancing Debt, (b) Permitted Junior Priority Refinancing Debt or (c) Permitted Unsecured Refinancing Debt, in each case, issued, incurred or otherwise obtained (including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace, repurchase, retire or refinance, in whole or part, existing Term Loans, or any then-existing Credit Agreement Refinancing Indebtedness (“Refinanced Debt”); provided that (i) such Indebtedness has a maturity no earlier, and a Weighted Average Life to Maturity equal to or greater, than 91 days after the Latest Maturity Date at the time such Indebtedness is incurred, (ii) such Indebtedness shall not have a greater principal amount (or accreted value, if applicable) than the principal amount (or accreted value, if applicable) of the Refinanced Debt plus accrued interest, fees, premiums (if any) and penalties thereon and reasonable fees and expenses associated with the refinancing, (iii) the terms and conditions of such Indebtedness (except as otherwise provided in clause (ii) above and with respect to pricing, rate floors, discounts, premiums and optional prepayment or redemption terms) are substantially identical to, or (taken as a whole) are no more favorable to the lenders or holders providing such Indebtedness, than those applicable to the Refinanced Debt being refinanced (except for covenants or other provisions applicable only to periods after the Latest Maturity Date at the time of incurrence of such Indebtedness) (provided that a certificate of a Responsible Officer delivered to the Agent at least five (5) Business Days prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the Parent Borrower has determined in good faith that such terms and conditions satisfy the requirement of this clause (iii) shall be conclusive evidence that such terms and conditions satisfy such requirement unless the Agent notifies the Parent Borrower within such five (5) Business Day period that it disagrees with such determination (including a description of the basis upon which it disagrees)), and (iv) such Refinanced Debt shall be repaid, repurchased, retired, defeased or satisfied and discharged, and all accrued interest, fees, premiums (if any) and penalties in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained.