DVB Facility definition

DVB Facility means that certain Senior Secured Term Loan Credit Agreement, dated as of August 26, 2014, as amended, supplemented or modified from time to time, by and among Central Gulf Lines, Inc., as borrower, ISH, as guarantor, the lenders party thereto and DVB Bank SE, as mandated lead arranger, facility agent, and security trustee.
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DVB Facility means the loan facility made available to Bedford Maritime Corp and others pursuant to the Loan Agreement dated as of 16 January 2008 made between Bedford Maritime Corp, the Guarantor, DVB Group Merchant Bank (Asia) Ltd, and others;
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Examples of DVB Facility in a sentence

  • Holders of secured claims on account of the DVB Facility shall receive, at the option of the Debtors, with the consent of SEACOR, in full and final satisfaction of their allowed secured claims, either (w) cash in an amount necessary to satisfy their allowed secured claims, (x) the proceeds generated from the disposition of the collateral securing their claims, (y) delivery of the collateral securing their claims, or (z) such other treatment as complies with Bankruptcy Code section 1129.

  • The Loan may be used only in or towards repayment of the amounts outstanding under the Existing Facilities including, if the Existing DVB Facility is repaid prior to drawdown of the Loan, in reimbursement for the repayment of the Existing DVB Facility.

  • DVB Facility That certain Senior Secured Term Loan Credit Agreement, dated as of August 26, 2014, as amended, supplemented or modified from time to time (the “DVB Facility”), by and among Central Gulf Lines, Inc., as borrower, ISH, as guarantor, the lenders party thereto and DVB Bank SE, as mandated lead arranger, facility agent, and security trustee.