Eligible Credit Facility definition

Eligible Credit Facility means (a) the Initial Liquidity Facility provided by the Initial Liquidity Facility Provider, (b) any credit agreement, letter of credit, guarantee, financial guarantee insurance policy, credit or liquidity enhancement facility, term loan facility or other credit facility provided by, or supported by, an Eligible Provider in favor of any Issuer Group Member and subjected to the lien of the Security Trust Agreement and designated by the Controlling Trustees as an Eligible Credit Facility and (c) any Eligible Account established for the purpose of providing like credit or liquidity support and designated by the Controlling Trustees as an Eligible Credit Facility.

Eligible Credit Facility means (a) the Initial Credit Facility, (b) any credit agreement, letter of credit, guarantee, credit or liquidity enhancement facility or other credit facility provided by, or guaranteed by a further such credit facility provided by, an Eligible Provider in favor of any ACS Group Member and that is, in any such case, subject to the lien of the Security Trust Agreement and designated by a Board Resolution and Guarantor Board Resolution as an Eligible Credit Facility or (c) any Account established for the purpose of providing like credit or liquidity support and designated by a Board Resolution and Guarantor Board Resolution as an Eligible Credit Facility.

Eligible Credit Facility means one or more credit facilities (and any permitted refinancing or replacement thereof) between the Company and one or more Lenders, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, modified, renewed, refunded, replaced or refinanced from time to time as permitted herein, which credit facility or facilities (and any permitted refinancing or replacement thereof) (i) has or have terms and conditions (including with respect to applicable interest rates and fees) customary for similar facilities extended to borrowers comparable to the Company, (ii) collectively do not permit the Company to incur Indebtedness thereunder at any time outstanding in excess of $15,000,000 in aggregate principal amount, and (iii) may be secured by certain assets of the Company, subject to the terms and conditions of an Eligible Credit Facility Intercreditor Agreement between the Trustee and the Lender or Lenders providing such Eligible Credit Facility.

Examples of Eligible Credit Facility in a sentence

• All amounts provided in connection with any such Trustee Resolution for deposit in such Account and all amounts to be deposited in such Account under Section 3.09 as an Eligible Credit Facility shall be held in such Cash Collateral Account for application, and all replenishment shall be made, in accordance with the terms of the Trustee Resolution relating to such Eligible Credit Facility, which Trustee Resolution shall include the basis of any replenishment of the Cash Collateral Account.

• Notwithstanding Section 3.09, Article X, or anything else to the contrary contained in this Indenture or the Security Trust Agreement, all amounts available in any Cash Collateral Account or drawn against any other Eligible Credit Facility shall be paid to such Holders of Notes (and holders of other obligations) for whose benefit such Eligible Credit Facility is stated to be established except to the extent otherwise provided in the Trustee Resolutions providing for such Eligible Credit Facility.

• Each Hedge Provider and each provider of an Eligible Credit Facility shall be a third party beneficiary of this Indenture.

• The Issuer shall give the Policy Provider, each provider of an Eligible Credit Facility and each Rating Agency prior notice of any amendment under this Section 9.01 and any amendments of the constitutive documents by the Issuer or any ACS Group Subsidiaries, and, after an amendment under this Section 9.01 becomes effective, the Issuer shall mail to the Holders, the Policy Provider, each provider of an Eligible Credit Facility and the Rating Agencies a notice briefly describing such amendment.

• Notwithstanding Section 3.09, Article X, or anything else to the contrary contained in this Indenture or the Security Trust Agreement, all amounts available in any Cash Collateral Account or drawn against any other Eligible Credit Facility shall be paid to Holders of the subclass of Notes (and holders of other obligations) for whose benefit such Eligible Credit Facility is stated to be established except to the extent otherwise provided in the Board Resolutions providing for such Eligible Credit Facility.

More Definitions of Eligible Credit Facility

Eligible Credit Facility has the meaning set forth in Section 5.1 below.

Eligible Credit Facility means (a) any credit agreement, letter of credit, guarantee, credit or liquidity enhancement facility or other credit facility provided by, or supported by a further such credit facility provided by, an Eligible Provider in favor of any Issuer Group Member and subjected to the lien of the Security Trust Agreement or (b) any Account established for the purpose of providing like credit or liquidity support and designated as an Eligible Credit Facility.

Eligible Credit Facility means any Credit Facility provided by, or supported with a further Credit Facility provided by, an Eligible Provider.

Eligible Credit Facility means an "Eligible Credit Facility" (as defined in the Intercreditor Agreement) less any Indebtedness under Capital Leases that is subordinated to the Obligations pursuant to the terms of the Intercreditor Agreement.

Eligible Credit Facility means (a) the Initial Liquidity Facility provided by the Initial Liquidity Facility Provider, (b) any credit agreement, letter of credit, guarantee, financial guarantee insurance policy, credit or liquidity enhancement facility, term loan facility or other credit facility provided by, or supported by a further such credit facility provided by, an Eligible Provider in favor of any Issuer Group Member and subjected to the lien of the Security Trust Agreement and designated by the Board as an Eligible Credit Facility and (c) any Eligible Account established for the purpose of providing like credit or liquidity support and designated by the Board as an Eligible Credit Facility.

Eligible Credit Facility means a credit facility (and any permitted refinancing or replacement thereof) between the Company and a Lender, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, modified, renewed, refunded, replaced or refinanced from time to time as permitted herein, which credit facility (and any permitted refinancing or replacement thereof)

Eligible Credit Facility means each Financing Document that provides for the extension of credit constituting Eligible Debt.