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 (a) the Initial Primary Liquidity Facility provided by the Initial Primary Liquidity Facility Provider, (b) any credit agreement, letter of credit, guarantee, 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; provided that the provider of an Eligible Credit Facility shall agree therein that it is entitled only to the priority of repayment accorded to Eligible Credit Facilities under Section 3.09.
Examples of Eligible Credit Facility in a sentence
The Fee payable to SFAC by the ELI for Guarantee Cover in respect of an Eligible Credit Facility granted by it to an FPC Borrower under the Scheme is a onetime Guarantee Fee calculated @ 0.85% of the sanctioned Credit Facility, subject to a maximum of Rs. 85,000/- (Rs. Eighty Five Thousand only).
The officers and staff of the Authority and VIT are hereby authorized to take such actions, and deliver such additional documents and certificates, as they may in their discretion deem necessary or proper in connection with the Eligible Credit Facility herein authorized.
And of course I can make a joke by saying that after teaching EU law for two decades, I wanted to make sure I have not been teaching nonsense.
To the extent any other Eligible Credit Facility is established, drawings under such facility will supplement Available Collections as and to the extent specified in such facility.
Controlling Party The Controlling Party will be the senior trustee and may in certain circumstances be the provider of an Eligible Credit Facility (other than any provider of an Eligible Credit Facility, including the Initial Liquidity Facility Provider, if applicable, if such provider is the Servicer or an affiliate of the Servicer).
More Definitions of 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.
Eligible Credit Facility has the meaning set forth in Section 5.1 below.
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 (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 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 credit facility or subscription facility, so long as such facility is irrevocable and not subject to any conditions to advance that would not be reasonably expected to be satisfied as of the applicable date of determination.
Eligible Credit Facility means (a) the Initial Liquidity Facility provided by the Initial Liquidity Facility Provider, (b) any credit agreement, letter of credit, guarantee, 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.