Existing Facilities Agreement definition

Existing Facilities Agreement means that certain Facilities Agreement, as amended, restated, supplemented, or modified from time to time, dated as of January 29, 2015 and amended and restated on September 15, 2015, by and among Seabras 1 Bermuda Ltd., as borrower, the Existing Lenders, the Existing Agent, and the guarantors thereunder.

Existing Facilities Agreement means the NOK 600,000,000 multicurrency term and revolving loan facilities agreement originally dated 29 September 2016 and made between the Issuer and DNB Bank ASA (in various capacities), as amended and/or restated from time to time.

Existing Facilities Agreement has the meaning given to it in recital (A).

Examples of Existing Facilities Agreement in a sentence

• The parties hereto agree that with effect from the Amendment Effective Date, the Existing Facilities Agreement shall be supplemented and amended and restated by this Agreement so that it shall then be in effect in the form set out at Schedule 3 (Amended and Restated Facilities Agreement) to this Agreement.

• In accordance with Section 11(a) of the Existing Facilities Agreement (as amended by this Amendment), the Borrower shall reimburse the Lender upon demand for all out-of-pocket expenses (including counsel's fees) incurred by the Lender in connection with this Amendment.

• As of the Petition Date, the Debtors’ outstanding funded debt totals approximately $150 million consisting of two facilities under the Existing Facilities Agreement.

• The Revised Facilities Agreement will come into effect, among other conditions, upon the application of the net proceeds of the Rights Issue to reduce the outstanding borrowings under the Existing Facilities Agreement.

• On the Effective Date, the Reorganized Debtors and the Existing Agent on behalf of all holders of Existing Facilities Agreement Claims shall execute and deliver the Restructured Facilities Documents, and such documents shall become effective in accordance with their terms.

More Definitions of Existing Facilities Agreement

Existing Facilities Agreement means the senior credit agreement dated 15 February 2001, as amended and restated on 27 March 2001 and 23 July 2002, between, inter alia, the Parent, Antargaz, the lenders named therein and Deutsche Bank AG London as facility agent and security agent in relation to the Existing Facilities;

Existing Facilities Agreement means the term and revolving facilities agreement originally dated 16 August 2018 entered into between, amongst others, the Target and National Westminster Bank PLC (as agent and security trustee) as amended and/or restated from time to time (including, as amended on 24 August 2018 and on 23 October 2018 and as amended and restated on 8 June 2021).

Existing Facilities Agreement means the senior facilities agreement dated 2 March 2022 (as amended and/or amended and restated prior to the date hereof) between, among others, the Company and BNP Paribas S.A. as agent and security agent;

Existing Facilities Agreement means the senior facilities agreement dated 17 December 2013, as amended by an amendment and restatement agreement dated 1 April 2016 and by a second amendment and restatement agreement dated 26 April 2017 and by a third amendment and restatement agreement dated 30 May 2019 between: (i) Camelot Holdco Limited (as Parent); (ii) the companies listed therein as Original Guarantors; (iii) HSBC Bank plc, The Governor and Company of the Bank of Ireland, Sumitomo Mitsui Banking Corporation Europe Limited, Alcentra European DLF S.AR.L and Alcentra UK DLF S.AR.L (as Arrangers); (iv) the financial institutions listed in Part II of Schedule 1 thereof as Original Lenders; and (v) Sumitomo Mitsui Banking Corporation Europe Limited as both Agent (the “Existing Agent”) and Security Agent (the “Existing Security Agent”).

Existing Facilities Agreement means the facilities agreement dated on or about 7 March, 2024 between Powerfleet, Inc. (as borrower) and FirstRand Bank Limited (acting through its Rand Merchant Bank division) (as lender).

Existing Facilities Agreement means the amended and restated credit facility agreement dated 19 May 2021, a copy of which is included at document 12.1.1 of the Data Room as may be amended and extended after the date of this Agreement in accordance with Clause 6.3(j);

Existing Facilities Agreement the facilities agreement originally dated 1 April 2015 as amended on 1 December 2016 and amended and restated on 20 June 2019 and as further amended and/or amended and restated from time to time between, among others, the Company as parent and Barclays Bank PLC as agent;