Examples of Existing Revolving Credit Facilities in a sentence
Notwithstanding the foregoing, to the extent that any Revolving Credit Extensions of Credit or any other Obligations remain outstanding under any of the Existing Revolving Credit Facilities (including without limitation Letters of Credit), the Loan Parties hereby acknowledge and agree that such Revolving Credit Extensions of Credit and other Obligations shall constitute Obligations of the Loan Parties hereunder and not under any of the Existing Revolving Credit Facilities.
Upon the execution and delivery of this Agreement by each of the parties hereto and the satisfaction of each of the other conditions set forth in Section 5.01 hereof, the Existing Revolving Credit Facilities and the Security Documents (as defined therein) and the obligations of Citizens, as lender thereunder to make Revolving Credit Extensions of Credit thereunder shall be, and hereby are, terminated and Citizens shall cause any Liens securing the Obligations thereunder to be terminated or released.
The board consists of an independent voting director, an additional independent director, a councillor, and two council directors.i4B has a service level agreement (SLA) with the council to providea range of services to support i4B’s operations, including:● corporate and financial services;● property purchasing and refurbishment; and● housing management The SLA enables i4B to operate with minimal staff and operating costs.
In order to refinance and replace the Existing Revolving Credit Facilities Agreement, the Issuer entered into a new €325,000,000 revolving credit facilities agreement, as further described in “Description of the Issuer and the Group – Material Contracts” and in “Recent Developments”.
Each Lender party hereto which is also party to one or both of the Existing Revolving Credit Facilities hereby waives compliance by the Borrower with the requirement of three Business Days’ (as defined therein) notice thereunder for the termination of the Commitments (as defined therein) pursuant to Section 2.06(b) thereto.