German Facility definition

German Facility means the credit facility between Commerzbank AG (or an affiliate or subsidiary thereof) and the Company and/or one or more of its Subsidiaries, which is expected to include a revolving credit facility of approximately EUR 17,000,000.
Sample 1Sample 2
German Facility means any Loan to a German Borrower.
Sample 1Sample 2Sample 3
German Facility means the DM 50,000,000 financing arrangement between Recoton Germany and its Subsidiaries and Xxxxxx Bank A.G or, if such facility is not renewed during the term of this Agreement, a replacement facility on terms and pursuant to documentation substantially consistent with those in existence on the date hereof and otherwise reasonably satisfactory to the Agents and the Requisite Lenders (as defined in the Senior Loan Agreement).
Sample 1

Examples of German Facility in a sentence

  • In the event of a Servicer Default, the Lessor or the German Security Trustee, in each case acting pursuant to Sub-Clause 9.24(d) (Servicer Default) of the German Facility Agreement, shall have the right to replace the Servicer as servicer with a replacement servicer which shall be appropriately licensed.

  • The terms of this Agreement will not be waived, altered, modified, amended, supplemented or terminated in any manner whatsoever unless the same shall be in writing and signed and delivered by the Lessor, the Servicer, the German Security Trustee and each Lessee, subject to any restrictions on such waivers, alterations, modifications, amendments, supplements or terminations set forth in the German Facility Agreement.

  • For the avoidance of doubt, the provisions of Section 3.01(a)-(d) and (f) shall not apply in respect of payments made in respect of the German Facility.

  • Similarly, a Lender shall promptly notify the Administrative Agent on becoming so aware in respect of a payment payable to that Lender in respect of the German Facility.

  • There was no outstanding balance on the amended and restated German Facility at September 30, 2006 and December 31, 2005.Advances under the German credit facilities are repayable daily.

  • Various covenants and restrictions on our operations under the prior credit facility applied under the DIP Facility and the German Facility without material modification, together with an additional restriction on the amount of funds that could be transferred from FiberMark Germany to support North American operations.

  • All payments with respect to any German Facility Obligations shall be made in Euros or, if any portion of such German Facility Obligations is denominated in British Pounds, then in British Pounds, if any portion of such German Facility Obligations is denominated in Swiss Francs, then in Swiss Francs, or, if any portion of such German Facility Obligations is denominated in Dollars, then in Dollars.

  • German Facility Secured Parties: the Agent, the German Issuing Bank, the German Lenders and the Secured Bank Product Providers who provide Bank Products to the German Facility Obligors and their Subsidiaries.

  • On the German Revolver Commitment Termination Date, the German Borrower shall make Full Payment of all German Facility Obligations.

  • If the aggregate German Revolver Loans exceed the German Borrowing Base (a “German Overadvance”) at any time, the excess amount shall be payable by the German Borrower on demand by Agent, but all such German Revolver Loans shall nevertheless constitute German Facility Obligations secured by the German Facility Collateral.


More Definitions of German Facility

German Facility means that certain loan agreement dated September 29, 1995 between Halx Xxoducts Beteilgungsgescekkscgaft nbH (formerly DUNJA Verwaltungsgesellschaft mgH), LUKAS Hydraulik GmbH und Co. KG and BofA, as amended on April 22, 1997 and December 9, 1998.
Sample 1
German Facility means the credit facility between Commerzbank AG (or an affiliate or Subsidiary thereof) and the Company and/or one or more of its Subsidiaries, which is expected to include a revolving credit facility of approximately EUR 17,000,000. “Global Credit Facilities” means (a) the Bank of the West Facility, (b) the Nedbank LC Agreement, (c) this Agreement, (d) the German Facility and (e) the Belgium Facility, as amended, restated, modified, supplemented, replaced or refinanced from time to time, and any subsequent agreement or agreements entered into by one or more members of the Group which are similar to the Global Credit Facilities or which constitute, taken as a whole, the Group’s main credit facilities. “Governmental Authority” means (a) the government of (i) the Applicable Jurisdiction or any State or other political subdivision of either thereof, or (ii) any other jurisdiction in which any Obligor or any Subsidiary conducts all or any part of its business, or which asserts jurisdiction over any properties of any Obligor or any Subsidiary, or (iii) any entity exercising executive, legislative, judicial, regulatory or administrative functions of, or pertaining to, any such government. “Group” means the Company and its Subsidiaries.
Sample 1
German Facility means any Loan to a German Borrower. “German Lender” means any lenders under a German Facility. “German Parallel Debt” has the meaning specified in Section 11.25.
Sample 1
German Facility means any credit facility or credit arrangement including any day light overdraft facility or international account agreements provided by Bank of America Xxxxxxx Xxxxx International Limited (or any of its branches or Affiliates) to the Target (or any of its Affiliates that are Foreign Subsidiaries).
Sample 1
German Facility means that certain loan agreement dated September 29, 1995 between Hale Products Beteilgungsgescekkscgaft nbH (formerly DUNJA Verwaltungsgesellschaft mgH), LUKAS Hydraulik GmbH und Co. KG and BofA, as amended on April 22, 1997 and December 9, 1998.
Sample 1

Related to German Facility

  • Canadian Facility means, at any time, the aggregate amount of the Canadian Commitments at such time.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Facility C means the term loan facility made available under this Agreement as described in paragraph (c) of Clause 2.1 (Facilities).

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Overdraft Facility or ‘Facility’ means an authorised debit balance that may be offered to you at our discretion from time to time allowing your Account to go overdrawn up to an agreed Overdraft Limit.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Term A Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term A Commitments at such time and (b) thereafter, the aggregate principal amount of the Term A Loans of all Term A Lenders outstanding at such time.

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

  • Term Facility Commitment means the commitment of a Term Lender to make Term Loans, including Initial Term Loans and/or Other Term Loans.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Offshore facility ’ means any facility of any kind located in, on, or under any of the navigable waters of the United States, and any facility of any kind which is subject to the ju- risdiction of the United States and is located in, on, or under any other waters, other than a vessel or a public vessel;

  • Extended Revolving Facility Commitment shall have the meaning assigned to such term in Section 2.21(e).

  • Onshore facility means any facility any part of which is located in, on, or under any land of the state, other than submerged land, that because of its location, could reasonably be expected to cause substantial harm to the environment by discharging oil into or on the navigable waters of the state or the adjoining shorelines.

  • Tranche A Facility means the aggregate of the Tranche A Commitments.