Initial Credit Facility definition

Initial Credit Facility means the credit or loan agreement to be entered into by the Company prior to the Merger, as agreed upon by the C&E Representative and Swedish Match.

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Initial Credit Facility means the revolving credit agreement dated as of the Initial Closing Date among the Initial Credit Facility Provider, the Issuer, the Guarantor and the Cash Manager, as amended, supplemented or otherwise modified from time to time in accordance with its terms and as so replaced and so designated pursuant to Section 3.12(e)(iii) hereof.

Initial Credit Facility means a Facility as defined in the Initial Credit Facility Agreement.

Examples of Initial Credit Facility in a sentence

On the date of initial issuance of the Bonds, the Borrower shall deliver (or cause to be delivered) to the Trustee the Initial Credit Facility which provides for the payment of the Purchase Price of Bonds tendered for purchase and not remarketed as provided in the Indenture.
Upon any such modification, the Issuer shall deliver to the Holders, the Trustee, the Policy Provider and the Initial Credit Facility Provider a certificate of the Issuer certifying that such modification will not adversely affect the Holders, the Policy Provider or the Initial Credit Facility Provider.
On each Payment Date, the Cash Manager shall direct the Operating Bank to pay to the Initial Credit Facility Provider all Investment Earnings on amounts on deposit in the Credit Facility Reserve Account.
Each of the Trustee and the Drawing Agent shall notify the Issuer, the Guarantor, the Policy Provider and the Initial Credit Facility Provider promptly of any claim asserted against the Trustee or the Drawing Agent, as applicable, for which it may seek indemnity; provided, however, that failure to provide such notice shall not invalidate any right to indemnity hereunder.
If the Controlling Party is the Policy Provider or the Initial Credit Facility Provider, only it may give a Default Notice.

More Definitions of Initial Credit Facility

Initial Credit Facility means the initial Credit Facility delivered to, and accepted by, the Trustee pursuant to Section 3.08(e).

Initial Credit Facility means the Credit Enhancement Instrument, dated the date of the initial issuance of the 2002 Bonds, between the Initial Credit Facility Provider and the Trustee, as the same may be amended, modified or supplemented from time to time and shall also include any substitute therefor provided by the Initial Credit Facility Provider meeting the requirements of the Loan Agreement, as such substitute may be amended, modified or supplemented from time to time.

Initial Credit Facility has the meaning set forth in Section 2.1(a) hereof.

Initial Credit Facility means the aggregate of the Initial Revolving Facility, the Initial Term Loan Facility, and the Swing Line Facility.

Initial Credit Facility means the irrevocable transferable direct pay letter of credit to be issued by the Credit Provider and delivered by Columbus Zoo to the Trustee on the Conversion Date of the interest rate on the Bonds to a Daily Rate, Weekly Rate or Adjustable Rate Mode, including extensions thereto, against which the Trustee shall be entitled to draw, in accordance with the terms thereof, up to (a) an amount sufficient to pay, with respect to the Bonds then outstanding supported by such Credit Facilit y, (i) the aggregate principal amount of such Bonds, plus (if requested by Columbus Zoo) an amount equal to the maximum optional redemption premium payable on such Bonds subsequent to the Conversion Date or Adjustable Rate Reset Date, as appropriate, or (ii) the purchase price or a portion of the purchase price equal to the aggregate principal amount of such Bonds delivered for purchase pursuant to Article III of this Indenture; plus (b) an amount equal to (A) at least 51 days’ accrued interest on the Bonds then outstanding in the Daily Rate Mode or the Weekly Rate Mode calculated at an assumed rate per annum established in such Initial Credit Facility and no greater than the Maximum Rate, or (B) at least the number of days of interest computed at an assumed rate per annum established in such Credit Facility and no greater than the Maximum Rate per annum on all Bonds at the time Outstanding that are in the Adjustable Rate Mode sufficient for the Bonds to obtain a rating from a Rating Agency (whether or not the Bonds are to be rated by a Rating Agency).

Initial Credit Facility has the meaning set forth in the Recitals hereto.

Initial Credit Facility means, for the Series 2003 Bonds, the 2003 Letter of Credit, and for each series of Additional Bonds, any letter of credit, bond insurance policy, bond purchase agreement, guaranty, line of credit, surety bond or similar credit or liquidity facility that provides payment for and secures the payment of the principal of and interest on, and the purchase price of, each Series of Additional Bonds, the administrative provisions of which are reasonably satisfactory to the Trustee, together with any and all Supplements thereto.