Examples of Interim Credit Agreement in a sentence
Each Blocked Account Control Agreement is effective to create in favor of the Interim Administrative Agent, for the benefit of the "secured parties" as defined in the Interim Credit Agreement, a legal, valid and enforceable security interest in the Collateral described therein and the proceeds thereof.
To provide the financing necessary for the Offer, in the event sufficient financing through the commercial paper program is not available, we have entered into a 364-Day Interim Credit Agreement dated as of February 25, 2003 (the "Credit Agreement") which provides a $700 million revolving credit commitment to us from a syndicate of banks with JPMorgan Chase Bank as administrative agent and Bank of America, N.A. and Bank One, NA as co-syndication agents.
Upon the occurrence and continuation of one or more of the Events of Default specified in the Interim Credit Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable all as provided in the Interim Credit Agreement.
The monthly premium to provide an annuity to a natural person with an insurable interest in the retiree shall be 10 percent of the member's full retired pay, plus an additional 5 percent of the member's full retired pay for each full 5 years that the named beneficiary is younger than the retiree.
The Borrower will use (a) the proceeds of the Loans --------------- solely for working capital and general business purposes (including, in relation to the initial Borrowing hereunder, to refinance Indebtedness of the Borrower outstanding under the Existing Interim Credit Agreement) and (b) request the issuance of Letters of Credit consistent with such purposes.