Legacy Credit Agreement definition

Legacy Credit Agreement means that certain Legacy Credit Agreement by and among certain of Debtor’s subsidiaries (but not FCMC) and The Huntington National Bank, as administrative agent and as a lender, together with co-lenders Huntington Finance LLC, M&I Marshall & Ilsley Bank, and BOS USA Inc., dated as of March 31, 2009, as amended.
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Legacy Credit Agreement means that certain Amended and Restated Credit Agreement dated March 31, 2009, among Huntington, as Administrative Agent, Huntington, Huntington Finance LLC, M&I Xxxxxxxx & Ilsley Bank and BOS (USA) Inc., as lenders, and Franklin Credit Asset Corporation, Franklin Asset, LLC and multiple subsidiary borrowers, as Borrowers.
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Legacy Credit Agreement means that certain Credit Agreement dated on or about the date hereof by and between the Company, Legacy and the lenders from time to time party thereto, as amended, restated, supplemented or otherwise modified.
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Examples of Legacy Credit Agreement in a sentence

  • The 2011 Restructuring, Legacy Credit Agreement and Licensing Credit Agreement On May 23, 2011, Franklin Holding entered into a settlement agreement (the “Settlement Agreement”) with the Bank covering the surrender and transfer of the REIT Securities held by Franklin Holding (and pledged as collateral under the Legacy Credit Agreement).

  • Contemporaneously with the execution of the Settlement Agreement, Franklin Holding entered into amendments to both the Legacy Credit Agreement and the Licensing Credit Agreement.

  • The Legacy Credit Agreement, (which matured on March 31, 2012), was amended to (i) release the Debtor as a limited guarantor, (ii) waive the Specified Default, and (iii) permit the transfer to the Debtor of assets, amounting principally to approximately $370,000 in cash, from an inactive limited purpose wholly-owned subsidiary, and the subsequent dissolution of that subsidiary.

  • FCMC holds $7.5 million in an FCMC bank account, on which the Bank has a second priority lien under the Legacy Credit Agreement.

  • It is therefore highly likely that a capital transaction will take place with respect to FCMC within the term of the Deferred Payment Agreement and thus the Bank, in its capacity as administrative agent under the Legacy Credit Agreement, would be paid an amount(s) pursuant to the terms of the Deferred Payment Agreement.Due to provisions of the Deferred Payment Agreement, it was determined that FCMC was no longer eligible to be included in the consolidated Federal income tax return of the Debtor.

  • Pursuant to the Deferred Payment Agreement, FCMC paid the Bank, in its capacity as administrative agent under the Legacy Credit Agreement, $4 million in cash and agreed to further pay to the Bank, in its capacity as administrative agent under the Legacy Credit Agreement, 10% of any monetizing transactions of FCMC, less $4 million, from FCMC.

  • The business activities of the Debtor and its other subsidiary companies following the December 2008 holding company formation and corporate reorganization and 2009 debt restructuring (the “March 2009 Restructuring”) principally consisted of making payments on the Legacy Debt owed to the Bank and other Legacy Lenders in accordance with the Legacy Credit Agreement.

  • In September of 2010, a deferred payment agreement was entered into with the Bank, in its capacity as administrative agent under the Legacy Credit Agreement (the “Deferred Payment Agreement”).

  • Monetizing transactions include additional contributions to the capital of FCMC, the sale of the FCMC stock, dividends paid by FCMC, and liquidating distributions of FCMC (but not the sale, restructuring or spinoff, subject to the prior approval of the Bank in its capacity as administrative agent under the Legacy Credit Agreement, by the Debtor of its ownership interests in FCMC).

  • The Bank is the administrative agent under the Licensing Credit Agreement and the Legacy Credit Agreement.

Related to Legacy Credit Agreement

  • Company Credit Agreement means that certain Credit Agreement, dated as of January 28, 2019, by and between the Company, the lenders party thereto from time to time and SunTrust Bank, as administrative agent for the revolving lenders and as collateral agent for the secured parties thereunder.

  • New Credit Agreement means the Credit Agreement, dated as of the Issue Date, by and among Level 3 Parent, LLC, Level 3 Financing, Inc., Wilmington Trust, National Association, as administrative agent, the New Credit Agreement Agent and each lender party thereto from time to time, as may be amended, restated, supplemented or otherwise modified from time to time.

  • Bank Credit Agreement means the Revolving Credit and Term Loan Agreement, dated as of January 26, 2015, by and among the Company and certain of its Subsidiaries, Bank of America, N.A., as administrative agent, and the other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • 364-Day Credit Agreement means the 364-Day Credit Agreement, dated as of the date hereof, among the Borrowers, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, as administrative agent, and the other agents party thereto.

  • DIP Credit Agreement means the Senior Secured Superpriority Debtor-in-Possession Credit Agreement, dated as of April 1, 2009, among the Companies, the Investor and the other lenders and agents from time to time party thereto, after giving effect to all amendments, waivers, supplements, modifications and any substitutions therefor.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • U.S. Credit Agreement means that certain credit agreement dated as of even date herewith by and among the U.S. Borrower, as borrower, the lenders party thereto, as lenders, and the U.S. Administrative Agent, as administrative agent.

  • Existing ABL Credit Agreement means that certain ABL credit agreement, dated as of April 19, 2013, among Petco Animal Supplies, Inc., the lenders party thereto, Bank of America, N.A., (as successor to Credit Suisse AG) as administrative agent, Xxxxx Fargo Bank, National Association, as collateral agent, and the subsidiaries of Petco Animal Supplies, Inc. from time to time party thereto, as amended by that certain First Amendment to the ABL Credit Agreement, dated as of November 21, 2014.

  • Parent Credit Agreement means that Credit Agreement, dated as of the date hereof, by and among FE and FET as borrowers, the banks and other financial institutions party thereto from time to time, and JPMorgan as administrative agent, as amended, amended and restated or otherwise modified from time to time.

  • ABL Credit Agreement as defined in the recitals hereto.

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • Bridge Credit Agreement means that certain Credit Agreement, dated as of December 24, 2018, by and among Parent Borrower, as Borrower, Citibank, N.A., as Agent and the other parties thereto.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

  • Existing Revolving Credit Agreement means that certain Revolving Credit Agreement, dated as of August 29, 2018, among the Borrower, the other borrowers party thereto, the lenders and letter of credit issuers from time to time party thereto and Xxxxx Fargo Bank, National Association, as administrative agent (as amended, restated, supplemented or otherwise modified from time to time).

  • Pre-Petition Credit Agreement has the meaning assigned to such term in the Recitals.

  • Prior Credit Agreement has the meaning specified in the Recitals hereto.

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Master Letter of Credit Agreement means, at any time, with respect to the issuance of Letters of Credit, a master letter of credit agreement or reimbursement agreement in the form, if any, being used by the Issuing Lender at such time.

  • Term Credit Agreement means the Term Credit Agreement and any other agreement extending the maturity of, consolidating, restructuring, refunding, replacing or refinancing all or any portion of the Term Obligations, whether by the same or any other agent, lender or group of lenders and whether or not increasing the amount of any Indebtedness that may be incurred thereunder.

  • Existing Credit Agreement as defined in the recitals hereto.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • Amended Credit Agreement means the Existing Credit Agreement as amended hereby.