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 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.

  • 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.

  • 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 has a continuous use temperature of 800 °C and a peak temperature of 1000 °C.

  • 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.

  • 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 New Silver Legacy Credit Agreement is secured by a first priority security interest in substantially all of the existing and future assets (other than certain licenses which may not be pledged under applicable law) of the Silver Legacy Joint Venture and a first priority pledge of and security interest in all of the Partnership interests in the Silver Legacy Joint Venture.

  • At the same time, the average relative international travel frequency of the world’s population rose to over 11% in 2000 compared to less than 1% in 1950.

  • Additionally, the Maximum Amount shall be reduced to the extent that any distribution made by FCMC after the date of this Letter Agreement to its shareholders results in the application of any payments to the administrative agent and the lender under the Legacy Credit Agreement.

Related to Legacy Credit Agreement

  • Company Credit Agreement means the Amended and Restated Credit Agreement, dated as of September 30, 2016, as amended from time to time, among the Company, the guarantors named therein, the lenders named therein, and Xxxxx Fargo Bank, National Association, as administrative agent and collateral agent, and all pledge, security, guaranty and other agreements and documents related thereto.

  • 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 Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and 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, in substantially the form attached to this Plan as Exhibit B or 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 Debtors and the Required Consenting Creditors in the manner set forth in the Plan 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 has the meaning set forth in the recitals to this Agreement.

  • First Lien Credit Agreement means the Credit Agreement, dated as of the Closing Date, among Holdings, the Borrower, the guarantors party thereto, the lenders party thereto, the other parties from time to time party thereto, and the First Lien Administrative Agent.

  • 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 as defined in the recitals hereto.

  • 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 shall have the meaning set forth in the recitals hereto.

  • Existing Credit Agreement as defined in the recitals hereto.

  • Second Lien Credit Agreement means that certain Second Lien Credit Agreement, dated as of December 30, 2020, among Vine Energy Holdings LLC, as borrower, the lenders from time to time party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc. as Administrative Agent (as defined therein) and Collateral Agent (as defined therein), as further amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time

  • Senior Credit Agreement has the meaning specified therefor in the Recitals hereto.

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