Licensing Credit Agreement definition

Licensing Credit Agreement means that certain Licensing Credit Agreement by and among the Debtor and FCMC and The Huntington National Bank as administrative agent and as a lender, together with co-lender Huntington Finance LLC, dated as of March 31, 2009, as amended.
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Examples of Licensing Credit Agreement in a sentence

  • The Settlement Agreement extended the term of the Licensing Credit Agreement to September 30, 2012, and deleted the financial covenant that the Debtor and FCMC maintain a minimum amount of net income before taxes.

  • In accordance with the terms of the amendment: (i) FCMC used $1 million in unpledged cash to repay the amount outstanding under its revolving line of credit with the Bank, (ii) available credit under the revolving loan facility of the Licensing Credit Agreement was reduced from $2 million to $1 million, and (iii) cash collateral, which is required to secure the revolving loan and letter of credit facilities under the Licensing Credit Agreement, was reduced from $8.5 million to $7.5 million.

  • The Licensing Credit Agreement, as amended, provides for a $1 million line of credit and $6.5 million letter of credit facility from the Licensing Lenders to FCMC and the Debtor.

  • 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.

  • Each security interest, Lien, security agreement and financing statement granted, created or filed by, under or in connection with the Legacy Credit Agreement or any other Loan Document, the Licensing Credit Agreement or any Existing Forbearance Agreements or any predecessor thereto shall remain in full force and effect in all respects and unaffected by this Agreement.

  • Many tenants face tremendous obstacles in accessing this kind of documentation.

  • Each such obligation of Mr. Axon will be secured and continue to be secured by the Guarantor Collateral (as defined under the Licensing Credit Agreement).

  • In furtherance of the foregoing, Huntington and FCMC agree to execute an amendment to the Licensing Credit Agreement to be effective as of July 20, 2010, no later than such date to incorporate the terms of items 2 and 3 hereof.

  • FCMC agrees on July 20, 2010 to (i) use unpledged cash to reduce the outstanding balance on the revolving line of credit under the Licensing Credit Agreement to zero, and (ii) permanently reduce such revolving line of credit to $1,000,000.

  • As a result of the permanent reduction pursuant to item # 2, clause (ii) above, Huntington agrees to release $1,000,000 of cash collateral under the Licensing Credit Agreement, and the parties agree that on July 20, 2010, such released cash collateral shall be applied as a $1,000,000 voluntary payment under the terms of the Legacy Credit Agreement.

Related to Licensing Credit Agreement

  • Existing Credit Agreement as defined in the recitals hereto.

  • Existing Credit Agreements has the meaning set forth in the recitals hereto.

  • 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.

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

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

  • 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.

  • 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.

  • 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.

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

  • 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.

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

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

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

  • 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.

  • 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.

  • 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).

  • Credit Agreements means any promissory note, mortgage, loan agreement, indenture or similar instrument or agreement to which the Company or any of its Subsidiaries is or becomes a borrower, as such instruments or agreements may be amended, restated, supplemented or otherwise modified from time to time and including any one or more refinancing or replacements thereof, in whole or in part, with any other debt facility or debt obligation, for as long as the payee or creditor to whom the Company or any of its Subsidiaries owes such obligation is not an Affiliate of the Company.

  • 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.

  • Credit Agreement Agent means, at any time, the Person serving at such time as the “Agent” or “Administrative Agent” under the Credit Agreement or any other representative then most recently designated in accordance with the applicable provisions of the Credit Agreement, together with its successors in such capacity.

  • 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

  • Second Amended and Restated Credit Agreement shall have the meaning assigned to such term in the recitals of this Agreement.

  • ABL Credit Agreement as defined in the recitals hereto.

  • Credit Agreement Documents means the collective reference to any Credit Agreement, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.

  • Pre-Petition Credit Agreement as defined in the recitals hereto.