Lloyds Facility definition

Lloyds Facility means that certain Amended and Restated Master Agreement for Stand-by Letters of Credit, dated May 10, 2018 (as the same may be amended, amended and restated, supplemented, extended, or otherwise modified from time to time), among Lloyds and certain of the Loan Parties.
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Lloyds Facility the revolving loan facility between Lloyds TSB Bank plc, as a lender, and the Borrower, as a borrower, dated as of October 21, 2005, in form and substance acceptable to the Issuing Lender and the other Lenders.
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Lloyds Facility means an unsecured credit facility among one or more Subsidiaries and one or more lenders to be entered into on or after the Restatement Effective Date providing for (x) a revolving working capital credit facility in an amount up to $1,000,000 and (y) the issuance of letters of credit up to an aggregate stated amount of $50,000,000 to support each such Subsidiary's obligations under one or more Lloyd's Syndicate Arrangements.
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Examples of Lloyds Facility in a sentence

  • The Borrower shall, and shall cause each of its Subsidiaries to, use the proceeds from the Lloyds Facility for payment of expenses incurred in connection with the transactions contemplated by the Guarantee Documents and for working capital and general corporate purposes, in particular the implementation of Holding's current business plan as disclosed to the Lenders and as may be amended from time to time by the Board.

  • Notwithstanding the foregoing, if there are no Guarantee Obligations outstanding, the Commitments shall terminate on the date on which the Lloyds Facility is terminated and the Guarantee has been unconditionally released under the Lloyds Facility.

  • The conditions precedent to the effectiveness of the Lloyds Facility as set forth therein shall have been, or shall be substantially concurrently with the Effective Date, satisfied or waived in accordance with the terms thereof.

  • Immediately upon receipt of the proceeds from the sale of Cybernet (Schweiz) AG, the Borrower shall use such proceeds to repay the Lloyds Facility in full, whereupon the Borrower shall terminate the Lloyds Facility, cause the Guarantee to be unconditionally released under the Lloyds Facility and any excess proceeds from the sale of Cybernet (Schweiz) AG shall be retained by the Borrower.

  • Morgan Stanley & Co. Incorporated ("MORGAN STANLEY") is agreeing, pursxxxx xo xxx xxbject to the conditionx xxxxaxxxx xx a guarantee to be dated the date hereof (the "GUARANTEE") and executed simultaneously with this Waiver and Consent, to guarantee VTL UK's obligations under the Lloyds Facility up to (pound)6,000,000.

  • Immediately upon receipt of the proxxxxx xxom the sale of Cybernet (Schweiz) AG, the Borrower shall use such proceeds to repay the Lloyds Facility in full, whereupon the Borrower shall terminate the Lloyds Facility, cause the Guarantee to be unconditionally released under the Lloyds Facility and any excess proceeds from the sale of Cybernet (Schweiz) AG shall be retained by the Borrower.

  • Whereas, VTL UK contemplates repaying any amounts borrowed under the Lloyds Facility with the proceeds from the sale (the "CYBERNET SALE") of Cybernet (Schweiz) AG ("CYBERNET") to Swisscom Fixnet AG pursuant to the Share Purchase Agreement dated October 20, 2005, by and among the Company, Viatel Holding (Europe) Limited and Swisscom Fixnet AG.

  • Each New Holder and the Company hereby agrees that the transactions contemplated by the Lloyds Facility, the Guarantee Facility and the Cybernet Sale, including (without limitation) the application of any proceeds received from the sale of Cybernet toward repayment of any borrowing made under the Lloyds Facility or any amount due under the Guarantee or Guarantee Facility, shall be excluded from the application of proceeds contemplated by Sections 5.2(a) and 5.2(d) of the New Notes.


More Definitions of Lloyds Facility

Lloyds Facility means a loan facility dated 13 February 2008 entered into between the Borrower, the lenders listed therein and Lloyds TSB Bank plc as agent and security trustee;
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Lloyds Facility the revolving loan facility between Lloyds TSB Bank plc, as a lender, and the Borrower, as a borrower, dated as of October 21, 2005, as the same may be amended from time to time, in form and substance acceptable to the Issuing Lender and the other Lenders.
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Lloyds Facility means the credit facility available pursuant to the terms of that certain Asset Based Finance Agreement, dated as of March 12, 2008, by and among Lloyds TSB Bank Plc, Netherlands Branch and Belgium Branch, Lloyds TSB Commercial Finance Limited, Cimcool Europe B.V., Cimcool Industrial Products B.V., D-M-E Europe CVBA, Ferromatik Milacron Maschinenbau GmbH, Milacron Kunststoffmaschinen Europa GmbH, Milacron B.V. and Milacron Nederland B.V.
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Related to Lloyds Facility

  • Holding facility means a designated area for the retention of

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Triage facility means a short-term facility or a portion

  • Disposal facility means a facility or part of a facility at which hazardous waste is intentionally placed into or on any land or water, and at which waste will remain after closure. The term disposal facility does not include a corrective action management unit into which remediation wastes are placed.

  • nuclear facility means, except as otherwise agreed to by the Underwriter, any of the following, provided that Nuclear Material is contained therein or being used therewith or Nuclear Material is present at the site where the same is located:

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Facility means the entire operation located on the property where the Equipment is located;

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Marihuana facility means a location at which a licensee is licensed to operate under the medical marihuana facilities licensing act.

  • Clean coal SNG facility means a facility that uses a

  • Tanning facility means a place that provides access to tanning devices for compensation.

  • Energy facility means an energy plant or transmission

  • Facility Site shall have the meaning set forth in the recitals to the Facility Site Lease.

  • Dry cleaning facility means an establishment with one or more dry cleaning systems.

  • Clean coal facility means an electric generating

  • Processing facility means an establishment that prepares, treats, or converts tangible personal property into finished goods or another form of tangible personal property. The term includes a business engaged in processing agricultural, aquacultural, or maricultural products and specifically includes meat, poultry, and any other variety of food processing operations. It does not include an establishment in which retail sales of tangible personal property are made to retail customers.

  • Other Facilities means athletic stadiums, swimming pools, any associated structures or related equipment tied to such facilities including, but not limited to, grandstands and night field lights, greenhouses, facilities used for non-instructional or non-educational purposes, and any structure, building, or facility used solely for school administration;

  • Vending facility means automatic vending machines, cafeterias, snack bars, cart service, shelters, counters, and such other appropriate auxiliary equipment which may be operated by licensed managers and which is necessary for the sale of newspapers, periodicals, confections, tobacco products, foods, beverages, and other articles or services dispensed automatically or manually and prepared on or off the premises in accordance with all applicable health laws and including the vending or exchange of chances for any lottery authorized by State Law and conducted by an agency of a State within such State. [CFR 34, Part 395.1(X)]

  • Recycling Facility means equipment used by a trade or business solely for recycling:

  • Health facility means the medical college and hospital or the teaching hospital or the district/ sub-division etc. hospital to which the goods and/ or services under the contract shall be supplied.

  • Electric Facility means a Generator or an electric transmission facility.

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • Wastewater facilities means the structures, equipment, and processes required to collect, carry away, and treat domestic and industrial wastes and dispose of the effluent.

  • Local Facility means any of them.

  • As-built drawings, as used in this clause, means drawings submitted by the Contractor or subcontractor at any tier to show the construction of a particular structure or work as actually completed under the contract. “As-built drawings” shall be synonymous with “Record

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.