Main Street Expanded Loan Facility definition

Main Street Expanded Loan Facility is specified as the applicable “Main Street Facility” in the Transaction Summary, then the consent of the Agent required to assign the Transferred Rights in connection with an Elevation.
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Main Street Expanded Loan Facility program established by the Federal Reserve on April 9, 2020 under the authority of Section 13(3) of the Federal Reserve Act, with approval of the U.S. Secretary of the Treasury. “Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority. “Specified Quarter” means the last fiscal quarter of the most recent Test Period ended on or prior to the termination of the Covenant Relief Period. “UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. “UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.
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Main Street Expanded Loan Facility that have been authorized under Section 13(3) of the Federal Reserve Act (as published prior to June 7, 2020) (provided that notwithstanding the foregoing (1) the quantum, pricing, interest rates and other interest terms (including cash pay interest), fees, prepayment penalties or other economic terms may be as agreed between the Borrower or any of its Restricted Subsidiaries and each lender providing such Indebtedness (each in their sole discretion), (2) the tenor of such Indebtedness may be shorter than four years so long as it is not shorter than 91 days following the then-existing Latest Revolving Maturity Date at such time of incurrence and (3) any amortization may be as agreed between the Borrower or any of its Restricted Subsidiaries and each lender providing such Indebtedness (each in their sole discretion) so long as the aggregate Weighted Average Life to Maturity (solely with respect to such amortization component) of such Indebtedness is no shorter than the Weighted Average Life to Maturity (solely with respect to any amortization component) pursuant to the “Main Street Expanded Loan Facility” that has been authorized under Section 13(3) of the Federal Reserve Act (as published prior to June 7, 2020)) or (ii) Refinancing Indebtedness in respect of any Indebtedness existing as of the Amendment No. 4 Effective Date or referred to in the preceding clause (i)); provided that, notwithstanding the foregoing, it shall also not be a breach or violation of the Covenant Waiver Conditions if the Borrower and/or any of its Restricted Subsidiaries shall incur any other Restricted First Lien Debt on any date when the Revolving Facility Test Condition is not then satisfied (and thereafter remain liable therefore), so long as such Restricted First Lien Debt does not have a stated final maturity date that is earlier than 91 days after the then-existing Latest Revolving Maturity Date at such time of incurrence; and
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Examples of Main Street Expanded Loan Facility in a sentence

  • The Secretary of the Treasury (“Secretary”) has committed funds appropriated to the Exchange Stabilization Fund under section 4027 of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) to the SPV in connection with the Facility, the Main Street Priority Loan Facility, and the Main Street Expanded Loan Facility (each, a “Main Street Facility”).

  • The Borrower must certify that it has not also participated in, and commit that it will not seek to participate simultaneously in, the Main Street Priority Loan Facility, the Main Street Expanded Loan Facility, or the Primary Market Corporate Credit Facility (a facility established by the Federal Reserve under section 13(3) of the FRA, using equity committed by the Secretary, to support bond and loan issuances).

  • The Borrower must certify that it has not also participated in, and commit that it will not seek to participate simultaneously in, the Main Street New Loan Facility, the Main Street Expanded Loan Facility, or the Primary Market Corporate Credit Facility (a facility established by the Federal Reserve under section 13(3) of the FRA, using equity committed by the Secretary, to support bond and loan issuances).

  • The Secretary of the Treasury (“Secretary”) has committed funds appropriated to the Exchange Stabilization Fund under section 4027 of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) to the SPV in connection with the Facility, the Main Street New Loan Facility, and the Main Street Expanded Loan Facility (each, a “Main Street Facility”).

  • Reference is further made to the Main Street Expanded Loan Facility Lender Certifications and Covenants Instructions and Guidance (the “Instructions”) immediately preceding these Main Street Expanded Loan Facility Lender Certifications and Covenants.

  • Reference is also made to the Borrower Certifications and Covenants for the Main Street Expanded Loan Facility, to be delivered by the Borrower with the Lender Transaction Specific Certifications and Covenants, in respect of which the Lender is a named beneficiary (the “Borrower Certifications and Covenants”).

  • The FRBB first utilized the streamlined approach for loans less than $5 million, and as loan submissions increased, the FRBB expanded its use of a streamlined process to loans up to$50 million (excluding loans submitted under the Main Street Expanded Loan Facility).

  • The Borrower must certify that, to its knowledge after reasonable diligence, none of its affiliates has accessed the Main Street Priority Loan Facility, the Main Street Expanded Loan Facility, or the Primary Market Corporate Credit Facility.

  • With regard to smaller and mid-sized businesses, the agencies have established the Main Street Lending Program (the Main Street New Loan Facility (“MSNLF”); the Main Street Priority Loan Facility (“MSPLF”); and the Main Street Expanded Loan Facility (“MSELF”)).

  • The Borrower must certify that, to its knowledge after reasonable diligence, none of its affiliates has accessed the Main Street New Loan Facility, the Main Street Expanded Loan Facility, or the Primary Market Corporate Credit Facility.


More Definitions of Main Street Expanded Loan Facility

Main Street Expanded Loan Facility that has been authorized under Section 13(3) of the Federal Reserve Act (as published prior to June 7, 2020)) or (ii) Refinancing Indebtedness in respect of any Indebtedness existing as of the Amendment No. 4 Effective Date or referred to in the preceding clause (i)); provided that, notwithstanding the foregoing, it shall also not be a breach or violation of the Covenant Waiver Conditions if the Borrower and/or any of its Restricted Subsidiaries shall incur any other Restricted First Lien Debt on any date when the Revolving Facility Test Condition is not then satisfied (and thereafter remain liable therefore), so long as such Restricted First Lien Debt does not have a stated final maturity date that is earlier than 91 days after the then-existing Latest Revolving Maturity Date at such time of incurrence; and
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Related to Main Street Expanded Loan Facility

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

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

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • 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.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Loan Commitments of any Series or Incremental Revolving Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.20.

  • Extended Revolving Facility Commitment shall have the meaning assigned to such term in Section 2.21(e).

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $90,000,000, as such amount may be adjusted as permitted by this Agreement.