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.
Sample 1Sample 2Sample 3
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. (b) The last sentence of the definition of “Additional Term Loan Commitment Fee Rate” in Section 1.01 of the Existing Credit Agreement is hereby amended by inserting “; provided, further, that during the Covenant Relief Period and the Extended Restricted Period, ‘Pricing Level 1’ (as set forth above) shall apply” immediately before the period at the end thereof. (c) The last sentence of the definition of “Applicable Rate” in Section 1.01 of the Existing Credit Agreement is hereby amended by inserting “; provided, further, that during the Covenant Relief Period and the Extended Restricted Period, ‘Pricing Level 1’ (as set forth above) shall apply” immediately before the period at the end thereof. (d) The definition of “Bail-In Action” in Section 1.01 of the Existing Credit Agreement is hereby amended by replacing “EEA Resolution Authority” with “Resolution Authority” and replacing “EEA Financial Institution” with “Affected Financial Institution”. (e) The definition of “Bail-In Legislation” in Section 1.01 of the Existing Credit Agreement is hereby amended and restated in its entirety as follows: “Bail-In Legislation” means, (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, rule, regulation or requirement for such EEA Member Countr...
Sample 1
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 180
Sample 1

Examples of Main Street Expanded Loan Facility in a sentence

  • 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”).

  • 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.

  • 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, 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.

  • 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).

  • Alternate Commissioner Application - indicate if criteria and restrictions are met.

  • There are five facilities under the Main Street Lending Program—the Main Street New Loan Facility, the Main Street Priority Loan Facility, the Main Street Expanded Loan Facility, the Nonprofit Organization New Loan Facility, and the Nonprofit Organization Expanded Loan Facility.

  • Click here to see an example of the Assignment Executed-in-Blank for an NONLF loan made to five co-borrowers.3 For the avoidance of doubt, for Eligible Loans made in connection with the Main Street Expanded Loan Facility or Nonprofit Organization Expanded Loan Facility, the Main Street Term Loan Tranche refers only to the “upsized tranche” of the loan.in this Item #8 will reflect any such Principal Amount Adjustments.

  • 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”).

  • 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 Nonprofit Organization Expanded Loan Facility, the Main Street New Loan Facility, the Main Street Priority Loan Facility, and the Main Street Expanded Loan Facility (each, a “Main Street 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 180
Sample 1

Related to Main Street Expanded Loan Facility

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

  • 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).

  • 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, 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.

  • 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 Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

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

  • 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 reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) 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 2.7.

  • 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.

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Existing Term Loan Facility means that certain Term Loan Credit Agreement, dated as of September 7, 2018, by and among the ProFrac Services LLC, as the borrower thereunder, Holdings, the guarantors party thereto, the lenders party thereto and Barclays Bank PLC, as the administrative agent and collateral agent (as amended, amended and restated, supplemented and otherwise modified from time to time, and together with the guarantee and security documentation executed in connection therewith).

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.