New Credit Facility definition
Examples of New Credit Facility in a sentence
No effective financing statement or other instrument similar in effect covering all or any part of the Pledged Equity Interests and made or consented to by the Company, or of which the Company otherwise has knowledge, is on file in any recording office, except such as may have been filed in favor of the Trustee, the Tranche B Trustee, any lender or agent under a New Credit Facility or the Collateral Agent.
However, GAAP for this purpose will be determined using the same definition of GAAP as in effect from time (including exclusions) used for the New Credit Facility (or any successor credit facility).
Each quarterly payment shall be made to the Executive within ten (10) days of the (i) delivery by the Company's Chief Financial Officer to the Lenders of the compliance certificate required under the Credit Agreement., or (ii) the Bank's waiver of the New Credit Facility Covenants.
An amount equal to Two and one-half percent (2 1/2%) of the Bank Covenant Compliance Bonus shall be paid to the Executive for each fiscal quarter during which the Company maintained compliance with the New Credit Facility Covenants.
The New Credit Facility, Revolving Credit Facility and the Acquisition Facility were incurred by Company in the ordinary course of business.