New RCF definition

New RCF means a new revolving credit facility established on the Effective Date to replace the Revolving Credit Facility.
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New RCF means the new revolving credit facility under and evidenced by the New RCF Credit Agreement in an aggregate principal amount to be determined by the Required Consenting Lenders; provided, that such aggregate principal amount shall be at least sixty-five million dollars ($65,000,000) but shall not exceed seventy million dollars ($70,000,000).
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New RCF has the meaning given to such term in clause 13.2;
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Examples of New RCF in a sentence

  • To the extent provided in the New RCF Documents, the New RCF Agent is authorized to file with the appropriate authorities mortgages, financing statements and other documents, and to take any other action in order to evidence, validate, and perfect such Liens or security interests.

  • The priorities of such Liens and security interests shall be as set forth in the New RCF Documents, as applicable.

  • On the Effective Date, the Reorganized Debtors shall enter into the New RCF pursuant to the New RCF Documents.

  • The New RCF will bear interest on a sliding scale of between Libor plus 2.25% to 3.25% based on the Company’s consolidated net leverage ratio.

  • The cost of patents includes directly attributed incremental costs incurred in their acquisition.Depreciation is charged to write off the cost of the patent using the straight-line method over an estimate useful life of 20 years.

  • In connection with the New RCF, the Company must also maintain certain net tangible worth and ratios for leverage and interest coverage.

  • The Company intends to use the proceeds of the $500.0 million New RCF for general corporate purposes as required, but there is no amount currently drawn on the New RCF.

  • The Company has provided security on the New RCF in the form of a general security interest over the Company’s assets and pledges creating a charge over the shares of certain of the Company’s direct and indirect subsidiaries.

  • Regardless the regulations at VIII, claims ot damages of all kind and no matter on which legal basis, also through faults when completing the contract, because of pOSitive breach of the contract, and because of acts without permission according to §§ 823 ff.

  • On 14 October 2021, the Company completed an offering of fixed rate senior notes due in 2026 as well as entered into the New RCF.


More Definitions of New RCF

New RCF means the revolving credit facility agreement of US$200 million entered into by, among others Avon Rubber on 8 September 2020;
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Related to New RCF

  • New Revolving Lender has the meaning specified in Section 2.18(c).

  • New Revolving Credit Lender has the meaning specified in Section 2.14(a).

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Senior Class Debt Representative has the meaning assigned to such term in Section 8.09.

  • Second Priority Principal Distribution Amount means, with respect to any Payment Date, an amount equal to (a) the excess, if any, of (i) the Note Balance as of such Payment Date (before giving effect to any principal payments made on the Class A Notes and the Class B Notes on such Payment Date), over (ii) the Adjusted Pool Balance for such Payment Date minus (b) the First Priority Principal Distribution Amount for such Payment Date; provided, however, that the Second Priority Principal Distribution Amount on the Class B Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class B Notes to zero.

  • Additional Senior Class Debt Parties has the meaning assigned to such term in Section 5.13.

  • Purchasing Lenders shall have the meaning set forth in Section 9.6(c).

  • Second Lien Representative means, in the case of any Series of Second Lien Debt, the trustee, agent or representative of the holders of such Series of Second Lien Debt who maintains the transfer register for such Series of Second Lien Debt and is appointed as a Second Lien Representative (for purposes related to the administration of the Security Documents) pursuant to the indenture, credit agreement, loan agreement, note agreement, promissory note or other agreement or instrument evidencing or governing such Series of Second Lien Debt, together with its successors in such capacity; provided that in each case such Person shall have executed a joinder to the Collateral Agency and Intercreditor Agreement.

  • Purchasing group means any group which:

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • First Lien Representative means (i) in the case of the Notes, the Trustee, and (ii) in the case of any other First Lien Obligations, the trustee, administrative agent, collateral agent, security agent or similar agent that is named as the First Lien Representative in respect of such First Lien Obligations in the applicable joinder agreement to the Intercreditor Agreement (each, in the case of this clause (ii), together with its successors and assigns in such capacity, an “Additional First Lien Representative”).

  • Purchasing Party means a Party requesting or receiving a Service from the other Party under this Agreement.

  • Purchasing Lender shall have the meaning set forth in Section 16.3(c) hereof.

  • New Credit Facility is defined in Section 9.8.

  • First Priority Principal Distribution Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the Class A Note Balance as of such Payment Date (before giving effect to any principal payments made on the Class A Notes on such Payment Date), over (b) the related Adjusted Pool Balance; provided, however, that (i) the First Priority Principal Distribution Amount on the Class A-1 Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-1 Notes to zero; (ii) the First Priority Principal Distribution Amount on the Class A-2a Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-2a Notes to zero; (iii) the First Priority Principal Distribution Amount on the Class A-2b Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-2b Notes to zero; (iv) the First Priority Principal Distribution Amount on the Class A-3 Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-3 Notes to zero; and (v) the First Priority Principal Distribution Amount on the Class A-4 Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-4 Notes to zero.

  • Increasing Lender has the meaning specified in Section 2.18(b).

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • New Revolving Loans as defined in Section 2.25.

  • Senior Class Debt Parties has the meaning assigned to such term in Section 8.09.

  • Designated Senior Representative means (i) if at any time there is only one Senior Representative for a Senior Facility with respect to which the Discharge of Senior Obligations has not occurred, such Senior Representative and (ii) at any time when clause (i) does not apply, the Applicable Authorized Representative (as defined in the First Lien Intercreditor Agreement) at such time.

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Additional First Lien Secured Parties means the holders of any Additional First Lien Obligations and any trustee, authorized representative or agent of such Additional First Lien Obligations.

  • Additional Senior Class Debt has the meaning assigned to such term in Section 5.13.

  • Permitted Pari Passu Secured Refinancing Debt means any secured Indebtedness (including any Registered Equivalent Notes) incurred by a Borrower in the form of one or more series of senior secured notes; provided, that (a) such Indebtedness is secured by the Collateral on a pari passu basis (but without regard to the control of remedies) with the Obligations and is not secured by any property or assets of Parent or Restricted Subsidiary other than the Collateral, (b) such Indebtedness is not at any time guaranteed by any Subsidiaries other than Subsidiaries that are Guarantors, (c) such Indebtedness, (i) unless incurred as a term loan under this Agreement, does not mature or have scheduled amortization or payments of principal (other than customary offers to repurchase upon a change of control, asset sale or event of loss and a customary acceleration right after an event of default) prior to the date that is the Latest Maturity Date at the time such Indebtedness is incurred or issued, and (ii) if incurred as a term loan under this Agreement, does not mature earlier than, or have a Weighted Average Life to Maturity shorter than, the applicable Refinanced Debt, (d) the security agreements relating to such Indebtedness (to the extent such Indebtedness is not incurred hereunder) are substantially the same as or more favorable to the Loan Parties than the Collateral Documents (with such differences as are reasonably satisfactory to the Administrative Agent), (e) to the extent such Indebtedness is not incurred hereunder, a Representative acting on behalf of the holders of such Indebtedness shall have become party to or otherwise subject to the provisions of an Intercreditor Agreement with the Administrative Agent and (f) such Indebtedness, if consisting of Refinancing Notes, satisfies clause (d) of the definition of Permitted Other Debt Conditions. Permitted Pari Passu Secured Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.

  • Second Priority Principal Payment means, for a Payment Date, the greater of:

  • ABL Lender means any lender or holder or agent or arranger of Indebtedness under the ABL Credit Agreement.