Norwegian Facility definition

Norwegian Facility means, collectively, (a) the revolving credit facility described in Section 2.1(b), and (d) the letter of credit subfacility described in Section 2.13(b).
Sample 1Sample 2
Norwegian Facility. ’ means the secured revolving exploration finance facility agreement dated as of June 19, 2009, as amended and restated from time to time, entered into by, among others, Spring Energy Norway AS an original borrower and Merchant Banking, Skandinaviska Enskilda Banken AB as agent;
Sample 1
Norwegian Facility. ’ means the secured revolving exploration finance facility agreement dated as of June 12, 2014, as amended and restated from time to time, entered into by, among others, Tullow Oil Norge AS an original borrower and Merchant Banking, Skandinaviska Enskilda Banken AB (publ) as agent, which was cancelled in full on November 14, 2017 and effective on November 28, 2017;
Sample 1

Examples of Norwegian Facility in a sentence

  • No Norwegian Domiciled Loan Party or other Person claiming through or on behalf of any Norwegian Domiciled Loan Party shall have any right to any Cash Collateral, until Full Payment of all Norwegian Facility Secured Obligations.

  • On the Norwegian Revolver Commitment Termination Date, the Norwegian Domiciled Loan Parties shall make Full Payment of all Norwegian Facility Obligations.

  • No Norwegian Fronting Bank makes any express or implied warranty, representation or guarantee to Norwegian Lenders with respect to the Norwegian Facility Collateral, the Norwegian LC Documents or any Norwegian Facility Loan Party.

  • With respect to Norwegian Borrowers, Agent may maintain a single Loan Account in the name of the Norwegian Borrowers, and each Norwegian Borrower confirms that such arrangement shall have no effect on the joint and several character of its liability for the Norwegian Facility Obligations.

  • In the event that it shall be unlawful for a Norwegian Lender to make available or maintain Eurocurrency Rate Advances under the Norwegian Facility in any Foreign Currency, then such Norwegian Lender’s obligations to lend in such Foreign Currency shall terminate and all amounts owing by the Borrower to such Norwegian Lender in such Foreign Currency shall become due and payable on demand, in each case to the extent necessary to not violate any law.

  • All Norwegian Protective Advances made by the Agent with respect to Norwegian Domiciled Loan Parties shall be Norwegian Facility Obligations, secured by the Norwegian Facility Collateral and shall be treated for all purposes as Norwegian Base Rate Loans.

  • Norwegian Letters of Credit under the Norwegian Facility shall be denominated in any Agreed Currency.

  • All references to “US dollars”, “$” or “US$” are to the lawful currency of the United States.This Prospectus presents the Group’s outstanding commitments and outstanding balances as at 31 December 2016 under the Norwegian Facility, which is denominated in Norwegian Krone.

  • All Norwegian Overadvance Loans shall constitute Norwegian Facility Obligations secured by the Norwegian Facility Collateral and shall be entitled to all benefits of the Loan Documents.

  • The Norwegian Swingline Loans shall be repaid in accordance with the terms of this Agreement and shall be secured by all of the Norwegian Facility Collateral.


More Definitions of Norwegian Facility

Norwegian Facility means that certain loan agreement dated as of August 10, 1998 between Christiania. and Norwegian Holding, the note issued pursuant to the loan agreement and the instruments and documents delivered under the loan agreement.
Sample 1

Related to Norwegian Facility

  • Canadian Facility means, at any time, the aggregate amount of the Canadian Commitments at such time.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Facility C means the term loan facility made available under this Agreement as described in paragraph (c) of Clause 2.1 (Facilities).

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Bank Facility means any credit agreement, including the Credit Agreement dated December 17, 2014, among Bank of America, N.A., Equinix, Inc. and the guarantors party thereto, as amended on April 30, 2015, December 8, 2015, and December 22, 2016, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Company as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

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

  • Overdraft Facility or ‘Facility’ means an authorised debit balance that may be offered to you at our discretion from time to time allowing your Account to go overdrawn up to an agreed Overdraft Limit.

  • 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.

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

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

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

  • Bridge Facility means the Commitments and any Advances made thereunder.

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • Term A Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term A Commitments at such time and (b) thereafter, the aggregate principal amount of the Term A Loans of all Term A Lenders outstanding at such time.

  • 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.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

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

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • 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

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

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Available Facility means the aggregate for the time being of each Lender’s Available Commitment.

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

  • Principal Facility means the real property, fixtures, machinery and equipment relating to any facility owned by the Issuer or any Subsidiary, except for any facility that, in the opinion of the Board of Directors, is not of material importance to the business conducted by the Issuer and its Subsidiaries, taken as a whole.