Original Credit Facility definition

Original Credit Facility shall have the meaning given such term in the Recitals.

Original Credit Facility has the meaning assigned and ascribed to such term as set forth in the first recital of this Agreement.

Original Credit Facility means that certain credit facility pursuant to the terms of the Original Credit Facility Documentation.

Examples of Original Credit Facility in a sentence

• The Original Credit Facility has been evidenced by a Master Promissory Note dated June 13, 1996 as amended pursuant to a First Amendment to Master Promissory Note dated September 5, 1996 and by a Second Amendment to Master Promissory Note dated March 31, 1997 (collectively, the "Master Note").

• The Borrower obtained from the Agent and certain other lenders (collectively, the "Original Lenders") a credit facility in the maximum principal sum of $90,000,000 (the "Original Credit Facility") which was a non-revolving line of credit pursuant to which the Borrower could obtain certain construction/interim loans (each a "Facility Loan;" collectively, the "Facility Loans") for assisted living facilities and independent living facilities.

• The Company shall provide for the payment of amounts payable pursuant to Section 5.2(a) and (d) herein, by the delivery to the Trustee on the Issue Date of the Original Credit Facility.

• All references in any other Loan Document to the Original Credit Facility shall, on and after the date hereof, be deemed to be references to this Agreement.

• This Agreement amends and restates the Original Credit Facility in its entirety but shall not constitute a novation thereof nor impair the rights and obligations created thereunder, it being the intent of the parties hereto that the obligations under the Original Credit Facility shall remain in full force and effect as amended and restated hereby.

More Definitions of Original Credit Facility

Original Credit Facility. Original Loan Agreement" and "this Agreement" shall have the respective meanings ascribed thereto in the introductory paragraphs of this Agreement. Such terms, together with the other terms defined in Section 1.1, shall include both the singular and the plural forms thereof and shall be construed accordingly. All computations required hereunder and all financial terms used herein shall be made or construed in accordance with Generally Accepted Accounting Principles unless such principles are inconsistent with the express requirements of this Agreement provided that, if the Company notifies the Agent that the Company wishes to amend any covenant in Article V to eliminate the effect of any change in Generally Accepted Accounting Principles in the operation of such covenant (or if the Agent notifies the Company that the Majority Banks wish to amend Article V for such purpose), then the Borrowers' compliance with such covenant shall be determined on the basis of Generally Accepted Accounting Principles in effect immediately before the relevant change in Generally Accepted Accounting Principles became effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to the Borrowers and the Majority Banks. Use of the terms "herein", "hereof", and "hereunder" shall be deemed references to this Agreement in its entirety and not to the Section or clause in which such term appears. References to "Sections" and "subsections" shall be to Sections and subsections, respectively, of this Agreement unless otherwise specifically provided.

Original Credit Facility is the credit facility evidenced by the credit agreement dated as of the date hereof, among Purchaser, as borrower, Meeting Street Partners II Inc., as guarantor, the lenders named therein, as the initial lenders, and Citicorp USA, Inc., as administrative agent and collateral agent, as amended, modified or supplemented from time to time consistent with Section 5.1; (b) “Permitted Replacement Facility” means any credit facility (other than the CCAUPP Loan) that refinances the debt incurred under the Original Credit Facility with an aggregate principal amount not exceeding the principal amount outstanding under the Original Credit Facility as of the date of such refinancing; (c) “Calculation Date” means the day on which the calculation of the Contingent MGIC/Radian Class A Units Purchase Price has become final pursuant to Section 2.2(b) above; and (d) “Business Day” means any day other than (a) Saturday or Sunday or (b) a day on which commercial banks in New York, New York, are authorized or required by applicable Law or executive order to close.

Original Credit Facility shall have the same meaning as ascribed to such term in the "Statement of Purpose Section hereof.

Original Credit Facility is defined in Recital A.

Original Credit Facility means the Credit Facility issued by the Credit Issuer to the Trustee on the Issue Date, and any extensions and renewals thereof.

Original Credit Facility means that certain Credit Agreement dated as of July 15, 1997 among the Borrower, the lenders party thereto and Banque Paribas, as Agent, as amended prior to the date hereof.

Original Credit Facility is defined in the ninth recital to this Agreement.