Permitted Revolving Credit Facility means one or more revolving credit facilities (to be applied for the general corporate, working capital, capital expenditure and/or acquisition purposes of the Group, and including but not limited to any overdraft facilities and/or ancillary facilities) entered into by a Group Company with a reputable Nordic or international bank (for the avoidance of doubt, not including any Permitted Financing) with an aggregate maximum commitment of SEK 3,750,000,000, which aggregate maximum commitment may be increased from time to time, provided that the Incurrence Test is met pro forma at the time of such increase (calculated as if the full commitment available under the relevant Permitted Revolving Credit Facility as increased has been utilised).
Permitted Revolving Credit Facility means, one or more debt facilities or arrangements (including, without limitation, the Senior Credit Facility) that may be entered into by the Company and the Restricted Subsidiaries providing for revolving credit loans, letters of credit or other revolving Indebtedness or other advances in each case, Incurred in compliance with Section 4.09.
Permitted Revolving Credit Facility means any revolving credit facility of the Borrower, as such revolving credit facility may be amended, restated, modified and/or supplemented from time to time in accordance with the terms hereof and thereof; provided that (i) no such revolving credit facility (or the obligations thereunder) shall be guaranteed by any Person other than a Subsidiary Guarantor, (ii) no such revolving credit facility (or the obligations thereunder) shall be secured by any assets of any Person other than Collateral securing the Obligations and such security may rank pari passu with (but not senior to) the respective Liens created pursuant to the Security Documents and shall be subject to the terms of the RCF Intercreditor Agreement, (iii) no such revolving credit facility shall be subject to any scheduled amortization, scheduled commitment reduction, mandatory redemption or commitment reduction, mandatory repayment or mandatory prepayment or similar payment or have a final maturity date, in either case prior to the latest Maturity Date then in effect on the effective date of such revolving credit facility (other than, in each case, mandatory prepayments to the extent the extensions of credit under such revolving credit facility exceed the commitments thereunder, acceleration rights and rights to terminate commitments after an event of default thereunder) and (iv) the terms of such revolving credit facility (including, without limitation, all covenants, defaults, guaranties, collateral and remedies, but excluding interest rate and customary fees), taken as a whole, are no more restrictive or onerous in any material respect than the terms applicable to the Borrower and its Subsidiaries under this Agreement and the other Credit Documents, provided that a certificate of an Authorized Officer of the Borrower delivered to the Administrative Agent in good faith at least ten Business Days (or such shorter period as the Administrative Agent may reasonably agree) prior to the effective date of such revolving credit facility, together with a reasonably detailed description of the material terms and conditions of such revolving credit facility or the then most current drafts of the documentation relating thereto, certifying that the Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirement of this clause (iv) shall be conclusive evidence that such terms and conditions satisfy such foregoing requirement.
Examples of Permitted Revolving Credit Facility in a sentence
Notwithstanding anything herein to the contrary, each Lender also acknowledges that the Lien and security interest granted to the Collateral Agent pursuant to the Security Documents and the exercise of any right or remedy by the Collateral Agent thereunder are subject to the provisions of any Permitted Revolving Credit Facility Intercreditor Agreement.
In the event of any conflict between the terms of any Permitted Revolving Credit Facility Intercreditor Agreement and the Security Documents, the terms of any Permitted Revolving Credit Facility Intercreditor Agreement shall govern and control.
Without limiting the generality of the foregoing, it is acknowledged and agreed that any Permitted Revolving Credit Facility may have more restrictive terms (such as financial maintenance covenants) than those applicable to the Term Loans and may bear fees and interest rates as may be agreed upon by the Borrower, the Permitted Credit Facility Agent(s) and the Permitted Revolving Credit Lender(s).
The existing terms hereof shall apply the Permitted Revolving Credit Facility and shall be amended only to the extent they relate to the mechanics and economics of the Permitted Revolving Credit Facility.
Notwithstanding the foregoing, this Section 8.12(a) shall not apply to (and the Borrower and the other Credit Parties shall not be required to grant a Mortgage in) (i) any fee-owned Real Property the Fair Market Value of which is less than $2,500,000 or (ii) any Leasehold (unless, in either case, a Mortgage on any such Real Property (including Leaseholds) is granted (or required to be granted) under the Permitted Revolving Credit Facility Documents).
More Definitions of Permitted Revolving Credit Facility
Permitted Revolving Credit Facility. (a) the Existing ABL Facility and (b) a revolving credit facility which (i) is not secured by any assets or property that is not Collateral, (ii) does not have any obligors that are not Loan Parties, (iii) if an asset-based revolving credit facility (an “ABL Facility”), is at all times subject to a Permitted ABL Intercreditor Agreement and (iv) if a cash-flow revolving credit facility (a “Cash Flow Revolving Credit Facility”), is at all times subject to an intercreditor agreement which shall be customary for transactions of this type and otherwise on terms and conditions reasonably satisfactory to the Administrative Agent (such intercreditor agreement, a “Permitted Cash Flow Revolver Intercreditor Agreement”) pursuant to which the lenders party to any such Cash Flow Revolving Credit Facility (or an agent on their behalf) shall have a Lien on the Collateral that is pari passu with the Lien of the Administrative Agent, for the benefit of the Secured Parties, on the Collateral.
Permitted Revolving Credit Facility means, one or more debt facilities or arrangements that may be entered into by the Company, UPC NL Holdco II, the Affiliate Proceeds Loan Obligor or the Restricted Subsidiaries providing for revolving credit loans, letters of credit or other revolving indebtedness or other advances, in each case, Incurred in compliance with Section 4.09.
Permitted Revolving Credit Facility means a revolving credit facility to be made available to the Borrower under the Finance Documents which satisfies all of the following terms and has been approved by the DIP Lenders or any other creditors in respect of Financial Indebtedness of any Restricted Person (to the extent required by the terms of any financing in relation thereto):
Permitted Revolving Credit Facility means, one or more debt facilities or arrangements (including without limitation, the Senior Credit Facility) that may be entered into by the Issuer and the Borrower Group Restricted Subsidiaries providing for revolving credit loans, letters of credit or other revolving indebtedness or other advances up to a maximum principal amount outstanding of $200 million.
Permitted Revolving Credit Facility means a senior secured revolving credit facility of the Borrower entered into after the Closing Date with third party revolving credit lenders reasonably acceptable to the Lender Representative, with commitments in an aggregate principal amount of up to $20,000,000, on terms and conditions reasonably satisfactory to the Lender Representative; provided that, (a) in connection with the effectiveness of any such revolving credit facility, the Revolving Credit Commitments hereunder shall have been terminated, and all Revolving Credit Loans and other Obligations related thereto shall have been repaid, (b) the Loan Parties shall have entered into any amendments to the Loan Documents or other documentation reasonably requested by the Administrative Agent, the Collateral Agent and the Lender Representative to ensure that the Obligations have the benefit of the same guarantees and the same collateral, and subject to the terms of the applicable Permitted Revolving Credit Facility Intercreditor Agreement, substantially the same enforcement rights with respect thereto, as the obligations under such revolving credit facility and (c) a Permitted Revolving Credit Facility Intercreditor Agreement shall have been executed and delivered.
Permitted Revolving Credit Facility means a revolving credit facility established pursuant to Permitted Revolving Credit Facility Documentation or a Permitted Revolving Credit Facility Amendment (as elected by the Borrower) in an aggregate principal amount not to exceed $100,000,000. Notwithstanding the foregoing no revolving credit facility shall constitute a Permitted Revolving Credit Facility unless at the time of the establishment thereof, the Senior Secured Leverage Ratio (as established pursuant to a certificate of an Authorized Officer of the Borrower showing the Senior Secured Leverage Ratio determined in accordance with Section 7.07 as of the last day of the Fiscal Quarter most recently ended immediately prior to and after giving effect to the establishment of such Permitted Revolving Credit Facility and assuming that such Permitted Revolving Credit Facility is fully funded) is equal to or less than 3.00 to 1.00.
Permitted Revolving Credit Facility means, one or more debt facilities or arrangements (including, without limitation, the Senior Revolving Credit Facility and the Super Senior Revolving Credit Facility) that may be entered into by Company and the Restricted Subsidiaries providing for revolving credit loans, letters of credit or other revolving Indebtedness or other advances, in each case, Incurred in compliance with Section 4.09.