Prepetition Revolving Facility definition

Prepetition Revolving Facility means that certain Fourth Amended and Restated Credit Agreement, dated as of May 7, 2013, as amended, restated, extended, supplemented or otherwise modified from time to time prior to the Petition Date, by and among the Lead Borrower and Pride, as borrowers, the borrowers and guarantors party thereto from time to time, Citibank, N.A., as the administrative agent, and the banks party thereto from time to time.
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Prepetition Revolving Facility means that certain prepetition revolving credit facility with aggregate commitments of $25,000,000 under the Prepetition Credit Agreement.
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Prepetition Revolving Facility means that certain $1,500,000,000 asset-based revolving credit facility provided under the Prepetition First Lien ABL Credit Agreement.
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Examples of Prepetition Revolving Facility in a sentence

  • For the avoidance of doubt, any amount paid to satisfy the obligations owing in respect of the Prepetition Revolving Facility, or to cash collateralize the Prepetition Letters of Credit, shall not be subject to disgorgement under any circumstances.

  • The Prepetition Revolving Facility has a stated maturity of December 18, 2018 and the Prepetition Term Loan Facility has a stated maturity of December 18, 2020, although these maturity dates have been accelerated upon the commencement of the Chapter 11 Cases.

  • The Prepetition Secured Credit Agreement includes both a revolving credit facility (the “ Prepetition Revolving Facility”) and a term loan facility (the “Prepetition Term LoanFacility”, and collectively with the Prepetition Revolving Facility, the “Prepetition Facilities”).

  • The Prepetition Revolving Facility Debt constitutes “Priority Payment Lien Obligations” under, and as defined in, each of the Term Intercreditor Agreement, the Notes Intercreditor Agreement and the Prepetition Notes Indenture.

  • As of the Petition Date, approximately $581.0 million is outstanding under the Prepetition Revolving Facility.

  • After the Petition Date, the indenture trustee of the Stevenson Notes drew on the Prepetition Revolving Facility Letters of Credit to fully repay the Stevenson Notes.

  • Of which, an example in Gwinnuit v George and another:‘there is force in Mr Grant’s comment that “unenforceable contract” has an “oxymoronic quality”.

  • The Debtor’s marketing materials included a summary of preferred financing terms: a revolving-loan structure,15 sizing of $300 million to $350 million, a 12-month term, and pricing based on various security 15 As explained in the DIP Financing Declaration, the Debtor historically used the Prepetition Revolving Facility to fund working-capital needs and most of its normal-course operations.

  • The Debtor needs the DIP Facility to, among other things, replace its revolving line of credit under the Prepetition Revolving Facility.

  • The Prepetition Revolving Facility also includes a letter of credit subfacility.


More Definitions of Prepetition Revolving Facility

Prepetition Revolving Facility means the “Revolving Facility” as defined in the Prepetition Credit Agreement.
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Prepetition Revolving Facility means that certain Fourth Amended and Restated Credit Agreement, dated as of May 7, 2013, as amended, restated, extended, supplemented or otherwise modified from time to time prior to the Petition Date, by and among the Borrower and Pride, as borrowers, the borrowers and guarantors party thereto from time to time, Citibank, N.A., as the administrative agent, and the banks party thereto from time to time.
Sample 1
Prepetition Revolving Facility means the prepetition financing facility obtained by the Debtor, pursuant to the Consignment Agreement, together with all ancillary documents and agreements referred to therein or executed in connection therewith.
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Related to Prepetition Revolving Facility

  • Revolving Facility means, at any time, the aggregate amount of the Revolving Lenders’ Revolving Commitments at such time.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments that, taken together, represent more than 50% of the sum of (x) all Revolving Facility Loans outstanding, (y) all Revolving L/C Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.7.

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Initial Revolving Facility means the Initial Revolving Credit Commitments and the Initial Revolving Loans and other extensions of credit thereunder.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • 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

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Existing Revolving Credit Agreement means that certain Revolving Credit Agreement, dated as of August 29, 2018, among the Borrower, the other borrowers party thereto, the lenders and letter of credit issuers from time to time party thereto and Xxxxx Fargo Bank, National Association, as administrative agent (as amended, restated, supplemented or otherwise modified from time to time).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

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

  • Revolving Facility Commitment means, with respect to any Revolving Facility Lender, such Lender’s commitment to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Lender’s Revolving Facility Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04 and (c) increased (or replaced) as provided under Section 2.20. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 to the Original Credit Agreement, or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment (or Incremental Revolving Facility Commitment), as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments as of the Closing Date is $100,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Refinancing Revolving Loans has the meaning assigned to such term in Section 2.26(a).