Principal Bank Facility definition

Principal Bank Facility means any working capital or syndicated credit facility or bilateral borrowing arrangement or note purchase agreement pursuant to which the Guarantor or any other member of the Group is allowed to borrow an aggregate principal amount in excess of USD 50,000,000 (or the equivalent thereof in any other currency).

Principal Bank Facility means the £300,000,000 revolving facility agreement dated 21 May 2020 between inter alios the Issuer and Barclays Bank PLC, HSBC Bank plc, National Westminster Bank Plc and Santander UK plc as arrangers, as amended and/or restated and/or replaced and/or refinanced from time to time or any facility (or facilities) which in turn refinances or replaces such facility as the primary working capital and standby facility (or facilities) of the Group, however many times; and

Principal Bank Facility means the £300,000,000 multicurrency revolving credit facility dated 25 November 2014, as amended on 31 January 2018, 29 October 2019 and 18 June 2020, made between, among others, the Issuer, Burberry Limited England, Burberry Limited (NY), Burberry (Wholesale) Limited (and Burberry Asia Limited and Lloyds Bank plc as agent, as amended and/or restated and/or replaced and/or refinanced from time to time or any facility (or facilities) which in turn refinances or replaces such facility as the primary working capital and standby facility (or facilities) of the Group, however many times (each, individually and/or collectively, the Principal Bank Facility);

Examples of Principal Bank Facility in a sentence

• The Group has recently amended its Principal Bank Facility to provide for further financial flexibility; this facility is currently undrawn.

• As at the date of this Prospectus, the Group has significant financial capacity, with total borrowing facilities (excluding overdraft facilities) of £900 million, comprising its £300 million Principal Bank Facility (as defined in the Terms and Conditions), plus access to£300 million under the CCFF Programme (as defined below) and significant cash balances (excluding cash drawn from facilities).

• Under the terms of the Guarantee, a Guarantor (other than Burberry Limited England) will, upon receipt by the Trustee of the notice and certificate referred to below, be automatically released from its obligations under the Guarantee and shall cease to be a Guarantor for the purposes of the Trust Deed following the release of any guarantee provided by that same Guarantor under the Issuer’s Principal Bank Facility (as defined below).

• The Issuer shall promptly notify the Trustee of the proposed accession or release of any member of the Group as a guarantor under the Principal Bank Facility and, following the accession or release of any member of the Group as a Guarantor in respect of the Notes, the Issuer shall promptly notify the Holders in accordance with the provisions of Condition 13 below.

• Noteholders should note that neither the Trustee nor the Noteholders have control over which members of the Group are guarantors of the Notes (other than Burberry Limited England) from time to time, as that will be determined by the structure of the Principal Bank Facility.

More Definitions of Principal Bank Facility

Principal Bank Facility means the £310,000,000 term loan and revolving facilities agreement dated 12 August 2015 as amended and restated on 27 April 2017 between inter alios Hastings and Lloyds Bank plc, Barclays Bank PLC, HSBC Bank plc and The Royal Bank of Scotland plc as mandated lead arrangers, as amended and/or restated and/or replaced and/or refinanced from time to time or any facility (or facilities) which in turn refinances or replaces such facility as the primary working capital and standby facility (or facilities) of the Group, however many times (each, individually and/or collectively, the “Principal Bank Facility”); and

Principal Bank Facility means the £950,000,000 multicurrency revolving credit facility dated 4 November 2011 (as amended and restated on 28 January 2014, 7 September 2015 and 29 January 2021) made between, among others, the Issuer and Barclays Bank PLC as agent, as amended and/or restated and/or replaced and/or refinanced from time to time or any facility (or facilities) which in turn refinances or replaces such facility as the primary working capital and standby facility of the Group, however many times) (each, individually and/or collectively, the “Principal Bank Facility”);

Principal Bank Facility means any credit facility identified on Exhibit A (including amendments, restatements and other modifications thereto) and any facility replacing or refinancing such credit facility.

Principal Bank Facility means that certain Multicurrency Revolving Facility Agreement, dated November 23, 2005, among the Company, as Guarantor and Parent, certain Subsidiaries of the Company as Borrowers thereunder, Citibank International PLC as Agent and Euro Swingline Agent and the other lenders party thereto from time to time, as the same may be amended, supplemented or modified from time to time and any additional, successor or replacement syndicated credit facility or credit facility of the Company entered into to augment, refinance or replace any of the foregoing.

Principal Bank Facility means the Credit Agreement dated July 25, 2000, provided to the Company and certain of its subsidiaries by The Chase Manhattan Bank and Commerzbank AG as Co-Syndication Agents, Credit Lyonnais New York Branch as Documentation Agent, Citibank, N.A., as Agent, and Salomon Smith Barney, as Arranger, as further described in Sxxxxxxx 0.

Principal Bank Facility means any working capital or syndicated credit facility or bilateral borrowing arrangement or note purchase agreement pursuant to which the Guarantor or any other member of the Group is allowed to borrow an aggregate principal amount in excess of USD 50,000,000 (or the equivalent thereof in any other currency). "Project" has the meaning given to it in Recital (1). "Quasi-Security" has the meaning given to it in Article 7.02. "Rating Agency" means any of (a) Standard and Poor's Financial Services LLC, (b) Fitch Ratings Limited and (c) Xxxxx'x Investors Service, Inc. or their respective successors. "Redeployment Rate" means the Fixed Rate excluding the Margin in effect on the day of the indemnity calculation for fixed-rate loans denominated in the same currency and which shall have the same terms for the payment of interest and the same repayment profile to the Interest Revision/Conversion Date, if any, or the Maturity Date as the Tranche in respect of which a prepayment is proposed or requested to be made. For those cases where the period is shorter than 48 months (or 36 months in the absence of a repayment of principal during that period) the most closely corresponding money market rate equivalent will be used, that is the Relevant Interbank Rate minus 0.125% (12.5 basis points) for periods of up to 12 (twelve) months. For periods falling between 12 and 36/48 months as the case may be, the bid point on the swap rates as published by ICAP in Reuters for the related currency and observed by the Bank at the time of calculation will apply. "Relevant Business Day" means:

Principal Bank Facility means (i) the Amended and Restated Revolving Credit Agreement among NiSource Finance Corp., as Borrower, NiSource Inc., as Guarantor, the lender parties thereto as Lenders, Credit Suisse as Syndication Agent, JPMorgan Chase Bank, N.A., The Bank Of Tokyo-Mitsubishi UFJ, Ltd., Chicago Branch and Citicorp USA, Inc., as Co-Documentation Agents and Barclays Bank PLC, as Administrative Agent and LC Bank dated July 7, 2006, as amended as of September 19, 2008, or (ii) any other bank credit facility of either of the Obligors in a principal amount of $500,000,000 or more; in each case, as such agreement may be further amended, modified, supplemented, extended or renewed from time to time.