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 £350,000,000 revolving credit facility agreement dated 20 November 2017 between, inter alios, the Issuer and HSBC Bank plc and National Westminster Bank 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 excluding the Excluded Subsidiaries, however many times) (each, individually and/or collectively, the "Principal Bank Facility"); and
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.
Examples of Principal Bank Facility in a sentence
If any Guarantor or any other member of the Group released from providing a Guarantee as described above subsequently provides a guarantee in respect of the Principal Bank Facility, the relevant member of the Group will, in accordance with the Trust Deed, be required again to provide a Guarantee as described in Condition 2(d).
The Issuer shall provide written notice to the Trustee of the accession of any member of the Group as a guarantor under the Principal Bank Facility.
If any Guarantor or any other member of the Group that has been released from providing a Guarantee as described above subsequently provides a guarantee in respect of the Principal Bank Facility, the relevant Guarantor or member of the Group will again provide a Guarantee (and any other documents, certificates and/or confirmations) in accordance with the requirements of Clause 4.8 (Addition of Guarantors).
Concurrently with delivery of any Division Certificate to the Collateral Trustee, the Company shall deliver copies of such Division Certificate to the Agent (as such term is defined in the Principal Bank Facility) for the Banks that are party to the Principal Bank Facility and to the Agent (as such term is defined in the Principal L/C Facility) for the Banks that are party to the Principal L/C Facility.
The Company shall notify the Collateral Trustee and each holder of Secured Obligations under the Principal Bank Facility and the Principal L/C Facility in writing at least 20 days prior to the proposed effective date for any such transaction.
More Definitions of Principal Bank Facility
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 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 £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 each of (a) the Master Grid Note dated as of December 19, 2007 between the Issuer and National City Bank and the Master Grid Note dated as of July 19, 2007 between the Issuer and National City Bank, so long as the amount available for borrowing under such notes is not less than $10,000,000, (b) the Line of Credit Note dated as of October 1, 2007 between the Issuer and JPMorgan Chase Bank, N.A., so long as the amount available for borrowing under such note is not less than $10,000,000, and (c) any banking facility, credit facility or similar loan facility provided to the Company and/or any Subsidiary entered into with a lender or a syndicate of lenders and relating to the borrowing of money therefrom with amounts available for borrowing thereunder of $10,000,000 or more, and, in each case, as the same may be amended, supplemented or modified from time to time and any successor or replacement credit facility; provided that “Principal Bank Facility” shall not include (a) any credit facilities constituting Capital Lease Obligations, or (b) any term loan credit facility secured by a Lien on the real property of the Company and/or its Subsidiaries so long as at all times there is unsecured and committed revolving credit facilities with aggregate available commitment at least equal to the aggregate outstanding principal amount of all such term loan facilities.
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) ▇▇▇▇▇'▇ 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 (a) the Bank Credit Agreement, or (b) a principal working capital credit facility for the Company and its Subsidiaries, including, without limitation, any two or more individual facilities forming part of a common or interrelated financing for the Company and its Subsidiaries.
Principal Bank Facility means that certain U.S.$1,050,000,000 Facility Agreement dated 16 July 2012 as amended and restated on 21 March 2014 and further amended on 13 June 2014 and further amended on 29 May 2015 between the Company, the Subsidiaries of the Company listed therein as “Original Borrowers”, the Subsidiaries of the Company listed therein as “Original Guarantors”, Barclays Bank PLC, HSBC Bank PLC, Royal Bank of Canada and The Royal Bank of Scotland plc, as arrangers and book runners, the financial institutions listed therein as “Original Lenders” and HSBC Bank, as Agent, as the same may be amended, supplemented or modified from time to time and any successor, replacement or supplemental syndicated credit facility or bilateral credit facility of the Company entered into to refinance, replace or supplement the foregoing so long as the principal amount of indebtedness which is permitted to be incurred thereunder is equal to or in excess of U.S.$250,000,000 (or its equivalent in any other currency), provided that if no credit facility permits indebtedness equal to or in excess of US$250,000,000 (or its equivalent in any other currency), then the largest credit facility of the Company shall be deemed to be the Principal Bank Facility.