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 Company shall notify the Collateral Trustee, each holder of Secured Obligations under the Principal Bank Facility and the Principal L/C Facility, and each holder of Release Master Debt in writing at least 20 days prior to the proposed effective date for any such transaction.
For the avoidance of doubt, by execution hereof the parties hereto acknowledge and agree that there are no Financial Covenants outstanding under any Principal Bank Facility as of the date hereof.
Thereupon, unless waived in writing by the Required Holders within ten days of the holders’ receipt of such notice, such Additional Covenant shall be deemed incorporated by reference into this Agreement, mutatis mutandis, as if set forth fully herein, effective as of the date when such Additional Covenant became effective under the relevant Principal Bank Facility.
In connection with any proposed sale, assignment, transfer, or other disposition of Collateral, the Company and the Debtors with an interest in such Collateral may deliver a Release Notice to the Collateral Trustee which the Collateral Trustee shall promptly distribute to the holders of Secured Obligations under the Principal Bank Facility and the Principal L/C Facility.
Each Subsidiary which is a guarantor under any Principal Bank Facility shall, at all times it is so acting as such a guarantor, be a Subsidiary Guarantor.
More Definitions of Principal Bank Facility
Principal Bank Facility means the £400,000,000 term loan and revolving facilities agreement dated 3 November 2017 between inter alios the Issuer and HSBC Bank plc, Royal Bank of Canada and The Royal Bank of Scotland 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 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 £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 (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 (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.
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: