Examples of Principal Credit Facility in a sentence
Such Purchaser shall have received evidence reasonably satisfactory to it that the “Investment Grade Financial Covenant Election Date” as defined under and in accordance with the Principal Credit Facility shall have occurred or shall occur on the Closing Date.
The Purchasers and the administrative agent, on behalf of the lenders, under the Principal Credit Facility will enter into the Intercreditor Agreement on the Closing Date (together with any future additional creditors that may from time to time in the future accede thereto) providing for the sharing of certain payments from guarantors and borrowers (other than the Company) among the parties following an Event of Default.
The Intercreditor Agreement shall have been executed and delivered by each of the Purchasers and the administrative agent, on behalf of the lenders, under the Principal Credit Facility.