Principal Debt Facility means any agreement, instrument or facility, and any renewal, refinancing, refunding or replacement thereof, or any two or more of any of the foregoing forming part of a common interrelated financing or other transaction (collectively, a “Debt Agreement”) in respect of which the Company or any Subsidiary is a borrower, guarantor or other obligor, providing for the incurrence of Indebtedness by the Company or any Subsidiary in an aggregate principal amount equal to or in excess of $200,000,000 (or the equivalent thereof in any other currency), regardless of the principal amount outstanding thereunder from time to time. For the avoidance of doubt, each of the Existing Credit Facility, the Indebtedness under the Existing Note Agreement, the Indebtedness under the Prudential Shelf Agreement and the Indebtedness under the MetLife Note Agreement is a Principal Debt Facility.
Principal Debt Facility means an unsecured bank line of credit or other unsecured bilateral facility or debt private placement under which the Company or any Subsidiary is an obligor.
Principal Debt Facility means (i) that certain Revolving Credit and Term Loan Agreement, dated July 21, 2014, among the Company, as Borrower, PNC Bank, National Association, as Administrative Agent and the other lenders party thereto (as the same may be amended, modified, restated, amended and restated, or refinanced from time to time) (the “Bank Credit Facility”), (ii) the 2015 Note Purchase Agreement (as the same may be amended, modified, restated, amended and restated, or refinanced from time to time) and (iii) any unsecured bank line of credit or other unsecured bilateral facility or debt private placement under which the Company or any Subsidiary is an obligor in a principal amount outstanding or available for borrowing equal to or greater than $25,000,000.
Examples of Principal Debt Facility in a sentence
As of the Agreement Effective Date and after giving effect to the transactions contemplated hereby, no Restricted Subsidiary has issued or is subject to any Guarantee Obligation in respect of any Principal Debt Facility.
Simultaneously with any Subsidiary becoming, but only for so long as such Subsidiary shall be, (x) a guarantor of the obligations of the Company or any Subsidiary under a Principal Debt Facility or (y) a borrower or other obligor under a Principal Debt Facility, the Company will cause such Person to enter into a Guaranty Agreement in form and substance reasonably acceptable to the Required Holders, and thereupon such Person shall become a Guarantor hereunder for all purposes.
As of the Restatement Date and after giving effect to the transactions contemplated hereby, no Subsidiary has issued or is subject to any Guarantee Obligation in respect of any Principal Debt Facility.
On 13 April 2021, the Group agreed with the Principal Debt Facility lenders and noteholders to a series of amendments permitting the extension of certain maturity dates and amendment of certain terms of the Group's borrowings under these arrangements.
More Definitions of Principal Debt Facility
Principal Debt Facility means (i) that certain Amended and Restated Revolving Credit and Term Loan Agreement, dated December 15, 2016, among the Company, as Borrower, PNC Bank, National Association, as Administrative Agent and the other lenders party thereto (as the same may be amended, modified, restated, amended and restated, or refinanced from time to time) (the “Bank Credit Facility”) (ii) the 2015 Note Purchase Agreement (as the same may be amended, modified, restated, amended and restated, or refinanced from time to time), (iii) the 2016 Note Purchase Agreement (as the same may be amended, modified, restated, amended and restated, or refinanced from time to time), (iv) the 2017 Note Purchase Agreement (as the same may be amended, modified, restated, amended and restated, or refinanced from time to time) and (v) any unsecured bank line of credit or other unsecured bilateral facility or debt private placement under which the Parent Guarantor, the Company or any Subsidiary is an obligor in a principal amount outstanding or available for borrowing equal to or greater than $25,000,000.
Principal Debt Facility means an unsecured bank line of credit or other unsecured bilateral facility or debt private placement under which the Company or any Subsidiary is an obligor. For the avoidance of doubt, the Revolving Credit Agreement, as in effect on the Execution Date, that certain note purchase agreement dated as of March 31, 2011 among the Company, the Parent Guarantor and the purchasers named in Schedule A thereto and that certain note purchase agreement dated as of June 30, 2011 among the Company, the Parent Guarantor and the purchasers named in Schedule A thereto shall each be a Principal Debt Facility.
Principal Debt Facility means (i) that certain Revolving Credit and Term Loan Agreement, dated July 21, 2014, among the Company, as Borrower, PNC Bank, National Association, as Administrative Agent and the other lenders party thereto (as the same may be amended, modified, restated, amended and restated, or refinanced from time to time) (the “Bank Credit Facility”) and (ii) any unsecured bank line of credit or other unsecured bilateral facility or debt private placement under which the Company or any Subsidiary is an obligor in a principal amount outstanding or available for borrowing equal to or greater than $25,000,000.
Principal Debt Facility means (i) that certain Amended and Restated Revolving Credit and Term Loan Agreement dated as of December 15, 2016, as supplemented by the Increase Agreement dated as of July 18, 2018 and as amended by the Letter Agreement dated September 12, 2018, the First Amendment to Amended and Restated Revolving Credit and Term Loan Agreement dated December 17, 2018 and the Second Amendment to Amended and Restated Revolving Credit and Term Loan Agreement dated May 6, 2019, among the Company, as Borrower, Parent Guarantor, PNC Bank, National Association, as Administrative Agent and the other lenders party thereto (as the same may be amended, modified, restated, amended and restated, or refinanced from time to time), (ii) the 2015 Note Purchase Agreement (as the same may be amended, modified, restated, amended and restated, or refinanced from time to time), (iii) the 2016 Note Purchase Agreement (as the same may be amended, modified, restated, amended and restated, or refinanced from time to time), (iv) the 2017 Note Purchase Agreement (as the same may be amended, modified, restated, amended and restated, or refinanced from time to time), (v) the 2017 AIG Master Note Facility (as the same may be amended, modified, restated, amended and restated, or refinanced from time to time), (vi) the 2017 TIAA Master Note Facility (as the same may be amended, modified, restated, amended and restated, or refinanced from time to time), and (vii) any unsecured bank line of credit or other unsecured bilateral facility or debt private placement under which the Parent Guarantor, the Company or any Subsidiary is an obligor in a principal amount outstanding or available for borrowing equal to or greater than $25,000,000.
Principal Debt Facility means (i) that certain Amended and Restated Revolving Credit and Term Loan Agreement, dated December 15, 2016 among the Company, as Borrower, PNC Bank, National Association, as Administrative Agent and the other lenders party thereto (as the same may be amended, modified, restated, amended and restated, or refinanced from time to time) (the “Bank Credit Facility”), (ii) the 2015 Note Purchase Agreement (as the same may be amended, modified, restated, amended and restated, or refinanced from time to time), (iii) the 2016 Note Purchase Agreement (as the same may be amended, modified, restated, amended and restated, or refinanced from time to time) and (iv) any unsecured bank line of credit or other unsecured bilateral facility or debt private placement under which the Parent Guarantor, the Company or any Subsidiary is an obligor in a principal amount outstanding or available for borrowing equal to or greater than $25,000,000.
Principal Debt Facility in Schedule A of the Note Facility is hereby amended and restated in its entirety as follows:
Principal Debt Facility means any agreement, instrument or facility, and any renewal, refinancing, refunding or replacement thereof, or any two or more of any of the foregoing forming part of a common interrelated financing or other transaction (collectively, a “Debt Agreement”) in respect of which the Company or any Subsidiary is a borrower, guarantor or other obligor, providing for the incurrence of Indebtedness by the Company or any Subsidiary in an aggregate principal amount equal to or in excess of $200,000,000 (or the equivalent thereof in any other currency), regardless of the principal amount outstanding thereunder from time to time. For the avoidance of doubt, each of the Existing Credit Facility, the 364-Day Credit Facility, the Existing Note Agreement, the Prudential Shelf Agreement and the MetLife Note Agreement is a Principal Debt Facility.