Prior Credit Facility definition

Prior Credit Facility is defined in the first preliminary statement hereto.

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Prior Credit Facility means the Fourth Amended and Restated Credit Agreement made as of August 31, 2016 between the Company, as Canadian borrower, Liquor Stores USA Holdings Inc., as U.S. borrower, the lenders party thereto, Canadian Imperial Bank of Commerce, as administrative and security agent for the lenders, and Canadian Imperial Bank of Commerce, as lead arranger and book runner, as amended by a first amending agreement made effective as of October 16, 2018, and as amended by a second amending agreement made effective as of October 31, 2018, and as amended by a third amending agreement made March 7, 2019;

Prior Credit Facility means that certain Amended and Restated Revolving Credit Agreement dated as of August 20, 1993 by and among Pennzoil Company, the banking institutions party thereto and Chase Bank of Texas, National Association (f/k/a Texas Commerce Bank National Association), as Administrative Agent, as amended from time to time.

Examples of Prior Credit Facility in a sentence

The Loans and Letters of Credit hereunder are for the direct benefit of the Borrower or one or more of the Restricted Subsidiaries of the Borrower, and the initial Loans and Letters of Credit hereunder are used to refinance and replace indebtedness owing, directly or indirectly, by the Borrower and certain of the Guarantors to the Lenders under the Prior Credit Facility.
Upon the effectiveness of this Agreement, all of the Prior Indebtedness outstanding on such date shall hereby be restructured, rearranged, renewed, extended and continued as provided in this Agreement and all Loans outstanding under the Prior Credit Facility shall become Loans outstanding hereunder.
The Administrative Agent, the Lenders and the Issuing Bank are willing, on the terms and subject to the conditions hereinafter set forth (including Article IV), to amend and restate the Prior Credit Facility in order to restructure, rearrange, renew, extend and continue all Prior Indebtedness and to modify the commitments and make such Loans to the Borrower and issue and participate in such Letters of Credit for the account of the Borrower.
Without limiting the foregoing, the claims released herein expressly include any claims arising out of, or alleged to arise out of (a) the application for or the negotiation of the terms of the Loans, the Loan Documents or any Prior Credit Facility, (b) the administration by Lender of the Commitments, the Loans, the Loan Documents and any Prior Credit Facility, or (c) the contracting for charging, taking, reserving, collecting or receiving interest in excess of the highest lawful rate applicable thereto.
The Borrower will use the proceeds of all Loans to refinance the Prior Credit Facility on the Closing Date and thereafter to finance working capital needs, to finance acquisitions and for other general corporate purposes of the Borrower and its Subsidiaries.

More Definitions of Prior Credit Facility

Prior Credit Facility means the Fourth Amended and Restated Credit Agreement dated as of November 22, 2013, among Borrower, Bank of Montreal, as administrative agent and as issuing bank and certain lenders party thereto (as amended, modified or supplemented prior to the date hereof).

Prior Credit Facility means that certain Credit Agreement, dated as of June 30, 1997, as amended, modified or supplemented prior to the date hereof, among the Borrower, the financial institutions party thereto, and Bank of America, as administrative agent.

Prior Credit Facility means the 5-Year Revolving Credit Agreement dated as of August 16, 2001 among the Company, Citibank, as paying agent, Citibank and JPMCB (as successor to The Chase Manhattan Bank), as co-administrative agents, and the lenders party thereto.

Prior Credit Facility means that certain Credit Agreement dated as --------------------- of April 15, 1997 among Borrower, Bank One, Indiana, N.A., as agent, and the lenders party thereto.

Prior Credit Facility the credit facility evidenced by that certain Credit Agreement, dated as of February 25, 2013, among the lenders named therein, and JPMorgan Chase Bank, N.A., as Administrative Agent.

Prior Credit Facility means the First Amended and Restated Revolving Credit Agreement dated September 30, 2003 by and among Borrower, SunTrust Bank as Administrative Agent (as defined therein) and the Lenders (as defined therein) party thereto.

Prior Credit Facility pursuant to which the “Lenders” (as defined in the Prior Credit Facility) made certain “Loans” (as defined in the Prior Credit Facility) for certain purposes as set forth therein.