Qualifying Loan Facility definition

Qualifying Loan Facility has the meaning specified in Section 2.07(c).
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Qualifying Loan Facility means a credit facility entered into by Parent, the Borrower or any of Subsidiary for the purpose of financing any portion of the Transactions that is subject to conditions precedent to funding that are no less favorable to Parent, the Borrower or such Subsidiary than the Funding Conditions, as determined by Parent or the Borrower in its reasonable discretion. Notwithstanding the foregoing, the Combined Facility shall constitute a Qualifying Loan Facility but only to the extent that the aggregate amount of commitments and loans thereunder (without duplication) exceed $3,000,000,000.
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Qualifying Loan Facility means a term loan facility, or any other “pro rata” bank loan facility, entered into by the Parent Entity or any Restricted Subsidiary for the purpose of replacing or refinancing, in whole or in part, the Commitments or Loans (or any Class thereof) or, to the extent constituting a Debt Incurrence, otherwise in connection with the financing of the Share Repurchase.
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Examples of Qualifying Loan Facility in a sentence

  • The Borrower shall notify the Administrative Agent upon the receipt by the Borrower or any Subsidiary of any such Net Cash Proceeds or upon the execution of any Qualifying Loan Facility or an amendment to the Existing Credit Agreement, as the case may be, and the Administrative Agent will promptly notify each Lender of its receipt of each such notice.

  • The Borrower shall notify the Administrative Agent of the receipt by the Borrower or any Subsidiary of any such Net Cash Proceeds or upon the execution of any Qualifying Loan Facility, as the case may be, and the Administrative Agent will promptly notify each Lender of its receipt of each such notice.


More Definitions of Qualifying Loan Facility

Qualifying Loan Facility means any loan, credit facility or other debt facility (other than Excluded Debt or a commitment therefor) that is entered into after the Closing Date by the Borrower or any of its Subsidiaries that is incurred in reliance on any Shut-Off Debt Basket(s).
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Qualifying Loan Facility means any term loan facility and any amendment to any existing credit agreement that is entered into by the Company or any of its subsidiaries for the stated purpose of providing financing for the Acquisition (for the avoidance of doubt, including the Permanent Term Loan Financing and the Amendment), provided that the definitive credit or similar agreement or amendment with respect thereto has become effective and the conditions precedent to funding thereunder are no less favorable to the Company (or other borrower thereunder) or are more favorable to the Company (or other borrower thereunder) than the conditions set forth herein to the funding of the Bridge Facility, as determined in good faith by the Company and notified to the Arranger upon the effectiveness thereof.
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Qualifying Loan Facility means any credit facility (including any tranche of any credit facility) that is entered into by the Borrower or any of its subsidiaries for the stated purpose of providing financing, or any portion thereof, for the Acquisition or the Acquired Group Credit Facilities Refinancing, including the Term Facility (but, for the avoidance of doubt, excluding the Bridge Facility); provided that the definitive credit or similar agreement with respect thereto has become effective and the conditions precedent to funding thereunder are no less favorable to the Borrower or are more favorable to the Borrower than the conditions set forth herein to the funding of the Bridge Facility, as reasonably determined by the Borrower.
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Qualifying Loan Facility means any credit facility (including any tranche of any credit facility) that is entered into by the Borrower or any of its Subsidiaries for the stated purpose of providing financing, or any portion thereof, for the Acquisition or the Acquired Group Credit Facilities Refinancing (other than the Bridge Facility, the July 2024 Term Facility or the credit facility established under this Agreement); provided that the definitive credit or similar agreement with respect thereto has become effective and the conditions precedent to funding thereunder are no less favorable to the Borrower or are more favorable to the Borrower than the conditions set forth in the Bridge Commitment Letter to the funding of the Bridge Facility, as reasonably determined by the Borrower.
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Related to Qualifying Loan Facility

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Term Loan C has the meaning set forth in Section 2.2(c).

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.