Qualifying Loan Facility has the meaning specified in Section 2.07(c).
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.
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.
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.
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).
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.
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.