RC Facility definition

RC Facility means the RC Facility Commitments and the provisions herein related to the RC Facility Loans and Letters of Credit.

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RC Facility means the revolving credit facility referred to in clause 2.1.1(a)(i) in the amount of up to the RC Facility Limit and made available by the Banks to the Borrower pursuant to this Agreement;

RC Facility means the facility described in Section 2.1 hereof providing for RC Loans to the RC Borrowers by the RC Lenders in an aggregate principal amount at any one time outstanding not to exceed the Total RC Commitment.

Examples of RC Facility in a sentence

• Each of the parties hereto hereby agrees that, upon the effectiveness of any Refinancing Amendment, this Agreement shall be deemed amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Credit Agreement Refinancing Indebtedness incurred pursuant thereto (including any amendments necessary to treat the Loans and Commitments subject thereto as Other Term Loans, Other RC Facility Loans, Other RC Facility Commitments and/or Other Term Commitments).

• In the case of any such request pertaining to (i) RC Facility Loans, the Administrative Agent shall promptly notify each RC Facility Lender thereof and (ii) Letters of Credit, the Administrative Agent shall promptly notify each applicable Issuing Bank thereof.

• The Borrower may, at any time and from time to time, designate as additional Issuing Banks one or more RC Facility Lenders that agree to serve in such capacity as provided below.

• Promptly following receipt by the Administrative Agent of any payment from or on behalf of the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that RC Facility Lenders have made payments pursuant to this clause (f) to reimburse such Issuing Bank, then to such RC Facility Lenders and such Issuing Bank as their interests may appear.

• Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each applicable RC Facility Lender, specifying in such notice such RC Facility Lender’s Applicable Percentage of such Swingline Loan or Swingline Loans.

• Each RC Facility Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for the account of the Swingline Lender, such RC Facility Lender’s Applicable Percentage of such Swingline Loan or Swingline Loans.

• In the case of any such request with respect to (i) the making of RC Facility Loans, such request shall be subject to the approval of the Administrative Agent and all of the RC Facility Lenders and (ii) the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable Issuing Bank.

• Such notice shall specify the aggregate amount of Swingline Loans in which RC Facility Lenders will participate.

• Each RC Facility Lender (in the case of any such request pertaining to RC Facility Loans) or the applicable Issuing Bank (in the case of a request pertaining to Letters of Credit) shall notify the Administrative Agent, not later than 5:00 p.m., New York City time, one Business Day after receipt of such request whether it consents, in its sole discretion, to the making of RC Facility Loans or the issuance of Letters of Credit, as the case may be, in such requested currency.

• The Swingline Lender may by written notice given to the Administrative Agent not later than 2:00 p.m., New York City time, on any Business Day require the RC Facility Lenders to acquire participations on such Business Day in all or a portion of the Swingline Loans outstanding.

More Definitions of RC Facility

RC Facility the credit facility provided hereunder with respect to RC Loans. RC Lender: each Lender that signs this Agreement in respect of a RC Commitment and each successor and assign thereof.

RC Facility means any revolving credit facility (other than an ABL Facility) entered into by one or more Obligors at any time after the Amendment No. 2 Effective Date; provided that (a) as of the date of the initial issuance thereof, such facility shall be provided by Commercial Lenders, (b) any Liens on the Collateral securing such facility shall be subject to each applicable Intercreditor Agreement, (c) such facility shall not be guaranteed by any Person that is not an Obligor and (d) the Administrative Agent is reasonably satisfied that it has received (or has otherwise agreed that reasonably satisfactory arrangements have been made for) all actions or documents reasonably requested by the it that are necessary to establish or reaffirm that all Liens intended to be constituted pursuant to the Collateral Documents remain valid, existing and in full force and effect and with the priority envisaged hereby (including, if so requested, deeds of confirmation, amendments and/or supplements to Collateral Documents and/or the applicable Intercreditor Agreement).

RC Facility has the meaning set forth in the Recitals.

RC Facility means the Canadian RC Facility or the U.S. RC Facility.

RC Facility. The Revolving Credit Facility granted or to be granted to the Borrower pursuant to Section 3.01 hereof and includes any part(s) thereof;