RC Facility definition

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

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

• Borrowings under the RC Facility bear interest at SIBOR plus 2.5%.

• 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.

• The Borrower has requested that substantially simultaneously with the consummation of the Merger, the Lenders extend credit to the Borrower in the form of (i) Term Loans in an initial aggregate principal amount of $1,310,000,000, (ii) a Working Capital RC Facility in an aggregate principal amount of $150,000,000 and (iii) a Pre-Funded RC Facility in an aggregate principal amount of $100,000,000.

• The next largest damage par- ameter, which was equal to 1, was predicted by Sapozhnikov..

• After such examination, each Issuing Bank shall promptly notify the Administrative Agent and the Borrower in writing of such demand for payment and whether such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the RC Facility Lenders with respect to any such LC Disbursement in accordance with clause (f) of this Section 2.04.

• In the event the Borrower’s request to cancel the RC Facility occurs after a RC Drawing Notice has been issued but before the requested RC Drawing is made, the Borrower shall bear all reasonable and documented costs incurred by the Lender in liquidating or employing deposits from third parties to make or fund such RC Drawing but not drawn by the Borrower as a result of such cancellation of the RC Facility.

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

• Each RC Facility Lender shall comply with its obligation under this clause (d) by wire transfer of immediately available funds, in the same manner as provided in Section 2.06 with respect to Loans made by such Lender (and Section 2.06 shall apply, mutatis mutandis, to the payment obligations of the RC Facility Lenders pursuant to this clause (d)), and the Administrative Agent shall promptly pay to the applicable Swingline Lender the amounts so received by it from the RC Facility Lenders.

• All Letters of Credit issued under the Canadian RC Facility shall be denominated in Canadian Dollars requested by the applicable Borrower and shall be issued for the account of the applicable Borrower.

• The Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders on the Maturity Date for the Pre-Funded RC Facility the aggregate principal amount of all of its Pre-Funded RC Loans outstanding on such date.

More Definitions of 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;

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 means the Canadian RC Facility or the U.S. 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 has the meaning set forth in the Recitals.