RC Facility definition

RC Facility means the provisions herein related to the Initial RC Facility Commitments, the 2023 Replacement RC Facility Commitments, any Additional/Replacement RC Facility Commitments and any Other RC Facility Commitments.
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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;
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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.
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Examples of RC Facility in a sentence

  • 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.

  • 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 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.

  • If the Borrower fails to make such payment when due, the Administrative Agent shall notify each RC Facility Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such RC Facility Lender’s Applicable Percentage thereof.

  • 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.

  • 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.

  • 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.

  • 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).

  • 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.

  • 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.


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;
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RC Facility has the meaning set forth in the Recitals.
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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).
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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.
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RC Facility means the Canadian RC Facility or the U.S. RC Facility.
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Related to RC Facility

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • LC Facility means the letter of credit facility established pursuant to Article III.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Facility Exposure means, at any date of determination, the sum of the aggregate principal amount of all outstanding Advances and the Available Amount under all outstanding Letters of Credit.

  • Tranche A Lenders means the Lenders who hold Tranche A Loans or who have Tranche A Commitments.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Facility B Commitment means a Facility B1 Commitment or a Facility B2 Commitment.

  • Public facility means 1 or more of the following:

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Availability Period means the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the date of termination of the Commitments.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Bank Facility means any credit agreement, including the Credit Agreement dated December 17, 2014, among Bank of America, N.A., Equinix, Inc. and the guarantors party thereto, as amended on April 30, 2015, December 8, 2015, and December 22, 2016, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Company as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

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

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Facility A Commitment means, in relation to a Facility A Lender, the amount set opposite its name in column 1 of part E of schedule 1 or, as the case may be, in any relevant Transfer Certificate, as amended by any relevant term of this Agreement;

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

  • Electric Facility means a Generator or an electric transmission facility.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Facility Usage means, at the time in question, the aggregate amount of outstanding Loans and LC Obligations at such time.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

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