Refinancing Revolving Credit Facility means, at any time, each revolving credit facility available to the Parent Borrower or any other Credit Party such time pursuant to a Class of Refinancing Revolving Credit Commitments in effect at such time.
Refinancing Revolving Credit Facility has the meaning set forth in Section 2.23(a).
Refinancing Revolving Credit Facility means the revolving credit facility pursuant to which Refinancing Revolving Loans shall be made and Letters of Credit shall be issued.
Examples of Refinancing Revolving Credit Facility in a sentence
As a result of the 2021 Refinancing, the Company prepaid all principal, interest, fees and other obligations outstanding under the 2019 Refinancing Agreements and terminated its 2019 Refinancing Term Loan and 2019 Refinancing Revolving Credit Facility.
The Refinancing Revolving Credit Facility will be used by the Borrower to refinance and replace the Existing Revolving Facility.
After the Eighth Amendment Effective Date, the proceeds of the 2024 Refinancing Revolving Credit Facility shall be used fund the ongoing working capital requirements and other general corporate purposes of the Borrowers and their restricted subsidiaries.
As a result of the 2021 Refinancing, the Company prepaid all principal, interest, fees and other obligations outstanding under the 2019 Refinancing Agreements (defined below) and terminated its 2019 Refinancing Term Loan and 2019 Refinancing Revolving Credit Facility.
On the Eighth Amendment Effective Date, all outstanding Letters of Credit issued under the Credit Agreement pursuant to the Existing Revolving Credit Commitments shall remain outstanding and shall, for all purposes of the Amended Credit Agreement, be automatically deemed issued under 2024 Refinancing Revolving Credit Commitments and 2024 Refinancing Revolving Credit Facility.
More Definitions of Refinancing Revolving Credit Facility
Refinancing Revolving Credit Facility means the Refinancing Revolving Credit Commitments and the extensions of credit made thereunder.
Refinancing Revolving Credit Facility and, together with the Refinancing Term Facility, the “Refinancing Facilities”) in accordance with Section 2.15 hereof and (iii) certain other amendments to this Agreement as set forth herein. The proceeds of the InitialRefinancing Term LoansFacility, together with the proceeds of the 2019 Senior Notes issued on the Fourth Amendment Effective Date (as defined below), will be used by the Borrower to directly or indirectlyrepay the Existing Term Loans and to consummate the other 2019 Transactions (as defined below). The Refinancing, pay the Transaction Expenses and for general corporate purposes. Revolving Credit Facilities will be used by the Borrower to refinance and replace the Existing Revolving Facility. The applicable Lenders have indicated their willingness to lend and the L/C Issuers have indicated their willingness to issue Letters of Credit, in each case, on the terms and subject to the conditions set forth herein. In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:
Refinancing Revolving Credit Facility as defined in the introductory paragraph to this Agreement.
Refinancing Revolving Credit Facility the Refinancing Term Facilities and the Refinancing Revolving Credit Facilities are collectively referred to as “Refinancing Facilities”), respectively, under the Credit Documentation with the consent of the Borrower and the lenders providing such Refinancing Term Facility or Refinancing Revolving Credit Facility and/or (b) in the case of the refinancing of the Term Loan Facilities, one or more additional series of senior secured or unsecured notes or loans that will be (x) secured by the Collateral on a pari passu basis with the Senior Credit Facilities, (y) secured on a junior lien or “silent” subordinated basis to the Senior Credit Facilities and to the obligations under any senior secured notes described in clause (x) above or (z) unsecured, and, in the case of clauses (x) and (y), that will be subject to intercreditor arrangements reasonably satisfactory to the Administrative Agent (any such notes or loans described in this clause (b), “Refinancing Debt”); provided that (i) (x) any Refinancing Term Facility or Refinancing Debt shall not mature prior to the maturity date of, or have a shorter weighted average life than, the Term Loans being refinanced and (y) any Refinancing Revolving Credit Facility shall not mature prior to the maturity date of the revolving commitments being refinanced, (ii) the other terms and conditions of any such Refinancing Facility or Refinancing Debt (excluding pricing, interest rate margins, fees, discounts, rate floors and prepayment or redemption terms) are substantially identical to, or (taken as a whole) are no more favorable to the lenders providing such Refinancing Facility or Refinancing Debt, as applicable, than those applicable to the Term Loan Facility or the commitments and loans under the Revolving Credit Facility being refinanced (except (A) for covenants or other provisions applicable only to periods after the latest final scheduled maturity date of the Term Loan Facilities or the Revolving Credit Facility, as applicable, existing at the time of such refinancing or (B) to the extent that such more favorable terms and conditions are applied to the Senior Credit Facilities), (iii) any Refinancing Debt which is in the form of loans that is incurred outside of the Senior Credit Facilities will be unsecured or secured on a junior basis to the Facilities (and, for purposes of clarity, may not be secured on a pari passu basis to the Senior Credit Facilities) and (iv) no Lender will be obligated to provide commitments ...
Refinancing Revolving Credit Facility the Refinancing Term Facilities and the Refinancing Revolving Credit Facilities are collectively referred to as “Refinancing Facilities”), respectively, under this Agreement with the consent of the Borrower, the Administrative Agent (not to be unreasonably withheld or delayed) and the institutions providing such Refinancing Term Facility or Refinancing Revolving Credit Facility or, in the case of any series of Incremental Term Loans, with one or more series of senior unsecured notes or term loans or senior secured first lien notes or term loans or senior secured junior lien (as compared to the Liens securing the Secured Obligations) term loans, in each case, if secured, that will be secured by Liens on the Collateral on a pari passu basis or junior priority basis (as applicable) with the Liens on Collateral securing the Secured Obligations and will be subject to customary intercreditor arrangements reasonably satisfactory to the Borrower and the Administrative Agent (any such notes or loans, “Refinancing Equivalent Debt”); provided that (i) except with respect to customary bridge loans, any Refinancing Term Facility or Refinancing Equivalent Debt does not mature, or have a weighted average life to maturity, earlier than the final maturity, or the weighted average life, of the Class of Term Loans or Incremental Term Loans being refinanced, (ii) any Refinancing Revolving Credit Facility does not mature prior to the maturity date of the Revolving Credit Commitments being refinanced, (iii) the other terms and conditions of such Refinancing Term Facility, Refinancing Revolving Credit Facility or Refinancing Equivalent Debt (excluding pricing and optional prepayment or redemption terms) are (taken as a whole) no more favorable to the lenders or investors, as applicable, providing such Refinancing Term Facility, Refinancing Revolving Credit Facility or Refinancing Equivalent Debt, as applicable, than those applicable to the Term Loans, Incremental Term Loans or the Revolving Credit Commitments being refinanced, (iv) there shall be no borrower, issuer and/or guarantor under any Refinancing Equivalent Debt other than the Borrower and/or the Subsidiary Guarantors, as applicable, (v) the proceeds of any Refinancing Facility or Refinancing Equivalent Debt shall be applied, substantially simultaneously with the incurrence thereof, to the prepayment of outstanding Loans (and, in the case of any Refinancing Facility or Refinancing Equivalent Debt the proceeds of which ar...