Revolving Facilities definition

Revolving Facilities means, collectively, the Canadian Revolving Facility and the U.S. Revolving Facility.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

Revolving Facilities means the Dollar Revolving Facility, the Multicurrency Revolving Facility and any Revolver Extension Series.

Examples of Revolving Facilities in a sentence

With respect to the Revolving Facilities only, permit the Net First Lien Leverage Ratio as of the last day of any fiscal quarter, solely to the extent that on such date the Testing Condition is satisfied, to exceed 4.90 to 1.00.
Borrowings of more than one Type may be outstanding at the same time; provided, however, that the Borrower shall not be entitled to request any Borrowing that, if made, would result in more than (i) five (with an additional two for each new Class, up to a maximum of 10) Eurocurrency Borrowings outstanding under all Term Facilities at any time and (ii) five (with an additional two for each new Class, up to a maximum of 10) Eurocurrency Borrowings outstanding under all Revolving Facilities at any time.
Borrowings of more than one Type may be outstanding at the same time; provided, however, that the Borrower shall not be entitled to request any Borrowing that, if made, would result in more than (i) 10 Eurocurrency Borrowings outstanding under all Term Facilities at any time and (ii) 10 Eurocurrency Borrowings outstanding under all Revolving Facilities at any time.
Notwithstanding anything to the contrary herein, (i) the aggregate principal amount of all Incremental Term Facilities and all Incremental Equivalent Debt shall not exceed $1,000,000,000 and (ii) the aggregate amount of all Incremental Revolving Facilities shall not exceed $200,000,000; provided that any Incremental Revolving Facility shall be effectuated as an increase of the Revolving Facility.
The aggregate principal amount of Incremental Facilities on any date Indebtedness thereunder is first incurred (or in the case of Incremental Revolving Facilities, first committed), together with the aggregate principal amount of Incremental Equivalent Debt incurred as of such date, will not exceed an amount equal to the sum of the Incremental Fixed Amount and the Incremental Ratio Amount (the “Incremental Amount”).

More Definitions of Revolving Facilities

Revolving Facilities means, collectively, the Dollar Revolving Facility and the Approved Currency Revolving Facility.

Revolving Facilities means the U.S. Revolving Facility and the U.K. Revolving Facility and “Revolving Facility” refers to any such facility individually.

Revolving Facilities means, collectively, the Dollar Tranche Revolving Facility and the Multicurrency Tranche Revolving Facility.

Revolving Facilities has the meaning specified in Section 2.16(a).

Revolving Facilities means a collective reference to (i) the revolving loan facility established pursuant to Section 2.1 and (ii) the Existing Five-Year Facility.

Revolving Facilities has the meaning assigned to such term in the definition of “Facility”.

Revolving Facilities means (a) the Revolving Credit Facility, (b) any Specified Refinancing Debt constituting revolving credit facility commitments and (c) the aggregate principal amount of the Revolving Credit Lenders’ Extended Revolving Credit Commitments in respect of any Extension, in each case, including the extensions of credit made thereunder.