Secured Facility Agreement definition

Secured Facility Agreement means the facility agreement in respect of a facility of US$1,352,000,000 to be entered into between Cukurova, Cukurova Holding A.S., and Alfa, in connection with the Subscription Agreement;
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Secured Facility Agreement means any one of them and “Secured Credit Facility” or “Secured Credit Facilities” means the facilities made available thereunder. Sevan Sevan Drilling Limited.
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Secured Facility Agreement the secured facility agreement dated 26 October 2018 entered into among the Borrower, the Company, the Lenders, the Facility Agent and the Security Agent, details of which were disclosed in the announcement and the circular of the Company dated 26 October 2018 and 1 November 2018 respectively, and (where applicable) as amended and supplemented by the Supplemental Agreement
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Examples of Secured Facility Agreement in a sentence

  • Revised Senior Secured Facility Agreement: The Telewest Group will enter into an amended and restated loan agreement for committed facilities of £2,030 million comprising term loans of £1,840 million, a revolving credit facility of £140 million and an overdraft facility of £50 million together with uncommitted facilities of up to £125 million.

  • If, on any such testing date: (x) DSCR is less than 0.8x; or (y) Net Leverage is greater than the level set at the same implied headroom as DSCR of 0.8x, (the events described in either (x) or (y) (or both occurring on the same test date) being a “Margin Increase Trigger”), the “Applicable Margin” under each Secured Facility Agreement shall be increased by 25 basis points with effect from the testing date of such quarter in which a Margin Increase Trigger occurred.

  • Election Subject to the conditions described below, the Company may elect in respect of each quarter to convert a specified amount of scheduled principal amortisation into a new secured tranche under each of the Secured Facility Agreements, with 550bps cash margin over LIBOR and a bullet payment on the extended maturity date under each respective Secured Facility Agreement (the “Amortisation Conversion Election”).

  • To the best knowledge, information and belief of the Directors, having made all reasonable enquiry, save as Metro and its associates, no Shareholder (or its associates) has any material interest in the transactions contemplated under the Secured Facility Agreement.

  • The terms of this subordination will provide that RigCo shall be permitted to make payments in respect of any valid claims of a Ship Finance Party under such third ranking guarantee provided that no default or event of default (howsoever defined) has occurred and is continuing under any Secured Facility Agreement or the New Secured Notes.

  • As security is provided by the Group for due performance of the payment obligations of the Borrower under the Secured Facility Agreement, the exemption under Rule 14A.90 of the Listing Rules is not applicable.

  • The EGM will be convened for the purpose of, among other things, obtaining Independent Shareholders’ approval for the Secured Facility Agreement and the transactions contemplated thereunder.

  • Metro, being a substantial Shareholder interested in the transactions contemplated under the Secured Facility Agreement, and its associates will abstain from voting at the EGM.

  • Since the Variations of Terms constitute material variations of terms of the Secured Facility Agreement, the Supplemental Agreement and the transactions as contemplated thereunder will be subject to the reporting, announcement and the Independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules.

  • Capitalised terms used in this Term Sheet and not otherwise defined herein or in Annex 1 (Definitions) have the meanings given to them in the relevant Secured Facility Agreement.