Senior Bank Financing definition

Senior Bank Financing means the credit facilities contemplated by (a) this Agreement, and (b) the Five-Year Revolving Credit Facility Agreement.
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Senior Bank Financing means any credit facility providing for loans and/or advances to be made to Borrower that Borrower enters into with one or more Lenders to the extent the Indebtedness arising thereunder shall constitute Pari Passu Debt, provided that Senior Bank Financing shall not include any EXIM Financing or financing under the Alcatel Credit Agreement.
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Senior Bank Financing means (i) any one or more agreements evidencing one or more senior credit facilities providing for (A) the issuance of letters of credit on behalf of the Company and/or any Restricted Subsidiary, (B) term loans (including term loans provided by way of bankers' acceptances, bills of exchange or endorsements) to the Company and/or any Restricted Subsidiary, (C) revolving loans to the Company and/or any Restricted Subsidiary, (D) Currency Agreements and/or (E) Interest Rate Protection Obligations and (ii) any agreement evidencing the refinancing, modification, replacement, renewal, restatement, deferral, extension, substitution, supplement or reissuance thereof.
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Examples of Senior Bank Financing in a sentence

  • Representations and Warranties: The Senior Bank Financing and related documentation shall contain representations and warranties typical for these types of facilities, as well as any additional ones appropriate in the context of the proposed transaction.

  • Guaranty: All obligations under the Senior Bank Financing shall be unconditionally guaranteed by all material direct and indirect wholly-owned subsidiaries of the Borrower (including, without limitation, Doubletree Partners) (collectively, the "Guarantors"), subject to customary exceptions for transactions of this type.

  • The Senior Bank Financing shall provide for a mechanism which will allow for each assignee to become a direct signatory to the Senior Bank Financing and will relieve the assigning Lender of its obligations with respect to the assigned portion of its commitment.

  • Security: The obligations of the Borrower and the Guarantors under the Senior Bank Financing shall be secured by a first priority perfected security interest in (x) all stock owned by the Borrower and the Guarantors (other than the capital stock in RFS Hotels Investors, Inc.

  • Maturity: The final maturity of the Tranche A Term Loan Facility shall be the sixth anniversary of the date of initial borrowing under the Senior Bank Financing (the "Closing Date").

  • So long as no event of default exists pursuant to the Senior Bank Financing, the consent of the Borrower shall be required with respect to assignments of Loans (other than assignments to (x) affiliates of the respective Lender or (y) any entity which is already a Lender), such consent not to be unreasonably withheld or delayed.

  • The Borrower may not assign its rights or obligations under the Senior Bank Financing without the prior written consent of the Agent and the Lenders.

  • Terms Applicable to the Entire Senior Bank Financing ---------------------------------------------------- Borrower: MTL, Inc.

  • Caterair shall not permit any of its domestic Subsidiaries, directly or indirectly, to incur, guarantee or secure through the granting of Liens the payment of any Indebtedness under the Senior Bank Financing or any refunding or refinancing thereof, in each case unless such Subsidiary, the Issuer and the Trustee execute and deliver a supplemental indenture evidencing such Subsidiary's Guarantee, such Guarantee to be a senior subordinated unsecured obligation of such Subsidiary.

  • Unavailability of such funds for any reason other than a failure of the condition set forth in clause (iv) of the Section entitled "Summary of Certain of the Terms and Conditions of the Additional Senior Bank Financing - Conditions Precedents" of the BT Commitment Letter shall be deemed, solely for the purpose of this Section 5.2(b), to satisfy the condition contained in the first sentence of this Section 5.2(b).


More Definitions of Senior Bank Financing

Senior Bank Financing has the meaning set forth in the Amended and Restated Stockholders Agreement.
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Senior Bank Financing means the revolving credit loan and the term loan to Argo-Tech provided by Sumitomo Bank pursuant to that certain Loan Agreement, dated as of December 24, 1990, by and between Argo-Tech and Sumitomo Bank, among others, as such Loan Agreement may be amended, revised, and modified by the parties thereto from time to time, and any refundings or refinancings thereof.
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Senior Bank Financing has the meaning specified in the Preliminary Statements.
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Senior Bank Financing means the syndicated senior bank loan financing facilities to which the Company, or any of its subsidiaries, are a party on the Effective Date and any refinancing thereof.
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Senior Bank Financing means the revolving credit loan and the term loan to Old Argo-Tech provided by Sumitomo Bank pursuant to that certain Loan Agreement, dated December 24, 1990, by and between Old Argo-Tech and Sumitomo Bank, among others, as such Loan Agreement may be amended, revised, and modified by the parties thereto from time to time, and any refunding or refinancings thereof. The Loan Agreement was modified by the Sumitomo Consent dated ____________, 1997 to,
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Senior Bank Financing means the Term Loan Agreement dated as of the Issue Date, among each of SCIS and Caterair, as borrowers, the guarantors thereunder, the lenders party thereto from time to time in their capacities as lenders thereunder, and Morgxx Xxxranty Trust Company of New York, as administrative agent, J.P. Xxxxxx Xxxurities Inc. and Bankers Trust Company, as co-arrangers, and Bankers Trust Company, as syndication agent, and the Revolving Credit Facility, dated as of the Issue Date, among the Issuer, as borrower, the guarantors 38 -29- thereunder, the lenders party thereto from time to time in their capacities as lenders thereunder and Morgxx Xxxranty Trust Company of New York, as administrative agent, J.P. Xxxxxx Xxxurities Inc. and Bankers Trust Company, as co-arrangers, and Bankers Trust Company, as syndication agent, together, in each case, 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 any agreement extending the maturity of, increasing the total commitment under, refinancing, replacing or otherwise restructuring (including adding Restricted Subsidiaries of the Issuer and Subsidiaries of Caterair as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under any such agreement or any successor or replacement agreement to any thereof and whether by the same or any other syndication agent, documentation agent, administrative agent, lender or group of lenders.
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Related to Senior Bank Financing

  • Senior Bank Debt means all Obligations outstanding under or in connection with the Credit Agreement (including Guarantees of such Obligations by Subsidiaries of the Company).

  • Existing Financing means the financing arrangements that provided for a security interest granted by Company in the Aircraft and that were outstanding on August 3, 2020.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Senior Credit Facilities means the Credit Facility under the Credit Agreement, dated as of March 29, 2007, by and among the Issuer, the Guarantors, the lenders party thereto in their capacities as lenders thereunder and Deutsche Bank AG New York Branch, as administrative agent, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings or refinancings thereof and any indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.09 hereof).

  • Bridge means a structure including supports erected over a depression or an obstruction, such as water, a highway, or a railway, for the purposes of carrying traffic or other moving loads, and having an opening measuring along the center of the roadway of more than 20 feet between undercopings of abutments or spring lines of arches, or extreme ends of openings for multiple boxes where the clear distance between openings is less than 1/2 of the smaller contiguous opening.

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • Bridge Financing means interim financing to cover Eligible Project Costs until DWSRF financing for the project is received from the State Water Board.

  • New Financing means the Indebtedness incurred or to be incurred by Holdings and its Subsidiaries under the Credit Documents (assuming the full utilization of the Revolving Commitments) and all other financings contemplated by the Credit Documents, in each case after giving effect to the Transaction and the incurrence of all financings in connection therewith.

  • Senior ABL Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Senior means a person seventy years old or older.

  • Securitization Financing means any transaction or series of transactions that may be entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Securitization Subsidiary (in the case of a transfer by the Borrower or any of its Subsidiaries) or (b) any other Person (in the case of a transfer by a Securitization Subsidiary), or may grant a security interest in, any Securitization Assets of the Borrower or any of its Subsidiaries, and any assets related thereto, including all collateral securing such Securitization Assets, all contracts and all guarantees or other obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving Securitization Assets.

  • Credit Facilities means, one or more debt facilities (including, without limitation, the Credit Agreement) or commercial paper facilities, in each case, with banks or other institutional lenders providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables) or letters of credit, in each case, as amended, restated, modified, renewed, refunded, replaced (whether upon or after termination or otherwise) or refinanced (including by means of sales of debt securities to institutional investors) in whole or in part from time to time.

  • Alternative Financing has the meaning set forth in Section 5.16(d).

  • Senior Facility has the meaning given to the term “Facility” in the Senior Facilities Agreement.

  • Debt Facility means any Senior Facility and any Second Priority Debt Facility.

  • Bridge Facility means the Commitments and any Advances made thereunder.

  • Credit Facility Agreement means any agreement pursuant to which a Credit Facility Issuer issues a Credit Facility.

  • Other Financing shall have the meaning assigned to such term in Section 5.6(ii) hereof.

  • Senior Facilities means the Credit Agreement and any Additional Senior Debt Facilities.

  • Credit Facility Documents means the collective reference to any Credit Facility, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.

  • Senior Loan has the meaning provided in the Recitals hereto.

  • Additional Financing has the meaning set forth in Section 16.3(a).

  • Permitted First Priority Refinancing Debt means any secured Indebtedness incurred by the Borrower in the form of one or more series of senior secured notes or senior secured loans; provided that (i) such Indebtedness is secured by the Collateral on a pari passu basis with the Obligations and is not secured by any property or assets of Holdings and its Subsidiaries other than the Collateral, (ii) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness in respect of Term Loans, (iii) such Indebtedness does not mature prior to the Maturity Date of the Refinanced Debt and such Indebtedness shall have a Weighted Average Life to Maturity that is not shorter than the Refinanced Debt, (iv) to the extent applicable, the security agreements relating to such Indebtedness are substantially the same as the Security Documents (with such differences as are reasonably satisfactory to the Administrative Agent), (v) no Restricted Subsidiary guarantees such Indebtedness unless it is a Subsidiary Guarantor (or becomes a Subsidiary Guarantor substantially concurrently with the incurrence of such Indebtedness); provided that, if, at any time, such Restricted Subsidiary ceases to be a Guarantor, it shall not guarantee such Indebtedness, (vi) the other terms and conditions of such Indebtedness (excluding pricing, fees, rate floors, premiums, optional prepayment or optional redemption provisions) reflect market terms and conditions at the time of incurrence and issuance; provided, that, to the extent such terms and documentation are not substantially identical to the Indebtedness being refinanced, (x) such terms (taken as a whole) shall be less favorable to the providers of such Permitted First Priority Refinancing Debt than those applicable to the Indebtedness being refinanced, except, in each case, for financial or other covenants or other provisions contained in such Indebtedness that are applicable only after the then Latest Maturity Date, or (y) such documentation shall be reasonably acceptable to the Administrative Agent and (vii) a Senior Representative acting on behalf of the holders of such Indebtedness shall have become party to a Pari Passu Intercreditor Agreement and the Administrative Agent shall have become a party to the Pari Passu Intercreditor Agreement (or any then-existing Pari Passu Intercreditor Agreement shall have been amended or replaced in a manner reasonably acceptable to the Administrative Agent, which results in such Senior Representative having rights to share in the Collateral as provided in clause (i) above). Permitted First Priority Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Debt Financing has the meaning set forth in Section 5.7.

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;