SpinCo Credit Facility definition

SpinCo Credit Facility means the Credit Agreement to be entered into by and among SpinCo, as borrower, certain subsidiaries of SpinCo, identified therein, as guarantors, a nationally recognized banking institution, and the lenders party thereto.

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SpinCo Credit Facility means (a) the definitive agreements with respect to the amendment, amendment and restatement or modification, dated at or prior to the Effective Time, of that certain Second Amended and Restated Senior Secured Credit Agreement, dated as of June 30, 2017, among DevCo, SpinCo OP, and AIMCO/Bethesda as borrowers, the lenders party thereto from time to time and KeyBank National Association, as administrative agent, swing line lender and letter of credit issuer (the “Historical Credit Facility”) (and in the case of an amendment and/or modification without an amendment and restatement, the definitive documents with respect to the Historical Credit Facility) or (b) the definitive agreements with respect to the refinancing of the Historical Credit Facility, in each case (clauses (a) and (b)), to which certain members of the SpinCo Group are party.

SpinCo Credit Facility means a secured or unsecured credit facility to be entered into prior to the Distribution and in connection with the Separation, by and among SpinCo, as borrower, an administrative agent, certain arrangers and each of the financial institutions from time to time party thereto, providing for a revolving credit facility in such amount as shall have been agreed by Parent.

Examples of SpinCo Credit Facility in a sentence

Each of KAR and SpinCo shall cooperate in the preparation of all materials as may be necessary or advisable to effect the SpinCo Credit Facility and the SpinCo Notes.
SpinCo shall borrow a principal amount of $800.0 million Dollars under the SpinCo Credit Facility and issue SpinCo Notes in an aggregate principal amount of $500.0 million Dollars and, subject to the availability of sufficient surplus and satisfaction of all other requirements under Delaware law, prior to the Effective Time, SpinCo shall use a portion of the proceeds from the SpinCo Credit Facility and the SpinCo Notes to make the Cash Distribution.
RemainCo and SpinCo shall participate in the preparation of all materials and presentations as may be reasonably necessary to secure funding pursuant to the SpinCo Credit Facility, including any marketing efforts or road shows related thereto.
The Internal Distribution and the Second Contribution shall have been completed in accordance with the Restructuring Steps Memorandum and RemainCo shall be satisfied in its sole discretion that, as of the Effective Time, it shall have no further Liability whatsoever under the SpinCo Credit Facility (including in connection with any guarantees provided by any member of the RemainCo Group).
Prior to the Distribution Date, EESLP shall enter into the SpinCo Credit Facility, on such terms and conditions as agreed by RemainCo (including the amounts, if any, that shall be borrowed or incurred, as applicable, pursuant to the SpinCo Credit Facility and the respective interest rates for such amounts).
SpinCo shall borrow a principal amount of $ 800.0 million Dollars under the SpinCo Credit Facility and issue SpinCo Notes in an aggregate principal amount of $500.0 million Dollars and, subject to the availability of sufficient surplus and satisfaction of all other requirements under Delaware law, prior to the Effective Time, SpinCo shall use a portion of the proceeds from the SpinCo Credit Facility and the SpinCo Notes to make the Cash Distribution.
SpinCo shall borrow a principal amount of [●] Dollars ($[●]) under the SpinCo Credit Facility and issue SpinCo Notes in an aggregate principal amount of [●] Dollars ($[●]) and, subject to the availability of sufficient surplus and satisfaction of all other requirements under Delaware law, prior to the Effective Time, SpinCo shall use a portion of the proceeds from the SpinCo Credit Facility and the SpinCo Notes to make the Cash Distribution.

More Definitions of SpinCo Credit Facility

SpinCo Credit Facility means, collectively, the revolving and term loan B credit facilities proposed to be made available to Spinco in connection with the consummation of the Proposed Spin-Off Transaction by JPMorgan, as the administrative agent, and the other institutions from time to time parties thereto as lenders.

SpinCo Credit Facility means the senior secured credit facility to be entered into by (a) Spinco on or about the Execution Date and (b) certain of its Subsidiaries on or about the Closing Date.

SpinCo Credit Facility means the $680 million revolving credit facility and $245 million term loan to be established pursuant to an amended and restated credit agreement entered into on [ · ], 2015 by EESLP, as borrower, SpinCo, ▇▇▇▇▇ Fargo Bank, National Association, as administrative agent, and the lenders named therein, on such terms and conditions as agreed to by SpinCo and the other parties to such credit agreement.

SpinCo Credit Facility means the senior secured credit facility to be entered into by (a) Spinco on or about the Execution Date and