Subordinated Bridge Facility definition

Subordinated Bridge Facility means the subordinated bridge facility made available to the Parent pursuant to the Subordinated Bridge Facility Agreement.
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Subordinated Bridge Facility means the subordinated bridge facility made or to be made available to the Parent by the Subordinated Bridge Lenders pursuant to the Subordinated Bridge Facility Agreement.
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Subordinated Bridge Facility means a senior subordinated bridge facility in an aggregate principal amount of up to $350,000,000 incurred in connection with the Xxxx Xxxxxxxxxx and/or the Xxxx Acquisition.
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Examples of Subordinated Bridge Facility in a sentence

  • In addition, our commitment hereunder to provide and arrange the Senior Subordinated Bridge Facility will terminate upon, and to the extent of, the issuance of the Senior Subordinated Notes or the Securities (as defined in the Fee Letter) in lieu thereof.

  • Citi will act as lead arranger and bookrunner for the Senior Subordinated Bridge Facility, and will perform the duties customarily associated with such roles (together with any Additional Lead Arrangers appointed in accordance with the terms set forth in the Commitment Letter (if any), the “Lead Bridge Arrangers”).

  • Each of Citi, MLPFS, Barclays, CS Securities and HSBC Securities will act as a lead arranger and a bookrunner for the Senior Subordinated Bridge Facility, and will perform the duties customarily associated with such roles (in such capacities, the “Lead Bridge Arrangers”).

  • With immediate effect, the Secured Creditors hereby waive the provisions of clause 3.1 ( Obligors/HY Guarantors/FRN Guarantors/Subordinated Bridge Guarantors) of the Principal Intercreditor Deed to permit the prepayment of the Subordinated Bridge Issuer Debt arising under the Subordinated Bridge Facility in accordance with the Refinancing Steps Memorandum.

  • All notices required to be delivered under the Subordinated Bridge Facility Agreement to effect the repayment and cancellation of the Subordinated Bridge Facility Agreement on the Third Supplemental Effective Date.

  • Bell Canada Enterprises Management proxy circular Table of Contents Senior Subordinated Notes are issued, the Purchaser does not expect to avail itself of the Senior Bridge Facility and Senior Subordinated Bridge Facility.

  • In connection with the foregoing, each of GSCP and JPMCB is pleased to advise you of its commitment to provide 50% of each of the Revolving Facility, the Synthetic L/C Facility, the Term Facility, the Senior Subordinated Bridge Facility and the Senior Bridge Facility, in each case upon the terms and subject to the conditions set forth or referred to in this Commitment Letter.

  • Joint Lead Arrangers and Joint Bookrunners: Citi will act as lead arranger and bookrunner for the Senior Subordinated Bridge Facility, and will perform the duties customarily associated with such roles (together with any Additional Lead Arrangers appointed in accordance with the terms set forth in the Commitment Letter (if any), the “Lead Bridge Arrangers”).

  • New negative covenant to reference the documentation in connection with the Subordinated Bridge Facility (and any refinancing of the same).

  • The obligations of each Subsidiary Guarantor under the Guarantee and Collateral Agreement constitute "Guarantor Senior Indebtedness" of such Subsidiary Guarantor under and as defined in the Subordinated Bridge Facility and the Senior Subordinated Note Indenture.


More Definitions of Subordinated Bridge Facility

Subordinated Bridge Facility means (a) the borrowing facility made available pursuant to the Subordinated Promissory Note dated July 22, 1998, between the Borrower and an Affiliate of the Sponsor, the material terms of which shall be in the form previously approved by the Administrative Agent, and (b) any amendment, replacement or refinancing thereof having terms not materially less advantageous to the interests of the Lenders than the terms contemplated by the definition of the term "Subordinated Notes", PROVIDED that any such amendment, replacement or refinancing shall bear a rate of interest determined by the Board of Directors of the Borrower to be a market rate of interest at the date of such amendment, replacement or refinancing and have other terms customary for similar issuances under similar market conditions or otherwise be on terms reasonably acceptable to the Administrative Agent.
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Subordinated Bridge Facility the collective reference to (i) the Senior Subordinated Credit Agreement, dated as of the date hereof, among the Borrower, the lenders from time to time parties thereto and Chase, as administrative agent for such lenders, together with the Indenture referred to therein, and (ii) any other document governing Indebtedness (other than the Senior Subordinated Notes) incurred pursuant to Section 7.2(f)(i)(A)(y).
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Subordinated Bridge Facility means the $30,000,000 unsecured subordinated bridge loan facility made available to the Borrower under the Senior Subordinated Credit Agreement dated as of March 31, 1999 among the Borrower, as borrower thereunder, the lenders listed therein and Fleet Corporate Finance, Inc., as lead arranger and administrative agent.
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Subordinated Bridge Facility means that certain subordinated Funded ---------------------------- Debt issued by the Borrower on the Agreement Date in the aggregate original principal amount of $175,000,000, which Funded Debt is evidenced by and subject to terms and conditions of the Subordinated Bridge Facility Documents.
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Related to Subordinated Bridge Facility

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

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

  • Subordinated Indebtedness Documents means any document, agreement or instrument evidencing any Subordinated Indebtedness or entered into in connection with any Subordinated Indebtedness.

  • Credit Agreement Refinancing Indebtedness means (a) Permitted First Priority Refinancing Debt, (b) Permitted Junior Priority Refinancing Debt or (c) Permitted Unsecured Refinancing Debt, in each case, issued, incurred or otherwise obtained (including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace, repurchase, retire or refinance, in whole or part, existing Term Loans, or any then-existing Credit Agreement Refinancing Indebtedness (“Refinanced Debt”); provided that (i) such Indebtedness has a maturity no earlier, and a Weighted Average Life to Maturity equal to or greater, than 91 days after the Latest Maturity Date at the time such Indebtedness is incurred, (ii) such Indebtedness shall not have a greater principal amount (or accreted value, if applicable) than the principal amount (or accreted value, if applicable) of the Refinanced Debt plus accrued interest, fees, premiums (if any) and penalties thereon and reasonable fees and expenses associated with the refinancing, (iii) the terms and conditions of such Indebtedness (except as otherwise provided in clause (ii) above and with respect to pricing, rate floors, discounts, premiums and optional prepayment or redemption terms) are substantially identical to, or (taken as a whole) are no more favorable to the lenders or holders providing such Indebtedness, than those applicable to the Refinanced Debt being refinanced (except for covenants or other provisions applicable only to periods after the Latest Maturity Date at the time of incurrence of such Indebtedness) (provided that a certificate of a Responsible Officer delivered to the Agent at least five (5) Business Days prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the Parent Borrower has determined in good faith that such terms and conditions satisfy the requirement of this clause (iii) shall be conclusive evidence that such terms and conditions satisfy such requirement unless the Agent notifies the Parent Borrower within such five (5) Business Day period that it disagrees with such determination (including a description of the basis upon which it disagrees)), and (iv) such Refinanced Debt shall be repaid, repurchased, retired, defeased or satisfied and discharged, and all accrued interest, fees, premiums (if any) and penalties in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained.

  • 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.

  • Subordinated Debt Documents means any documents evidencing and/or securing Debt governed by a Subordination Agreement, all of which documents must be in form and substance acceptable to Agent in its sole discretion. As of the Closing Date, there are no Subordinated Debt Documents.

  • Senior Credit Facilities means the Credit Facilities entered into as of the Measurement Date by and among the Issuer, Holdings III, the lenders party thereto in their capacities as lenders thereunder and Citibank, N.A., 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).

  • Senior Secured Credit Facilities means the revolving credit facility and other credit facilities under the Credit Agreement, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings, refinancings or replacements thereof and any one or more indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund, supplement 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) or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, trustee, lender or group of lenders or holders.

  • Subordinated Debt is indebtedness incurred by Borrower subordinated to all of Borrower’s now or hereafter indebtedness to Bank (pursuant to a subordination, intercreditor, or other similar agreement in form and substance satisfactory to Bank entered into between Bank and the other creditor), on terms acceptable to Bank.

  • 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.

  • 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.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Subordinated Loan Agreement means a binding agreement with a Subordinated Debt Provider providing unsecured debt financing for the benefit of the Energy Complex and on terms and conditions that shall satisfy the requirements of the Financing Documents.

  • Second Lien Notes Documents means the Second Lien Notes Indenture, the Second Lien Notes and all other agreements, instruments and other documents pursuant to which the Second Lien Notes have been or will be issued or otherwise setting forth the terms of the Second Lien Notes.

  • Debt Facilities means one or more debt facilities (including, without limitation, the Credit Agreement) or commercial paper facilities 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 or issuances of debt securities evidenced by notes, debentures, bonds or similar instruments, in each case, as amended, restated, modified, renewed, refunded, replaced or refinanced (including by means of sales of debt securities) in whole or in part from time to time (and whether or not with the original administrative agent, lenders or trustee or another administrative agent or agents, other lenders or trustee and whether provided under the original Credit Agreement or any other credit or other agreement or indenture).

  • Senior Secured Credit Facility means the Loan and Security Agreement, dated as of May 31, 2017 by and among the Company and Western Alliance Bank (as amended, amended and restated, supplemented or otherwise modified from time to time, subject to the limitations herein).

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • Subordinated Indebtedness means any Indebtedness of the Borrower or any Subsidiary the payment of which is subordinated in right to the Loan Obligations.

  • Subordinated Loan Documents means the Subordinated Credit Agreement, the promissory notes executed and delivered pursuant to the Subordinated Credit Agreement, and each other agreement, instrument, or document executed by the Borrower or any of its Subsidiaries or any of their Responsible Officers in connection with the Subordinated Credit Agreement.

  • Exit Facility means a credit facility that will be entered into by the City, the Exit Facility Agent and the other financial institutions party thereto on the Effective Date on substantially the terms set forth on Exhibit I.A.119.

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Senior Subordinated Indebtedness means the Securities and any other Indebtedness of the Company that specifically provides that such Indebtedness is to rank pari passu with the Securities in right of payment and is not subordinated by its terms in right of payment to any Indebtedness or other obligation of the Company which is not Senior Indebtedness.

  • Additional Senior Debt Facility means each credit agreement, indenture or other governing agreement with respect to any Additional Senior Debt.

  • Second Lien Indebtedness means the Indebtedness of the Loan Parties owing to the Second Lien Agent and the Second Lien Lenders under the Second Lien Credit Agreement, which Indebtedness is on terms and conditions reasonably acceptable to the Collateral Agent.

  • Subordinated Note Documents means the Subordinated Notes, the Subordinated Note Purchase Agreement, the “Fee Letter” under and as defined in the Subordinated Note Purchase Agreement and any other Note Document (as defined in the Subordinated Note Purchase Agreement).