Subordinated Credit Facility definition

Subordinated Credit Facility has the meaning set forth in the General Resolution.
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Subordinated Credit Facility means a letter of credit, revolving credit agreement, standby purchase agreement, surety bond, insurance policy or similar obligation, arrangement or instrument issued by a bank, insurance company or other financial institution which (i) provides for payment of all or a portion of the principal of or interest on any Subordinated Indebtedness, (ii) provides funds for the purchase of any Bonds or Subordinated Indebtedness, or any portion of any thereof, or (iii) secures the payment by the Authority of its obligations under a Financial Contract relating to Bonds or Subordinated Indebtedness.
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Subordinated Credit Facility means the Subordinated Loan Agreement, dated as of October 30, 1998, among the Company, HET and HOC, together with any related documents, as such agreement may be amended, supplemented or modified from time to time.
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Examples of Subordinated Credit Facility in a sentence

  • The principal and interest shall not be payable prior to May 5, 2005, and, from that date, shall only be payable in the event that the Company has monies on hand which it shall not be required to pay or retain to avoid default under the terms and conditions of the Junior Bridge Credit Facility and the Sponsors Subordinated Credit Facility.

  • In giving instructions, Contractor agrees that the District shall have authority to make minor changes in work, not involving change in cost, and not inconsistent with the purposes or approvals of the project.

  • The Board of Directors consists of three physical persons and one legal entity, which has respectively appointed a physical person as its representative.

  • Both the Sponsors Subordinated Credit Facility and the Subordinated Convertible Debenture are not currently payable obligations and contain provisions for the conversion of amounts outstanding into common shares of the Company.

  • Both the Subordinated Credit Facility and the Subordinated Convertible Debenture are not currently payable obligations and contain provisions for the conversion of amounts outstanding into common shares of the Company.

  • The Company and a Canadian chartered bank have agreed in principle regarding the establishment of a non-revolving term subordinated credit facility which will be used to refinance amounts outstanding under the Sponsors Subordinated Credit Facility on or about the completion of this offering.

  • The Bonds offered hereby are Obligation Bonds, representing direct obligations of the Company, and the net proceeds from this offering will be used primarily to repay a portion of the indebtedness under the Sponsors Subordinated Credit Facility which is secured by one of the Series of such Pledged Bonds.

  • The net proceeds from this offering after deducting the Underwriters’ fee and estimated expenses of this offering will be used to repay a portion of the outstanding indebtedness under the Sponsors Subordinated Credit Facility.

  • In June 2019, SFS entered into the Subordinated Credit Facility with SMFS as borrower and SCM as guarantor, pursuant to which SFS provided SMFS with the Subordinated Loan, of which S$1.5 billion has been drawn down by the SCM Group as at the date of this Announcement.

  • Gearing As atAs at31 December30 June20192020Before the Rights Issue Total net borrowings (S$’ million)(1) 4,011.54,220.2Total equity (S$’ million) 2,206.82,014.4Net gearing (times)(2) 1.82x2.10xAfter the Rights Issue Total net borrowings (S$’ million) 1,928.02,136.7Total equity (S$’ million) 4,290.34,097.9Net gearing (times)(2) 0.45x0.52xNotes: (1) Including the S$1.5 billion principal amount outstanding under the Subordinated Credit Facility.


More Definitions of Subordinated Credit Facility

Subordinated Credit Facility has the meaning assigned to such term in the Student Loan Purchase Agreement[s].]76
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Subordinated Credit Facility. Subordinated Credit Facility" shall mean that certain Subordinated Loan Agreement entered into by and among the Company, HET and HOCI, pursuant to Section 6.2(i) of the Plan, pursuant to which HET and HOCI shall loan to the Company an original principal amount not to exceed Twenty Two Million Five Hundred Thousand Dollars ($22,500,000).
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Subordinated Credit Facility means the credit agreement (the "Subordinated Credit Agreement"), dated as of _________, 1998, among the Company, the Parent Guarantor, HET and HOC, together with any related documents, as such agreement may be amended, supplemented or modified from time to time.
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Subordinated Credit Facility means a subordinated credit facility of the Purchaser evidenced by a revolving credit agreement substantially in the form attached hereto as Attachment F.
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Subordinated Credit Facility means that certain Loan Agreement dated as of April 30, 2001 by and among the Borrower, the lenders party thereto and DDJ, as agent for the subordinated lenders.
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Subordinated Credit Facility means the note purchase agreement dated as of October 30, 2002 by and among Arizona Mail Order Company, Inc., PC Flowers & Gifts.com LLC, Figi's, Inc., LM&B Catalog, Inc., Figi's Business Servxxxx, Xxx., Figi's Mail Order Gifts, Inc., Monterey Bay Clothing Company, Inc., and Bedford Fair Apparel, Inc. as borrowers, the Company, as guarantor, CapitalSource, as agent, and the other lenders from time to time party thereto, as amended.
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Related to Subordinated Credit Facility

  • 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 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 Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • Principal Credit Facility means any loan agreement, credit agreement, note purchase agreement, indenture or similar document under which credit facilities in the aggregate original principal or commitment amount of at least $20,000,000 are provided for.

  • New Credit Facility is defined in Section 9.8.

  • ABL Credit Agreement as defined in the recitals hereto.

  • Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • 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.

  • Debt Facility means one or more debt facilities 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 any credit or other agreement or indenture).

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Subordinated Loan Agreement means any loan agreement made or to be made between (i) any Borrower and (ii) a Subordinated Creditor.

  • Existing Credit Facility means the credit facility evidenced by that certain Credit Agreement, dated as of October 26, 2006, by and among the Borrower, the lenders party thereto, and JPMCB, as administrative agent, as amended.

  • Subordinated Debt Documents means all agreements (including without limitation intercreditor agreements, instruments and other documents) pursuant to which Subordinated Debt has been or will be issued or otherwise setting forth the terms of any Subordinated Debt.