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

  • Upon a change of control (as defined in the Subordinated Credit Facility), SEC will be required to offer to repurchase the Subordinated Credit Facility indebtedness at a purchase price equal to 101% of the principal amount thereof, plus accrued interest thereon to the date of repurchase.

  • The Subordinated Credit Facility will mature in 2006 and will be redeemable at the option of SEC at any time after closing.

  • Proceeds of the Subordinated Credit Facility will be used to finance the Offer, to refinance certain existing indebtedness of SEC and Essex International and to pay related fees and expenses.

  • Concurrently with the closing of the Senior Credit Facility, SEC will also enter into the $200,000,000 Subordinated Credit Facility.

  • The Subordinated Credit Facility will be guaranteed by certain subsidiaries of Superior (including Essex), on a joint and several basis.

  • On August 1, 2006, the LLC also repaid all outstanding debt under its Senior Credit Facility and Subordinated Credit Facility (approximately $62.6 million).On August 1, 2006, Linn acquired the Combined Company for a preliminary aggregate purchase price of approximately $293.3 million.

  • On or before the Effective Date, JCC and HET (or an Affiliate of HET) shall execute and deliver the Junior Subordinated Loan Documents pursuant to which JCC shall obtain the Junior Subordinated Credit Facility.

  • If safe to do so, move the injured party to a safe location.Organise medical assistance.

  • The Company shall, if required by the terms of the Subordinated Credit Facility, defer payments of interest thereunder in accordance with the terms of the Subordinated Credit Facility.

  • Neither Borrower nor any of its Subsidiaries will engage in any material transaction with any of its Affiliates on terms which are less favorable to it than those which would have been obtainable at the time in arm’s-length dealing with Persons other than such Affiliates, provided that such restriction shall not apply to (a) transactions among Borrower and its wholly owned Subsidiaries or (b) the Borrower’s entering into the Permitted 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 means 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 Subordinated Loan Agreement, dated as of ___________, 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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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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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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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, collectively, the Senior ABL Facility and the Senior Term Facility.

  • ABL Credit Facility means the senior secured asset-based revolving loan facility and the term loan facilities made pursuant to the ABL Credit Agreement.

  • Senior Credit Agreement has the meaning specified therefor in the Recitals hereto.

  • 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).

  • Senior Secured Credit Facilities means the amended and restated senior secured credit facilities dated November 30, 2016 among Studio City Company Limited, the guarantors named therein, the financial institutions named as lenders therein and the agent for such lenders, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, as such facilities may be amended, restated, modified, renewed, supplemented, replaced or refinanced from time to time.

  • 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.

  • Second Lien Credit Agreement means that certain Second Lien Credit Agreement, dated as of December 30, 2020, among Vine Energy Holdings LLC, as borrower, the lenders from time to time party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc. as Administrative Agent (as defined therein) and Collateral Agent (as defined therein), as further amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • 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 at any time the agreements and other documents then governing the Subordinated Indebtedness.

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

  • 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 Lenders means the holders of Subordinated Debt.

  • First Lien Credit Agreement means the Credit Agreement, dated as of the Closing Date, among Holdings, the Borrower, the guarantors party thereto, the lenders party thereto, the other parties from time to time party thereto, and the First Lien Administrative Agent.

  • Subordinated Loan Agreement means the subordinated loan agreement dated on or about the Closing Date, as amended from time to time, and entered into by, amongst others, the Issuer, the Subordinated Lender and the Security Trustee, under which the Subordinated Lender will advance (or has advanced) the Subordinated Loan to the Issuer.

  • 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 Secured Credit Agreement means that certain Credit Agreement, dated as of September 27, 2018, among the Borrowers, the lenders from time to time party thereto, JPMCB as administrative agent, JPMCB as collateral agent, and the other parties thereto, as amended, restated, amended, restated, extended, supplemented, refinanced or otherwise modified from time to time.

  • Additional Credit Facilities means any credit facilities added pursuant to Sections 2.22, 2.23 or 9.02(c).

  • Existing ABL Credit Agreement means that certain ABL credit agreement, dated as of April 19, 2013, among Petco Animal Supplies, Inc., the lenders party thereto, Bank of America, N.A., (as successor to Credit Suisse AG) as administrative agent, Xxxxx Fargo Bank, National Association, as collateral agent, and the subsidiaries of Petco Animal Supplies, Inc. from time to time party thereto, as amended by that certain First Amendment to the ABL Credit Agreement, dated as of November 21, 2014.

  • 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 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.