Supplemental Credit Facility definition

Supplemental Credit Facility the $40,000,000 credit facility to be provided to the Borrower pursuant to the Supplemental Credit Facility Documentation, and any refinancings, renewals, or extensions thereof (without any increase in the principal amount thereof or any shortening of the maturity of any principal amount thereof).

Supplemental Credit Facility means a credit facility, agreement or arrangement in addition to the Letter of Credit, including, without limitation, a bond insurance policy, collateral arrangement, surety bond, standby placement agreement or similar arrangement the purpose of which is to enhance the credit of the Project Bonds in order to obtain or maintain a rating on the Project Bonds.

Supplemental Credit Facility means the secured revolving line of credit provided by Lenders to Borrowers consisting of the Supplemental Loans as provided for hereunder and under the other Financing Agreements.

Examples of Supplemental Credit Facility in a sentence

• In the case of loans, advances or extensions of credit for the issuance of an Advance Payment Guaranty under the Supplemental Credit Facility or the Selas SAS Facility, any amount required to be paid in U.S. Dollars may be converted and made available in Euros at the applicable conversion rate for Euros on the date of such advance as determined by the Bank.

• The outstanding principal balance of each loan or advance under the Supplemental Credit Facility (excluding fees for the issuance of Advance Payment Guarantees) shall accrue interest at the LIBOR Market Index Rate plus 325 basis points (3.25%), payable by the Borrower on the first day of each month in arrears and on the Supplemental Credit Facility Maturity Date.

• The proceeds of any Selas SAS Transfer Event shall, in all events, be applied in the following order: (i) first, to pay and satisfy in full the entire outstanding balance of the Overdraft Facility (together with accrued interest and fees thereon); (ii) second, to pay and satisfy in full the outstanding balance of the Supplemental Credit Facility (together with accrued interest and fees thereon), if any; and (iii) third, to repay any loans or advances made by the Borrower to Selas SAS.

• Upon and following the Supplemental Credit Facility Payment Date, and provided that no Event of Default or Default has occurred hereunder, interest on the outstanding principal of each Singapore Dollar Loan shall accrue at the Singapore Dollar Offer Rate for such Singapore Dollar Loan plus 200 basis points (2.00%).

• As discussed in Note 8 of the consolidated financial statements, the Operating Partnership amended and extended the Supplemental Credit Facility on February 15, 2018.The changes in consolidated mortgages and unsecured indebtedness for the years ended December 31, 2017, 2016 and 2015 are as follows: 2017 2016 2015Balance, Beginning of Year..............................

More Definitions of Supplemental Credit Facility

Supplemental Credit Facility means that certain Senior Credit Facility described in a commitment letter from The First National Bank of Chicago dated October 15, 1997, as lead agent and a lender, to the Company setting forth a commitment for up to $115.0 of revolving credit borrowings, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, modified, renewed, refunded, replaced or refinanced from time to time, to which Facility the Company may elect to enter convert the Senior Credit Facility (in which case, all references in this Indenture to the "Senior Credit Facility," from and after the date of such election by the Company, shall be deemed to refer to the Supplemental Credit Facility).

Supplemental Credit Facility shall be amended by replacing the reference therein to “Facility Termination Date” with a reference to “Extended Termination Date”.

Supplemental Credit Facility shall have the meaning given to such term in Section 2.1.1 hereof.

Supplemental Credit Facility means the $25,000,000 credit facility extended by Parent to Borrower pursuant to the Supplemental Loan Agreement.

Supplemental Credit Facility means , at any applicable time, an amount in excess of Formula Availability equal to the lesser of (i) the sum of (A) the aggregate oustanding and undrawn face amount of each and every Xxxxxxxx Letter of Credit in the possession of Agent at such time (x) as to which the original expiration date thereof is not less than one hundred and eighty (180) days from the date of issuance thereof, (y) Agent has not received a notice from the issuer thereof that the then current expiration date of such Xxxxxxxx Letter of Credit will not be extended beyond its then current expiration date and (z) as to which the then current expiration date thereof at such time is not less than the longer of sixty (60) days after such time or thirty (30) days after the last expiration date of any then outstanding and undrawn Supplier Letter of Credit at such time, unless, prior to such current expiration date of the applicable Xxxxxxxx Letter of Credit, Agent receives (and is in possession of ) a written amendment thereto from the issuer thereof that the then current expiration date of such Xxxxxxxx Letter of Credit is extended for not less than one hundred and eighty (180) days from its then current expiration date, plus (B) the aggregate amount of each and every Funded Junior Participation at such time, or (ii) $50,000,000.

Supplemental Credit Facility means any revolving credit facility, term loan facility, letter of credit facility and/or any combination of any of the foregoing entered into by the Borrower (other than any such facility entered into as permitted by Section 6.20(b) hereof); provided that (i) no such facility shall contain any covenant, representation, warranty, event of default, mandatory prepayment provision or any other measure of financial performance that is not included in this Agreement or that would be more onerous or restrictive on the Borrower or its Subsidiaries than the analogous provision contained in this Agreement and (ii) no such facility shall require the Borrower to make any regularly scheduled prepayment or amortization or require a reduction of the commitments under such facility prior to the Facility Termination Date. For purposes hereof, the amount of any Supplemental Credit Facility shall be the higher of the aggregate amount of extensions thereunder and the aggregate amount of the commitments to provide extensions thereunder.

Supplemental Credit Facility shall have the meaning ascribed to such term in paragraph 8(a) hereof. (xiv) "Supplemental Credit Facility Termination Date" shall mean the earlier of (A) the date on which Lender elects to cease making loans or extending Letter of Credit Accommodations pursuant to Section 10.2(d) of the Loan Agreement, subject to Section 6 hereof, or (B) the termination of the Junior Participation Agreement, or (C) March 5, 1998. (xv) "Supplemental Obligations" shall mean all Obligations now and hereafter owed by Borrower to Lender pursuant to the Supplemental Credit Facility, including, but not limited to, principal, interest, fees, costs, expenses and other charges with respect thereto. (b)