Examples of Unsecured Credit Facility in a sentence
Amounts outstanding under the Unsecured Credit Facility bear interest at LIBOR plus an applicable margin rate.
The proceeds from the offering were used to repay in full the amount outstanding under the Company's Unsecured Credit Facility due 2006, to repay maturing indebtedness on the Company's 9.49% Senior Notes due 2006, and for general corporate purposes.
As used herein, "Excluded Financings" shall mean (i) the $150 million credit facility entered into between the Company and Chase Manhattan Bank, (ii) the equity investment made by Ralpx X Xxxxx, XX xx the Company in the amount of $50 million, (iii) the $50 million Senior Unsecured Credit Facility provided by The Chase Manhattan Bank and (iv) up to $50,000,000 of additional financing referred to in Section 16 of Amendment No. 3 to the Merger Agreement.
This amendment was for the purpose of conforming the financial covenants in the Unsecured Term Loan to those in the amendment to the Unsecured Credit Facility.
The Canadian dollar-denominated borrowings under the Unsecured Credit facility were valued based on Level 3 data which consisted of a one-month Canadian Dollar Offered Rate swap rate coterminous with the maturity of the Unsecured Credit Facility plus a spread consistent with current market conditions.