US Facility Loans definition

US Facility Loans the collective reference to the Term Loans, the U.S. Revolving Credit Loans and the Swing Line Loans.
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US Facility Loans means any borrowing pursuant to a US Facility Advance under the US Facility in accordance with the terms of Section 2.01 hereof.
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US Facility Loans means Loans, both US Facility Base Rate Loans and Eurodollar Rate Loans, made by the US Facility Lenders pursuant to Article II hereof.
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Examples of US Facility Loans in a sentence

  • If at any time the sum of (x) the aggregate principal balance of all US Facility Loans plus (y) the US LC Obligations exceeds the US Facility Commitments, the US Borrowers shall, on the sooner of Agent’s demand or the first Business Day after the Administrative Borrower has knowledge thereof, repay its outstanding US Facility Loans (or Cash Collateralize its US Letters of Credit) in an amount sufficient to reduce such excess to zero.

  • Partial prepayments of the U.S. Facility Loans (other than Swing Line Loans) shall be in an aggregate principal amount of U.S.$250,000 or a whole multiple of U.S.$100,000 in excess thereof (or in such lower amount as may be then outstanding).

  • Accordingly, pursuant to Bankruptcy Rule 3019, such modifications do not require additional disclosure under Section 1125 of the Bankruptcy Code or re-solicitation of votes under Section 1126 of the Bankruptcy Code, nor do they require that holders of Claims be afforded an opportunity to change previously cast acceptances or rejections of the Plan.

  • Each Borrowing of US Facility Loans shall be funded by US Facility Lenders on a Pro Rata basis.

  • US Borrowers shall be jointly and severally liable to pay all of the US Facility Loans.

  • The US Facility Loans shall be repaid in accordance with the terms of this Agreement.

  • The proceeds of the US Facility Loans made pursuant to the US Facility hereunder shall be used by the US Facility Borrowers to finance capital expenditures and Permitted Acquisitions and for other working capital and other lawful corporate purposes of the Parent and its Subsidiaries.

  • In addition, interest accrued on the (1) Multicurrency Facility Loans shall be due and payable in arrears on the Multicurrency Facility Commitment Termination Date and (2) US Facility Loans shall be due and payable in arrears on the US Facility Commitment Termination Date.

  • All prepayments of US Facility Loans made by the US Facility Borrower shall be in the amount of (i) US $10,000,000, or (ii) such greater amount which is an integral multiple of US $1,000,000, or (iii) the amount equal to all US Facility Outstandings, or (iv) such other amount as necessary to comply with Section 2.01(a) or 2.07.

  • The Participant Register shall be available for inspection by the Borrowers and the Agent only to the extent necessary to establish that the U.S. Facility Loans are in registered form for United States of America income tax purposes.


More Definitions of US Facility Loans

US Facility Loans and “US Facility Commitments” shall be deemed a reference to the New US Facility Loans and New US Facility Commitments, respectively, contemplated hereby and shall replace the “US Facility Loans” (as defined in the Existing ABL Credit Agreement) and the “US Facility Commitments” (as defined in the Existing ABL Credit Agreement) made by the “US Facility Lenders” (as defined in the Existing ABL Credit Agreement) prior to the Fourth Amendment Effective Date and (b) “Multicurrency Facility Loans” and “Multicurrency Facility Commitments” shall be deemed a reference to the New Multicurrency Facility Loans and the New Multicurrency Facility Commitments, respectively, contemplated hereby and shall replace the “Multicurrency Facility Loans” (as defined in the Existing ABL Credit Agreement) and “Multicurrency Facility Commitments” (as defined in the Existing ABL Credit Agreement) made by the “Multicurrency Facility Lenders” (as defined in the Existing ABL Credit Agreement) prior to the Fourth Amendment Effective Date.
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US Facility Loans means any borrowing pursuant to a US Facility Advance under the US Facility in accordance with the terms of SECTION 2.01 or 2.13 hereof.
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Related to US Facility Loans

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Revolving Credit Loans as defined in Section 2.1.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Revolving Credit Advances means advances of principal on the Revolving Credit Loan by the Bank under the terms of this Loan Agreement to the Borrower during the term of the Revolving Credit Loan pursuant to Section 3.1.

  • Canadian Revolving Loans means Revolving Loans made to the Canadian Borrower under Section 2.2, including Bankers’ Acceptance Advances.

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $50,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Swingline Loans as defined in Section 2.6.

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender of any Class, the percentage of the total Revolving Facility Commitments of such Class represented by such Lender’s Revolving Facility Commitment of such Class. If the Revolving Facility Commitments of such Class have terminated or expired, the Revolving Facility Percentages of such Class shall be determined based upon the Revolving Facility Commitments of such Class most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • New Revolving Loans as defined in Section 2.25.

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Revolving Advances means Advances made other than Letters of Credit.