Examples of Xxxxxx Credit Facility in a sentence
The termination date for the Xxxxxx Credit Facility is May 19, 2010, at which time any outstanding principal balance becomes due.
The Subsidiary Guarantees shall in all respects rank pari passu with all other Guarantor Senior Subordinated Indebtedness of a Guarantor other than that related to the XX Xxxxxx Credit Facility, and only Indebtedness of a Guarantor which is Guarantor Senior Indebtedness will rank senior to the Securities and the Subsidiary Guarantees in accordance with the provisions set forth herein.
The Company will not, directly or indirectly, Incur, or suffer to exist, any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities and subordinate in right of payment to any other Indebtedness of the Company other than the XX Xxxxxx Credit Facility.
In the event that the closing of the La Xxxxxx Credit Facility has not occurred or the Administrative Agent has not received a fully executed copy of the La Xxxxxx Management Agreement, certified by a Responsible Officer of MAPCO Express, MAPCO Express shall have deposited $9,000,000 in an escrow account subject to the Escrow Agreement and the Administrative Agent shall have received the Escrow Agreement, executed and delivered by a duly authorized officer of MAPCO Express and the escrow agent thereunder.
Use the proceeds of the (a) Line A Loans to (i) retire all obligations of Borrower under the Prior Xxxxxx Credit Facility, (ii) retire all obligations of Deanco under the Prior Deanco Credit Facility and (iii) fund working capital and other corporate requirements of Borrower and its Subsidiaries and (b) the Line B Loans to fund the reimbursement obligations of Borrower with respect to the Line B Letter of Credit.