Yen Facility definition

Yen Facility shall have the meaning set forth in the definition of “Facility”. The Yen Facility shall be a subfacility of the Dollar Facility.
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Examples of Yen Facility in a sentence

  • At the request of General Partner, the “Requisite Lenders” (as defined in Section 9.5(b) of the Yen Facility), by their execution of this Agreement, approve the “Modifications” (as defined in Section 9.5(b) of the Yen Facility) set forth in this Agreement.

  • Pursuant to the terms of the Master Agreement and subject to the terms of the Trademark Security Agreement executed in connection with the Existing Yen Facility, the trademarks constituting the Japanese Trademarks are registered in Japan in the name of Seven-Eleven Japan or Tokyo Leasing Co., Ltd.

  • Subject to its obligations under the Existing Yen Facility, Southland shall cooperate with the Collateral Agent to effect the assignments, filings and registration of the Japanese Trademarks contemplated by the Assignment of Japanese Trademarks.

  • Prior to the Existing Yen Facility Repayment Date the Swap Provider will make floating rate payments to the Paying Agent for the benefit of the Lenders in exchange for the accrual of the fixed rate payments due the Swap Provider (and interest thereon) at a fixed rate equal to the interest rate for the Loans hereunder, which shall be payable from the Japanese Royalties deposited in the New Lock Box Account after the Existing Yen Facility Repayment Date as provided herein and in the Swap.

  • Pursuant to irrevocable instructions to Citibank, N.A., Tokyo Branch, or such other bank at which the New Lock Box Account is maintained, which instructions are set forth in the Assignment of New Lock Box Account, all Japanese Royalties received in the New Lock Box Account after the Existing Yen Facility Repayment Date shall be retained in the New Lock Box Account and invested in Permitted Investments as directed from time to time by Southland.

  • It is anticipated and acknowledged by the Lenders that no Japanese Royalties will be paid into the New Lock Box Account until the Existing Yen Facility Repayment Date.

  • Southland is not (i) in default in respect of any material indebtedness including, without limitation, under the Existing Yen Facility or (ii) in default under any agreement, obligation or duty to which it is a party or by which it or any of its properties or assets is bound which default would have or is likely to have a material adverse effect on the ability of Southland to perform its obligations under the Master Agreement, this Agreement or any of the Security Documents.

  • On each Repayment Date prior to the Expected Existing Yen Facility Repayment Date the Swap Provider will make floating rate payments as described in Section 8.01 and provided in the Swap although no amounts will be received from Southland or Seven-Eleven Japan in respect of the New Yen Facility.

  • Recourse to Southland on the New Yen Facility will be limited to recourse to the Collateral and will not be a general obligation of Southland except for recourse for breach of indemnities or representations specifically provided herein to create general obligations.

  • The rights of the Agents and the Creditors in the Collateral are explicitly SUBJECT AND SUBORDINATE TO THE RIGHTS OF THE EXISTING YEN FACILITY LENDERS; no payment of Collateral will be made to the Creditors and no remedies will be exercised by the Collateral Agent or the Creditors against the Collateral until the repayment in full of all amounts due under the Existing Yen Facility.

Related to Yen Facility

  • Second Lien Facility means the second lien term loan facility under the Second Lien Credit Agreement.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

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

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Bank Facility means any credit agreement, including the Existing Credit Agreement, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Borrower as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Term A Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term A Commitments at such time and (b) thereafter, the aggregate principal amount of the Term A Loans of all Term A Lenders outstanding at such time.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.

  • 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.

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

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;