Existing Credit Agreement definition: Copy, customize, and use instantly
Introduction
The term "Existing Credit Agreement" refers to a loan or credit facility agreement already in effect prior to the execution of a new agreement. It outlines the terms, conditions, obligations, and rights of the parties involved in the existing financial arrangement, often referenced in the context of refinancing, amendments, or supplementary agreements.
Below are various examples of how "Existing Credit Agreement" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Existing Credit Agreement" in refinancing agreements
This definition ties "Existing Credit Agreement" to prior loan arrangements.
"Existing Credit Agreement" means the credit facility agreement dated [INSERT DATE], as amended, restated, or otherwise modified, between [BORROWER] and [LENDER], governing the terms of the prior loan.
Definition of "Existing Credit Agreement" in loan amendment agreements
This definition connects "Existing Credit Agreement" to modifications.
"Existing Credit Agreement" refers to the loan agreement entered into on [INSERT DATE] by and between [PARTIES], as subsequently amended or supplemented, which is being modified under this agreement.
Definition of "Existing Credit Agreement" in merger and acquisition financing
This definition links "Existing Credit Agreement" to transactional funding.
"Existing Credit Agreement" includes the loan or credit facility agreement dated [INSERT DATE], providing financing to the borrower prior to the execution of this agreement, as identified in the transaction documents.
Definition of "Existing Credit Agreement" in inter creditor agreements
This definition applies "Existing Credit Agreement" to creditor coordination.
"Existing Credit Agreement" means the credit facility agreement dated [INSERT DATE], governing the terms of the existing indebtedness among the borrower and its creditors, as referenced in this inter creditor agreement.
Definition of "Existing Credit Agreement" in debt restructuring agreements
This definition ties "Existing Credit Agreement" to restructured obligations.
"Existing Credit Agreement" means the credit facility agreement dated [INSERT DATE], as amended, modified, or supplemented, which governs the borrower’s obligations prior to the restructuring contemplated in this agreement.
Definition of "Existing Credit Agreement" in bridge loan agreements
This definition connects "Existing Credit Agreement" to temporary financing.
"Existing Credit Agreement" refers to the credit facility agreement dated [INSERT DATE] that is being repaid or replaced with the proceeds of this bridge loan facility.
Definition of "Existing Credit Agreement" in syndicated loan agreements
This definition links "Existing Credit Agreement" to syndicate lenders.
"Existing Credit Agreement" includes the syndicated loan facility agreement dated [INSERT DATE] entered into by the borrower and the syndicate of lenders, as amended or supplemented, prior to the execution of this agreement.
Definition of "Existing Credit Agreement" in revolving credit agreements
This definition ties "Existing Credit Agreement" to revolving facilities.
"Existing Credit Agreement" means the revolving credit facility agreement dated [INSERT DATE] between the borrower and lender, which is being replaced or modified by the terms of this agreement.
Definition of "Existing Credit Agreement" in subordinated loan agreements
This definition connects "Existing Credit Agreement" to priority obligations.
"Existing Credit Agreement" refers to the credit facility agreement dated [INSERT DATE], which establishes the senior debt obligations being subordinated under this agreement.
Definition of "Existing Credit Agreement" in collateral agreements
This definition links "Existing Credit Agreement" to secured obligations.
"Existing Credit Agreement" includes the secured credit facility agreement dated [INSERT DATE], under which the borrower’s obligations are secured by the collateral described in this agreement.
Definition of "Existing Credit Agreement" in cross-border financing agreements
This definition ties "Existing Credit Agreement" to international arrangements.
"Existing Credit Agreement" refers to the credit facility agreement dated [INSERT DATE], governing the terms of financing provided to the borrower in cross-border transactions.
Definition of "Existing Credit Agreement" in debt consolidation agreements
This definition connects "Existing Credit Agreement" to consolidated obligations.
"Existing Credit Agreement" means the loan or credit facility agreement dated [INSERT DATE], which is being consolidated with other debt obligations under the terms of this agreement.
Definition of "Existing Credit Agreement" in corporate acquisition financing
This definition links "Existing Credit Agreement" to pre-acquisition funding.
"Existing Credit Agreement" refers to the credit facility agreement dated [INSERT DATE], which was established prior to the financing arrangements made for the corporate acquisition contemplated by this agreement.
Definition of "Existing Credit Agreement" in construction financing agreements
This definition ties "Existing Credit Agreement" to project funding.
"Existing Credit Agreement" includes the construction loan facility agreement dated [INSERT DATE], which provided financing for the project prior to the execution of this agreement.
Definition of "Existing Credit Agreement" in debtor-in-possession financing agreements
This definition connects "Existing Credit Agreement" to pre-bankruptcy obligations.
"Existing Credit Agreement" means the loan agreement dated [INSERT DATE], which governed the debtor’s obligations prior to the debtor-in-possession financing arrangement.
Definition of "Existing Credit Agreement" in export-import financing agreements
This definition links "Existing Credit Agreement" to trade financing.
"Existing Credit Agreement" refers to the trade financing or export-import credit facility agreement dated [INSERT DATE], governing obligations that are being restructured or refinanced under this agreement.
Definition of "Existing Credit Agreement" in margin loan agreements
This definition ties "Existing Credit Agreement" to equity financing.
"Existing Credit Agreement" includes the margin loan facility agreement dated [INSERT DATE], which provided financing secured by equity or other marketable securities.
Definition of "Existing Credit Agreement" in capital expenditure financing
This definition connects "Existing Credit Agreement" to investment funding.
"Existing Credit Agreement" refers to the loan agreement dated [INSERT DATE], which financed the borrower’s capital expenditures prior to the execution of this agreement.
Definition of "Existing Credit Agreement" in intercreditor arrangements
This definition links "Existing Credit Agreement" to creditor coordination.
"Existing Credit Agreement" means the senior loan facility agreement dated [INSERT DATE], governing the borrower’s obligations in connection with this intercreditor arrangement.
Definition of "Existing Credit Agreement" in refinancing documentation
This definition ties "Existing Credit Agreement" to loan replacement.
"Existing Credit Agreement" refers to the loan agreement dated [INSERT DATE] that is being refinanced or replaced with a new facility under the terms of this agreement.
Definition of "Existing Credit Agreement" in co-lending agreements
This definition connects "Existing Credit Agreement" to shared credit facilities.
"Existing Credit Agreement" includes the credit facility agreement dated [INSERT DATE], under which multiple lenders provided financing to the borrower prior to the execution of this agreement.
Definition of "Existing Credit Agreement" in term loan agreements
This definition links "Existing Credit Agreement" to fixed-term facilities.
"Existing Credit Agreement" refers to the term loan agreement dated [INSERT DATE], which governs the borrower’s existing fixed-term debt obligations.
Definition of "Existing Credit Agreement" in asset-based lending agreements
This definition ties "Existing Credit Agreement" to asset-secured financing.
"Existing Credit Agreement" means the credit facility agreement dated [INSERT DATE], secured by the borrower’s assets and established prior to the execution of this agreement.
Definition of "Existing Credit Agreement" in leveraged finance agreements
This definition ties "Existing Credit Agreement" to leveraged transactions.
"Existing Credit Agreement" means the credit facility agreement dated [INSERT DATE], which provided financing for leveraged transactions or acquisitions prior to the execution of this agreement.
Definition of "Existing Credit Agreement" in corporate treasury agreements
This definition connects "Existing Credit Agreement" to treasury management.
"Existing Credit Agreement" refers to the credit facility agreement dated [INSERT DATE], governing working capital or liquidity management provided to the company prior to this agreement.
Definition of "Existing Credit Agreement" in cash flow-based loans
This definition links "Existing Credit Agreement" to operational financing.
"Existing Credit Agreement" includes the loan agreement dated [INSERT DATE], under which financing was provided based on the borrower’s projected cash flows prior to this agreement.
Definition of "Existing Credit Agreement" in sovereign debt agreements
This definition ties "Existing Credit Agreement" to government borrowings.
"Existing Credit Agreement" means the sovereign loan or credit facility agreement dated [INSERT DATE], established by the government or public entity prior to the execution of this agreement.
Definition of "Existing Credit Agreement" in bridge-to-bond financing agreements
This definition connects "Existing Credit Agreement" to temporary funding.
"Existing Credit Agreement" refers to the bridge loan facility agreement dated [INSERT DATE], intended to provide interim financing prior to the issuance of bonds under this agreement.
Definition of "Existing Credit Agreement" in mezzanine financing agreements
This definition links "Existing Credit Agreement" to subordinated debt.
"Existing Credit Agreement" includes the mezzanine loan agreement dated [INSERT DATE], which provided financing subordinate to senior debt obligations prior to this agreement.
Definition of "Existing Credit Agreement" in export credit agency-backed agreements
This definition ties "Existing Credit Agreement" to export financing.
"Existing Credit Agreement" means the export credit agency-backed loan agreement dated [INSERT DATE], which financed cross-border transactions prior to this agreement.
Definition of "Existing Credit Agreement" in real estate development financing
This definition connects "Existing Credit Agreement" to property projects.
"Existing Credit Agreement" refers to the real estate development loan agreement dated [INSERT DATE], which funded the project prior to the refinancing under this agreement.
Definition of "Existing Credit Agreement" in aircraft financing agreements
This definition links "Existing Credit Agreement" to aviation funding.
"Existing Credit Agreement" includes the aircraft financing facility agreement dated [INSERT DATE], governing the financing of aircraft purchases or leases prior to this agreement.
Definition of "Existing Credit Agreement" in distressed debt agreements
This definition ties "Existing Credit Agreement" to restructuring opportunities.
"Existing Credit Agreement" means the credit facility agreement dated [INSERT DATE], under which financing was provided to a borrower now undergoing financial restructuring.
Definition of "Existing Credit Agreement" in trade receivables financing
This definition connects "Existing Credit Agreement" to accounts receivable.
"Existing Credit Agreement" refers to the receivables financing agreement dated [INSERT DATE], which provided funding against trade receivables prior to this agreement.
Definition of "Existing Credit Agreement" in private equity financing agreements
This definition links "Existing Credit Agreement" to portfolio companies.
"Existing Credit Agreement" includes the loan facility agreement dated [INSERT DATE], governing financing provided to a portfolio company prior to additional funding under this agreement.
Definition of "Existing Credit Agreement" in multilateral development bank loans
This definition ties "Existing Credit Agreement" to international development.
"Existing Credit Agreement" means the loan agreement dated [INSERT DATE], provided by a multilateral development bank for infrastructure or development projects prior to this agreement.
Definition of "Existing Credit Agreement" in renewable energy project financing
This definition connects "Existing Credit Agreement" to clean energy initiatives.
"Existing Credit Agreement" refers to the loan or credit facility agreement dated [INSERT DATE], established to finance renewable energy projects prior to this agreement.
Definition of "Existing Credit Agreement" in hotel management financing
This definition links "Existing Credit Agreement" to hospitality funding.
"Existing Credit Agreement" includes the credit facility agreement dated [INSERT DATE], governing financing provided for hotel construction or operations prior to this agreement.
Definition of "Existing Credit Agreement" in working capital facilities
This definition ties "Existing Credit Agreement" to operational liquidity.
"Existing Credit Agreement" means the working capital loan agreement dated [INSERT DATE], established to support the borrower’s short-term operational needs prior to this agreement.
Definition of "Existing Credit Agreement" in cross-border syndicated loans
This definition connects "Existing Credit Agreement" to international syndication.
"Existing Credit Agreement" refers to the cross-border syndicated loan facility agreement dated [INSERT DATE], governing obligations prior to the refinancing under this agreement.
Definition of "Existing Credit Agreement" in hedge fund financing agreements
This definition links "Existing Credit Agreement" to fund leverage.
"Existing Credit Agreement" includes the financing facility agreement dated [INSERT DATE], which provided leverage or operational funding for a hedge fund prior to this agreement.
Definition of "Existing Credit Agreement" in digital infrastructure financing
This definition ties "Existing Credit Agreement" to technology funding.
"Existing Credit Agreement" means the loan or credit facility agreement dated [INSERT DATE], established to finance digital infrastructure or technology projects prior to this agreement.
Definition of "Existing Credit Agreement" in acquisition finance agreements
This definition connects "Existing Credit Agreement" to pre-acquisition obligations.
"Existing Credit Agreement" refers to the credit facility agreement dated [INSERT DATE], governing obligations incurred to finance an acquisition prior to the execution of this agreement.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.