Define: Senior Facility

How is Senior Facility defined in a legal contract?

• Senior Facility means the understanding or agreement referred to as “Facility” in the matured facilities agreement.
  Seen in 10 SEC filings.
• Senior Facility means the establishment of a credit facility under certain credit documents and a specific credit facility in accordance to an agreement, or any replacement facilities deemed acceptable.
  Seen in 6 SEC filings.
• Senior Facility means the senior credit facility under an explicit loan and security agreement, comprising guarantee agreements and security documents, which can be modified over time. It includes any agreement extending the duration of, refinancing, replacing, increasing or otherwise restructuring all or part of the debt under such agreement or any successor or replacement agreement.
  Seen in 6 SEC filings.
• Senior Facility means the following: An agreement under a specific date, any other loan, bond, or other debt facility, as advised by the borrowing party to the lender in writing post agreement date.
  Seen in 5 SEC filings.
• Senior Facility means any existing senior facility, as amended, restated, supplemented, renewed, modified, refunded, replaced, revised, restructured, or refinanced. This extends to any other governing agreement for first-lien indebtedness, granted the principal amount is not increased beyond the set limit for such indebtedness.
  Seen in 5 SEC filings.

Please note, some definitions have been omitted because they do not meet the specified criteria.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for ‘Definitions of senior facility’ yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Senior Facility means the credit agreement or bond under a specific loan and security agreement that can be modified over time.

Relevant Contract Types

• Loan Agreement
• Credit Agreement
• Debt Facility Agreement
• Security Agreement

Relevant Circumstances

• Financing for big business projects
• Restructuring debt arrangements
• Establishing a new line of credit
• When there’s a need for a strong loan security

Relevant Sectors

• Banking and Finance
• Real Estate
• Corporate

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Genie Definition 2

Senior Facility means an understanding named ‘Facility’ in the definitive facilities agreement.

Relevant Contract Types

• Facilities Agreement
• Service Agreement
• Operations Contract

Relevant Circumstances

• Establishing the terms of use for a facility
• Outlining an agreement of service provision
• Dictating the responsibilities inherent to a specific role or task

Relevant Sectors

• Manufacturing
• Technology
• Healthcare

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