Debt Facility. A debt facility is established providing Employer a debt facility of at least $6 million.
Debt Facility. A debt facility is put in place offering Employer a debt facility of at least $6 million.
Debt Facility. Subject to Section 3.2(c), the General Partner may arrange for one or more debt facilities, including seller financing, to acquire any assets, to make capital expenditures, to pay operating expenses, and for any other permitted purposes, in addition to, lieu of, or in advance of, using Capital Contributions.
Debt Facility. A debt facility is put in place offering Employer a debt facility of at least $1 million.
Debt Facility. The Buyer will also arrange for a Twenty-Five Million ($25,000,000) Dollar Debt facility for the Company. Said debt shall be in the form of traditional (non-toxic) debt to position the Company with a 1:1 debt to equity ratio. Draw Down’s from the Debt Facility will be made in conjunction with each acquisition as determined by the Buyer and Seller.
Debt Facility. The DIP Revolving Loan Claims shall remain outstanding during the pendency of the Chapter 11 Cases, throughout which Borrower shall a cash coupon of LIBOR + 6.50%, with the full balance to fully roll into the New 1L Revolving Loan Facility upon the Company’s emergence from the Chapter 11 Cases.
Debt Facility. As soon as practical after the date hereof, the parties agree to jointly seek the appropriate consents required concerning the Debt Facility. If as a condition of granting such approval the holders of such Debt Facility require payment of more than a one percent (1%) fee or renegotiate any material terms thereof, then, except as the Exchange Partners and Panthers may otherwise agree in writing, Panthers shall have the right and shall use its reasonable best efforts until February 16, 1998, or until March 2, 1998, if Panthers elects to extend the Closing Date pursuant to Section 1.2, to refinance the Debt Facility with another loan which would constitute an Approved Refinancing prior to the Final Replacement Date under the Limited Partnership Agreement. If Panthers does not obtain such loan prior to the applicable Closing Date, then either Panthers or the Exchange Partners may thereafter arrange a refinancing loan which satisfies the foregoing conditions, and the Closing Date shall be extended from time to time until either party has done so, but in no event beyond June 30, 1998, without the consent of Panthers and the Exchange Partners. If prior to the Closing Date, more than one refinancing loan which satisfies the foregoing conditions becomes available, Panthers may select between the alternatives. Should the Debt Facility be prepaid or refinanced at an interest rate that is lower than the existing rate of the Debt Facility (the "Interest Savings"), then the Exchange Partners shall receive reimbursement of their portion of the fees paid pursuant to Section 5.14(a) and (b). Such reimbursement shall be equal to 50% of the Interest Savings and shall be paid by the Partnership within thirty days after each quarter-end. At its election, Panthers may also receive reimbursement of its half of the Interest Savings at the same time and in the same amounts as any payments thereof to Exchange Partners.
Debt Facility. The Partnership shall have received all necessary and appropriate consents under or shall have refinanced the Debt Facility. On the Closing Date, the principal balance of the Debt Facility, if not previously refinanced, will not exceed in the aggregate Sixty Three Million Three Hundred and Fifty Thousand Dollars ($63,350,000.00).
Debt Facility. 53 5.1.3 European and Middle East Business Operations.............. 53 5.1.4
Debt Facility. At least $125 million in debt financing for Maxide has been received on terms reasonably acceptable to AEI and LDIG.
