First Lien Credit Facility. The Agent shall have received a copy of a forbearance agreement (the “First Lien Forbearance Agreement”) executed and delivered by the First Lien Agent and the First Lien Lenders whose consent is required pursuant to the First Lien Credit Agreement, which ABL Forbearance Agreement shall be in form and substance satisfactory to the Agent and the Required Noteholders.
First Lien Credit Facility. The Company and the Guarantors shall have, simultaneously with the Closing Date, executed the $[355] million first-lien credit facility with a syndicate of lenders led by Deutsche Bank AG Cayman Islands Branch and Deutsche Bank Securities Inc. containing the terms set forth in that certain Commitment Letter, dated May 24, 2004, among the Company, Deutsche Bank AG Cayman Islands Branch and Deutsche Bank Securities Inc. (but excluding the terms with respect to the Second-Lien Credit Facility, as defined therein), which terms shall be satisfactory to the Purchasers (the “First-Lien Credit Facility”). The Company shall have, simultaneously with the Closing Date, received aggregate proceeds of $[330] million from its initial draw under the First-Lien Credit Facility.
First Lien Credit Facility. That certain revolving credit facility by the First Lien Agent and the First Lien Lenders pursuant to the First Lien Loan Documents.
First Lien Credit Facility. The First Lien Loan Documents required by the terms of the First Lien Credit Agreement to be executed on the Closing Date shall have been duly executed and delivered by each Loan Party party thereto, and shall be in full force and effect, and prior to or substantially simultaneously with the initial Borrowings on the Closing Date, the Borrower shall have received at least $1,925.0 million in gross cash proceeds from the incurrence of the Initial First Lien Borrowing.
First Lien Credit Facility. As of the Closing Date, Borrower shall have delivered to Agent a complete and correct copy of the First Lien Credit Agreement and all related documents (including all schedules, exhibits, amendments, supplements, modifications, assignments and all other documents delivered pursuant thereto or in connection therewith). Borrower has the corporate power and authority to incur the First Lien Credit Facility. All Obligations hereunder, constitute Second Lien Obligations (as defined in the Intercreditor Agreement) and are entitled to the benefits of the provisions thereof.
First Lien Credit Facility. The Administrative Agent shall have received a duly executed copy of the First Lien Credit Agreement and all ancillary documents relating thereto. The "Closing Date" under, and as defined in the First Lien Credit Agreement, shall have occurred.
