Second Lien Term Loans. Prior to or substantially concurrently with the initial funding of the Loans hereunder, the Second Lien Term Loans in an aggregate principal amount of not less than $255,000,000 shall have been funded in all material respects in accordance with the terms of the Second Lien Credit Agreement and the Borrower shall have received the Net Proceeds thereof. For purposes of determining whether the conditions specified in this Section 4.01 have been satisfied on the Closing Date, by funding the Loans hereunder, the Administrative Agent and each Lender shall be deemed to have consented to, approved or accepted, or to be satisfied with, each document or other matter required hereunder to be consented to or approved by or acceptable or satisfactory to the Administrative Agent or such Lender, as the case may be. Notwithstanding the foregoing, to the extent that the Lien on any Collateral is not or cannot be created or perfected on the Closing Date (other than (a) by the execution and delivery of the Security Agreement by each Loan Party, (b) a Lien on Collateral that is of the type that may be perfected by the filing of a financing statement under the UCC and (c) a Lien on the Capital Stock of the Borrower and each Restricted Subsidiary required to be pledged pursuant to the Collateral and Guarantee Requirement (other than the Target or any subsidiary thereof the certificate evidencing the Capital Stock of which has not been delivered to the Borrower prior to the Closing Date, to the extent the Borrower has used commercially reasonable efforts to procure delivery thereof) that may be perfected on the Closing Date by the delivery of a stock or equivalent certificate (together with a stock power or similar instrument endorsed in blank for the relevant certificate)), in each case after the Borrower’s use of commercially reasonably efforts to do so without undue burden or expense, then the creation and/or perfection of such Lien shall not constitute a condition precedent to the availability or initial funding of the Credit Facilities on the Closing Date.
Second Lien Term Loans. (i) The Second Lien Credit Agreement shall contain terms that conform to the Plan of Reorganization and are otherwise reasonably satisfactory to the Administrative Agent, and (ii) the Administrative Agent shall have received reasonably satisfactory evidence that the conditions to the effectiveness of the Second Lien Term Loan Documents shall have been satisfied or waived in accordance with their terms.
Second Lien Term Loans. Prior to or substantially concurrently with the initial funding of the Loans hereunder, the Second Lien Term Loans shall have been funded.
Second Lien Term Loans. (i) The Second Lien Term Loan Documents shall contain terms that conform to the Restructuring Term Sheet and are otherwise reasonably satisfactory to the Required Lenders, and (ii) the Administrative Agent shall have received reasonably satisfactory evidence that the conditions to the effectiveness of the Second Lien Term Loan Documents shall have been satisfied or waived in accordance with their terms.
Second Lien Term Loans. The Company shall have received gross proceeds of $315,000,000 (or such lesser amount sufficient, together with the Equity Investments and the proceeds generated hereunder, to consummate the Transactions) from the borrowing of Second Lien Term Loans under the Second Lien Credit Agreement.
Second Lien Term Loans. The Borrower shall have received $65,000,000 in gross cash proceeds from borrowings of the Second Lien Term Loans under the Second Lien Credit Agreement.
Second Lien Term Loans. Concurrently with the Loans made hereunder on the Closing Date, the Borrower shall have received the gross cash proceeds from the borrowing of the Second Lien Term Loans in a principal amount of $250,000,000. The terms and conditions of the Second Lien Term Loans and the Second Lien Loan Documents shall be in form and substance satisfactory to the Administrative Agent.
Second Lien Term Loans the Borrower shall have borrowed $250,000,000 in aggregate principal amount under the Second Lien Credit Agreement.
Second Lien Term Loans. Section 2.1 Second Lien Term Loan............................................................... 21 Section 2.2 [Intentionally Omitted]............................................................. 24 Section 2.3 Interest, Interest Calculations and Certain Fees..................................
Second Lien Term Loans. Following the Petition Date, the Company and the Senior Noteholders may commence an action seeking a determination that (i) reinstatement of the secured second lien claims is permissible under section 1124 of the Bankruptcy Code and (ii) the provisions set forth in that certain Intercreditor Agreement, dated July 31, 2007 (the “Intercreditor Agreement”), including the total amount of first lien indebtedness that can be refinanced and otherwise added to outstanding first lien obligations, are enforceable.
