Senior Credit Facility. If the provisions of Articles 7 (Negative Covenants) and/or 8 (Default) (and the definitions of defined terms used therein) of the Loan Agreement, dated as of April 8, 2011, as amended on or prior to and in effect on the Agreement Date (the “Existing Agreement”), among the Borrower and certain agents and lenders from time to time party thereto are proposed to be amended or otherwise modified in a manner that is more restrictive from the Borrower’s perspective (a “Restrictive Change”), the Borrower covenants and agrees that it shall (a) provide the Lenders with written notice describing such proposed Restrictive Change promptly and in any event prior to the effectiveness of such Restrictive Change, and (b) upon fifteen (15) Business Days prior written notice from the Majority Lenders requesting that such Restrictive Change be effected with respect to this Agreement, take such steps as are necessary to effect a Restrictive Change with respect to this Agreement that is acceptable to the Majority Lenders and the Borrower; provided, that, in the event the Borrower fails to effect such equivalent Restrictive Change within such fifteen (15) Business Day period, then, such Restrictive Change to the Existing Agreement shall automatically be applied to this Agreement; provided, further that (i) no default or event of default would occur solely by reason of such amendment to this Agreement or any other debt agreement of the Borrower, and (ii) such Restrictive Change shall not be made if doing so would cause the Borrower to fail to maintain, or prevent it from being able to elect, REIT status. Notwithstanding the foregoing, any such Restrictive Change made to this Agreement hereunder shall remain in effect until such time as the Existing Agreement has matured or otherwise been terminated, at which point, unless the Borrower’s Debt Ratings (or their related outlooks) have declined since the date this Agreement was executed, the Administrative Agent, Lenders and the Borrower will take such steps as are necessary to amend this Agreement to remove entirely any such amendments made under this Section 5.10 to this Agreement; provided, however, that in the event that (A) the Existing Agreement has matured or otherwise been terminated, and (B) the Borrower’s Debt Ratings (or their related outlooks) have declined since the date this Agreement was executed, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to modify such Restrictive Change wit...
Senior Credit Facility. After the Restatement Effective Date, enter into any Permitted Notes Indenture that prohibits or limits the incurrence of Indebtedness under this Agreement or any other Obligation.
Senior Credit Facility. Either the New Facilities shall have closed on substantially the terms set forth in the Plan and shall be in full force and effect or the Senior Secured Credit Agreement shall be paid in full in cash with the proceeds of not less than $100,000,000 in loans and $75,000,000 in replacement/backstop letters of credit from an exit facility, the terms of which are as or more favorable to the Company as the New Facilities on the terms set forth in the Plan.
Senior Credit Facility. The Company shall have entered into the Senior Credit Facility providing for $40,000,000 principal amount of senior debt financing.
Senior Credit Facility. The Company, Alliance USA, GOCA, LPC, New GOC and Source shall have executed and delivered the Senior Credit Facility, substantially in the form of the final draft furnished to Buyer in all material respects.
Senior Credit Facility. On or before December 24, 1999, the Company shall have entered into a senior credit facility with Fleet National Bank, in accordance with the terms described in the commitment letter of Fleet National Bank dated December 15, 1999, and otherwise on terms reasonably satisfactory to Parthenon.
Senior Credit Facility. Metrocall and Weblink shall have obtained a senior credit facility for the Surviving Corporation described in the first sentence of Section 6.17.
Senior Credit Facility. Promptly after the Effective Time of the Merger, the Surviving Corporation shall pay, and the Parent shall provide such financing so as to enable the Surviving Corporation to pay, all amounts outstanding under the Company's Revolving Credit Agreement dated as of March 31, 1997, as amended, with Fleet National Bank and Bank One, N.A.
Senior Credit Facility. The Purchaser is not currently in default, and will not be in default upon the consummation of this Agreement, under the terms of the Amended and Restated Credit Agreement, originally dated May 29, 1996 and amended and restated June 27, 1997, among the Purchaser, its subsidiaries, BankBoston, N.A., as agent, and the lenders named therein.
Senior Credit Facility. Licensee shall make available to SureBeam a senior secured revolving line of credit in the amount of up to fifty million dollars ($50,000,000) (the "SECURED LINE OF CREDIT") pursuant to a credit agreement and other credit facility agreements to be negotiated and entered into between Licensee and SureBeam, subject to Licensee obtaining the consent of the requisite number of lenders under its Senior Secured Credit Agreement dated as of February 23, 2000, as subsequently amended ("TITAN CREDIT FACILITY"), to the extension of the credit facility.
