Examples of Bank Term Loan Agreement in a sentence
The Borrower shall not amend, waive or otherwise modify (a) the Bank Term Loan Agreement in a manner that would result in terms more favorable to the lenders party thereto than the terms hereof or (b) the Master Agreement in a manner materially adverse to the Lenders (other than GECC or any of its Affiliates that are Lenders) without the prior written consent of the Required Lenders.
Neither Borrower is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock, and no proceeds of any borrowings hereunder will be used for a purpose which violates, or would be inconsistent with, F.R.S. Board 24 Regulation U or X, or any official rulings on or interpretations of such regulations.
The magnitude of this artificial ion flux was adjusted such that the rate of uptake of D to the bulk was the same as the one found by using the kinetic surface boundary condition.
If the Plan is confirmed and the Effective Date occurs, (i) all Prepetition Bank Loans will be canceled and deemed satisfied in full by the obligations of Reorganized Galaxy under the New Bank Term Loan Agreement, (ii) all Prepetition Notes will be canceled and deemed satisfied in full by the issuance of New Subordinated Notes and New Stock to the Noteholders, and (iii) all Prepetition Equity Interests will be canceled and Equity Interest Holders will receive New Stock and the Warrants.
Of the 65 participants in the three Certification Schools, 63 people tested for Certification and 53 passed both the core and Category 6 (Right of Way) exam to become Oklahoma Certified Pesticide Applicators in Category 6: Right-of-Way.
In return, Reorganized Galaxy will (i) enter into the New Bank Term Loan Agreement and acknowledge and incur New Bank Loans from each of the holders of Allowed Bank Claims, (ii) assume liability for all General Unsecured Claims and Miscellaneous Secured Claims, and (iii) issue one hundred percent (100%) of the aggregate New Stock, the New Subordinated Notes and the Warrants to Galaxy.
In addition, the New Bank Term Loan Agreement will contain non-financial covenants and defaults substantially similar to those contained in the Prepetition Bank Loan Agreements.
As of the Effective Date, Reorganized Galaxy will enter into the New Bank Term Loan Agreement and will issue the New Subordinated Notes, the New Stock, and the Warrants.
Failure to comply with such covenants could result in a default under the New Bank Term Loan Agreement which could have a material adverse effect on the financial condition and results of operations of Reorganized Galaxy.
Finally, Reorganized Galaxy shall make mandatory principal prepayments in an amount equal to ninety percent of the net proceeds of any Asset Sales (as such term shall be defined in the New Bank Term Loan Agreement).