Class 4 Loan definition

Class 4 Loan means a Collateral Loan (a) that is not a Class 1 Loan, a Class 2 Loan or a Class 3 Loan and (b) the relevant Obligor of which has an EBITDA of at least the Dollar Equivalent of $20,000,000 as calculated in accordance with the Related Documents and as most recently reported thereunder as of the date the Borrower acquires such Collateral Loan.
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Class 4 Loan means a Collateral Loan (a) that is not a Class 1 Loan, a Class 2 Loan or a Class 3 Loan and (b) the relevant Obligor of which has an EBITDA of less than the Dollar Equivalent of $35,000,000 as calculated in accordance with the Related Documents and as most recently reported thereunder as of the date the Borrower acquires such Collateral Loan.
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Class 4 Loan or “OC Ratio” or any component thereof defined therein (in each case, other than any administrative, non-material amendment agreed to by the Borrower and the Administrative Agent); (h) modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof or (i) extend the Reinvestment Period, in each case to the extent such amendment, modification, waiver or supplement relates to such Lender.
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Examples of Class 4 Loan in a sentence

  • Following the execution of the Restructuring Support Agreement, the Debtors will commence a solicitation of the Plan on July 14, 2020, by delivering a copy of the Plan and this related Disclosure Statement (including Ballots) to Holders of Class 4 Loan Claims, the only Class entitled to vote to accept or reject the Plan.

  • Statements received after the deadline will be late and ineligible for consideration.We request that you submit four (4) hard copies to the PCSD Purchasing Department, 280 West 940 North, Provo, UT 84604.

  • Pursuant to sections 1126(c) and 1126(d) of the Bankruptcy Code, section 1129(a)(7)(A)(i) of the Bankruptcy Code will be satisfied with respect to Class 4 Loan Claims if Holders of at least two-thirds in amount and more than one-half in number of the Holders that vote on the Plan cast votes to accept the Plan.