Examples of Credit Support Arrangement in a sentence
No liens shall be granted in connection with the Credit Support Arrangement.
Emergency Motion for Entry of Interim and Final Orders (I) Authorizing and Confirming Vendor Credit Support Arrangement; (II) Granting Superpriority Administrative Expense Claims; and (III) Granting Related Relief.
Importantly, the Credit Support Arrangement will allow the Debtors the ability to maintain sufficient liquidity to fund their operations and expenses during these Chapter 11 Cases without granting any new liens on their assets and without paying expensive fees and interest that would otherwise be required under a post-petition secured credit facility.
The Debtors and US Foods have reached an agreement ( i.e., the Credit Support Arrangement) whereby US Foods will extend favorable credit terms to the Debtors in exchange for limited protection and fees.
The Debtors seek the entry of interim and final orders: (a) authorizing and approving the Credit Support Arrangement (as defined below); (b) granting superpriority administrative expense claims; (c) scheduling a final hearing (the “ Final Hearing”); and (d)granting related relief.
Moreover, the Credit Support Arrangement does not require the Debtors to comply with any milestones, modifications of the automatic stay, or other obligations regarding these Chapter 11 Cases.
The Supplemental Cooperative Agreement will provide that the Credit Support Arrangement will only be utilized in the event that debt service cannot be paid in full by the FCCFA when due.
Replacing a Credit Support Arrangement 3.11.1. A Market Participant may replace the Credit Support arrangement provided (for example, replacing a Security Deposit with a bank undertaking) by notifying AEMO in writing prior to the replacement.
The Motion is granted to the extent set forth herein on an interim basis and the Credit Support Arrangement is authorized and approved pursuant to the terms of this Interim Order.
The Credit Support Arrangement will not be an indebtedness of the City or the County, and neither the general credit of the City nor the County will be pledged to the payment of the principal of, or premium, if any, or interest on, the Hotel Expansion Bonds, and the owners and holders of the Hotel Expansion Bonds will not have the right to have any excises or taxes levied by the City or the County for the payment of the principal of, or premium, if any, or interest on, the Hotel Expansion Bonds.