Definitive Debt Documents definition
Examples of Definitive Debt Documents in a sentence
Holdco, Midco, Parent and/or Merger Sub shall, solely at the joint direction of MBKP and Horizon, enter into the Definitive Debt Documents, facilitate the funding of the Debt Financing under the Definitive Debt Documents in connection with the Closing and negotiate and enter into those documents that are contemplated by the Definitive Debt Documents to be executed in connection with the Closing by Holdco, Midco, Parent and/or Merger Sub.
Any material change to the Definitive Debt Documents or material terms of or changes to any Alternative Financing shall require the written consent of MBKP and Horizon.
The aggregate amount of Available Cash on Closing shall equal to or exceed the Onshore Available Cash Amount and Offshore Available Cash Amount respectively, and the Company shall have delivered to Parent written evidence thereof in form and substance reasonably satisfactory to Parent prior to the Closing Date in accordance with the requirements under the Definitive Debt Documents.
Any Lender under Term Loan Facility may elect not to accept any mandatory prepayment (except in respect of a mandatory prepayment made with the net cash proceeds of indebtedness under a Refinancing Term Facility), in which case such declined amount may be retained by Borrower and shall increase the “Available Amount Basket” described below and may be used for purposes not prohibited in the Definitive Debt Documents, including voluntary prepayments.
The provisions of this paragraph shall automatically terminate on the earlier of (i) two years following the date of this Commitment Letter or (ii) upon execution of the Definitive Debt Documents (in which case, the confidentiality provisions thereof shall govern).
Buyer shall keep Sellers informed on a reasonably current basis and in reasonable detail of the status of its efforts to obtain the Financing and provide to Sellers drafts of the Definitive Debt Documents no later than two (2) Business Days prior to the Closing Date.
The Administrative Agent shall be permitted to effect such amendments to the Definitive Debt Documents as may be necessary or appropriate to give effect to the foregoing, including conforming amendments (which may be in the form of an amendment and restatement).
Any amendment to the External Financing Commitments, material change to the Definitive Debt Documents or material terms of or changes to any Alternative Financing shall require the written consent of all Investors.
Defaulting Lenders The Definitive Debt Documents shall contain customary provisions (as mutually agreed) relating to “defaulting” Lenders, including provisions relating to the suspension of voting rights and of rights to receive certain fees, and termination or assignment of commitments or Term Loans of such Lenders.
Unrestricted Subsidiaries will not be subject to the affirmative or negative covenants, representations and warranties, or events of default and other provisions of the Definitive Debt Documents applicable to the Borrower and its other subsidiaries and the cash held by, results of operations, indebtedness and interest expense will not be taken into account for purposes of determining any financial ratio or covenant contained in the Definitive Debt Documents.