Effective Date Debt definition

Effective Date Debt has the meaning specified in Section 5.02(b).
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Effective Date Debt shall be defined as shown in Exhibit 4.1(b)-2;
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Effective Date Debt means the Senior Secured Credit Facility;
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Examples of Effective Date Debt in a sentence

  • The Debtors or the Reorganized Debtors, as applicable, with the consent of the Creditors’ Committee, not to be unreasonably withheld, shall be authorized to enter into the New Secured Financing Documents on or before the Effective Date, provided, however, that the aggregate amount of the New Secured Financing shall not exceed the Effective Date Debt Limit.

  • The Administrative Agent shall have received (x) fully-executed customary payoff letters related to each Effective Date Debt Repayment reasonably satisfactory to it and (y) reasonably satisfactory evidence of arrangement for the concurrent termination of all Liens securing the obligations under existing credit facilities to be repaid in connection with each Effective Date Debt Repayment.

  • After the application of the proceeds of the loans made on the Effective Date under the ABL Credit Agreement and any Loans made under the Agreement on the Effective Date, the Effective Date Debt Repayments shall have been completed in a manner reasonably satisfactory to the Administrative Agent.

  • As agreed in the Settlement Term Sheet, the Debtors will use their best efforts to enter into the New Secured Financing Documents on or before the Effective Date, provided that the aggregate amount of the New Secured Financing does not exceed the Effective Date Debt Limit.

  • Among the conditions precedent to the Effective date are: (i) the aggregate debt of the Debtors shall not exceed the Effective Date Debt Limit; (ii) the Cash Balance shall not be less than $75,000,000 on the Effective Date, after giving effect to the application of the Minimum Cash Commitment; and (iii) the Allowed Thirty Two Claim shall receive payment in full, in Cash, on the Effective Date, in the amount of the Allowed Thirty Two Claim in full satisfaction of the Allowed Thirty Two Claim.

  • The Plan provides for the Debtors’ potential entry, with the consent of the Creditors’ Committee, not to be unreasonably withheld, into new secured financing facilities on or before the Effective Date, provided, however, that the aggregate amount of the New Secured Financing does not exceed the Effective Date Debt Limit.

  • The estimated Effective Date Debt shall be subtracted from the Purchase Price on the Closing Date and the actual Effective Date Debt shall be calculated as part of the Liabilities Adjustment pursuant to Section 1.4(c) hereof.

  • If Seller does not object to Buyer’s Determination within the time period and in the manner set forth in the first sentence of this Section 2.6(b) or if Seller accepts Buyer’s Determination, then the Effective Date Debt Balance, the Effective Date Net Working Capital, the Effective Date Cash and the Cash Adjustment Amount, as set forth in Buyer’s Determination, shall become final and binding upon the Parties for all purposes hereunder.

  • The Borrower shall have received all of the net proceeds from the issuance of term loans under the Term Loan Credit Agreement on the Effective Date, on terms and conditions reasonably satisfactory to the Borrower, Administrative Agent and the Lenders, which proceeds shall be used for the Effective Date Debt Repayment of the Senior Secured Notes.

  • After the application of the proceeds of the term loans under the Term Loan Credit Agreement and any Loans made under the Agreement on the Effective Date, the Effective Date Debt Repayments shall have been completed in a manner reasonably satisfactory to the Administrative Agent.


More Definitions of Effective Date Debt

Effective Date Debt is set forth on Schedule 1.3(a) and shall include: (i) the amount of the aggregate debt (excluding Effective Date Liabilities (as defined in Section 1.3(c))) of the Corporation outstanding on the Effective Date to be repaid by United at or immediately after the Closing Date; (ii) to the extent not included in clause (i) of this Section 1.3(a),
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Effective Date Debt. Amount shall have the meaning assigned in Section 2.7(b).
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Related to Effective Date Debt

  • Increase Effective Date has the meaning specified in Section 2.14(d).

  • Closing Date Term Loans means the Term Loans made by the Term Lenders on the Closing Date to the Borrower pursuant to Section 2.01(1).

  • Commitment Increase Effective Date has the meaning set forth in Section 2.02(b).

  • Closing Date Refinancing means the repayment, repurchase, redemption, defeasance or other discharge of the Existing Debt Facility and termination and/or release of any security interests and guarantees in connection therewith.

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Loan Commitments of any Series or Incremental Revolving Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.20.

  • Closing Date Term Loan has the meaning set forth in Section 2.4(a).

  • Effective Date of Contract means the date established in the Contract for the Contractor’s work to begin, or the date the Contract has been fully executed and received all required approvals, whichever date is later.

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Closing Date Indebtedness means the aggregate amount of Indebtedness of the Company as of immediately prior to the Closing.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Effective Date has the meaning set forth in the preamble.

  • Closing Date Acquisition Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Closing Date Net Working Capital shall have the meaning set forth in Section 2.03(c).

  • Required Effective Date means the relevant Initial Required Effective Date or Increased Required Effective Date (as those terms are defined below).

  • Restatement Agreement has the meaning set forth in the introductory statement of this Agreement.

  • Effective Date of Coverage means the date of commencement of Coverage in respect of a Life Insured under the Policy pursuant to the provision on Commencement of Coverage.

  • Incremental Facility Amendment has the meaning specified in Section 2.14(d).

  • Closing Date Acquisition shall have the meaning assigned to such term in the recitals hereto.

  • Estimated Closing Date Net Working Capital has the meaning set forth in Section 2.3(a)(i).

  • Release Effective Date means the date the Release becomes effective and irrevocable.

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Closing Date Cash has the meaning specified in Section 3.4(a).

  • Closing Date Transactions means, collectively (a) the funding of the Loans on the Closing Date and the execution and delivery of Loan Documents to be entered into on the Closing Date, (b) the Debt Proceeds Transfer, and (c) the payment of Closing Date Transaction Expenses.

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

  • Increase Date has the meaning specified in Section 2.18(a).