Existing Debt Refinancing definition

Existing Debt Refinancing means the repayment in full of all principal, accrued and unpaid interest, fees, premium, if any, and other amounts outstanding under the Existing Credit Agreement, other than contingent obligations not then due and payable and that by their terms survive the termination of the Existing Credit Agreement, the termination of all commitments to extend credit thereunder and the termination and/or release of any security interests and guarantees in connection therewith.

Existing Debt Refinancing means (a) with respect to Existing Debt listed on Part I of Schedule 1.01(c), the redemption, repurchase or other satisfaction and discharge of such Existing Debt or the deposit or placement in escrow of amounts with respect to such redemption with the relevant trustee or holders and (b) with respect to other Existing Debt, the payment in full of all amounts, if any, due or owing under the Existing Debt, the termination of all commitments thereunder and the release and discharge of all guarantees thereof (if any) and all security therefor (if any).

Existing Debt Refinancing has the meaning assigned to such term in Section 4.01(h).

Examples of Existing Debt Refinancing in a sentence

• The Existing Debt Refinancing shall have been (or substantially concurrently with the effectiveness of this Agreement shall be) consummated, and the Administrative Agent shall have received customary evidence thereof.

• The proceeds of the Loans will be used by the Borrower (a) on the Closing Date solely for (i) the payment of fees and expenses payable in connection with the Transactions (including making required payments under the Plan of Reorganization) and (ii) the Existing Debt Refinancing, and (b) for general corporate purposes.

• The proceeds of the Term Loans are to be used solely to finance, in part, the Acquisition Consideration, the Existing Debt Refinancing and the Transaction Costs and the synthetic letter of credit facility is to be used to support payment obligations incurred in the ordinary course of business by the Borrower and its subsidiaries.

• Use the proceeds of the Loans solely (i) to fund the Existing Debt Refinancing, (ii) to pay fees, costs and expenses (including, without limitation, attorney’s fees) incurred in connection with the Loans, the Existing Debt Refinancing and the other Transactions, and (iii) for working capital and other general corporate purposes of Holdings and its Subsidiaries, and to make capital expenditures, acquisitions, Investments, distributions and Restricted Payments permitted by this Agreement from time to time.

• Use the proceeds of Loans solely (i) to finance the Acquisition, (ii) to effectuate the Existing Debt Refinancing, (iii) to pay fees, costs and expenses (including, without limitation, attorney’s fees) incurred in connection with the Transactions and (iv) to finance working capital and other general corporate purposes of the Borrower and its Subsidiaries.

More Definitions of Existing Debt Refinancing

Existing Debt Refinancing means (a) the repayment in full of all principal, accrued and unpaid interest, fees, premium, if any, and other amounts outstanding under the Existing Credit Agreements, other than (i) contingent obligations not then due and payable and that by their terms survive the termination of the Existing Credit Agreements and (ii) the Existing Letters of Credit, and (b) the termination of all commitments to extend credit thereunder and (c) the termination and/or release of any security interests and guarantees in connection therewith.

Existing Debt Refinancing means the repayment in full of the Indebtedness set forth on Schedule 1.01(c) and the termination of commitments thereunder and the release of all guarantees and security in respect thereof.

Existing Debt Refinancing means the repayment in full of all principal, accrued and unpaid interest, fees, premium, if any, and other amounts outstanding under the Existing ABL Facility, the Existing Term Loan Facility, and the other Debt of Holdings, the Borrower and the Restricted Subsidiaries set forth on Schedule 9.1, in each case, other than contingent obligations not then due and payable and that by their terms survive the termination of such loan documents, the termination of all commitments to extend credit thereunder and the termination and/or release of any security interests and guarantees in connection therewith.

Existing Debt Refinancing means the repayment, redemption, defeasance, discharge, refinancing or termination in full of (or, with respect to clause (b), irrevocable notice for such repayment, redemption, defeasance, discharge, refinancing or termination to the extent accompanied by any prepayments or deposits required to defease, terminate and satisfy in full such Indebtedness)

Existing Debt Refinancing means the repayment, redemption, defeasance, discharge, termination or refinancing of all existing third party Indebtedness for borrowed money of Holdings, the Borrower and the Subsidiaries, including repayment of all amounts outstanding and termination of commitments under, and release of all Liens (or delivery of customary payoff letters providing for such release and adequate provision having been made for such release) and Guarantees in respect of the Existing Debt Agreements, other than (a) Indebtedness of the Acquired Company and its Subsidiaries in the form of capital leases, purchase money debt, equipment financings and letter of credit facilities, in each case, incurred in the ordinary course of business, (b) any Indebtedness of the Acquired Company and its Subsidiaries permitted under the Merger Agreement and (c) other Indebtedness to be agreed between the Borrower and the Arranger (which shall not include any of the Existing Debt Agreements).

Existing Debt Refinancing has the meaning set forth in Section 5.02(b)(vii).

Existing Debt Refinancing means (a) the repayment in full of all principal, accrued and unpaid interest, fees, premium, if any, and other amounts outstanding under the Existing Credit Agreement, other than (i) contingent obligations not then due and payable and that by their terms survive the termination of the Existing Credit Agreements and (ii) the Existing Letters of Credit, the termination of all commitments to extend credit thereunder and the termination and/or release of any security interests and guarantees in connection therewith and (b) either the (i) redemption of the Existing Notes no later than 30 days after the Closing Date (with an irrevocable notice of redemption delivered (and deposit of cash in amount sufficient to redeem the Existing Notes in full being made on the Closing Date), (ii) irrevocable satisfaction and discharge of the Existing Notes in accordance with the terms of the Existing Indenture or (iii) tender offer and consent solicitation with respect to the Existing Notes the initial settlement of which shall close on the Closing Date and which, as a result of such tender offer and consent solicitation and/or any satisfaction and discharge in accordance with the terms of the Existing Indenture, the conflicts in the Existing Indenture are eliminated (and if any stub Existing Notes remain outstanding after such tender offer and consent solicitation, the redemption or satisfaction and discharge of such Existing Notes by MPH LLC in the manner described in either clause (a) or (b) above (with an irrevocable notice of redemption being delivered on the Closing Date).