Examples of Existing First Lien Credit Agreement in a sentence
If the Borrower fails to so reimburse the L/C Issuer by such time, the Administrative Agent shall promptly notify each L/C Participant of the Honor Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such L/C Participant’s share thereof pursuant to the terms of the Existing First Lien Credit Agreement.
The Borrower shall pay to the Administrative Agent for the account of each L/C Participant in accordance with its Pro Rata Share (as defined in the Existing First Lien Credit Agreement) a Letter of Credit fee for each Letter of Credit issued pursuant to this Agreement equal to the product of (i) Applicable Rate for Letter of Credit fees and (ii) the daily maximum amount then available to be drawn under such Letter of Credit.
Any funding under the Existing First Lien Credit Agreement (including Section 2.03 thereof) disbursed on the Honor Date in reimbursement of the17-10496-smb Doc 54-1 Filed 03/10/17 Entered 03/10/17 14:29:27 Exhibit Pg 41 of 147 L/C Issuer, including any related accrued but unpaid fees, shall be deemed to be made and outstanding under this Agreement as a Loan hereunder in accordance with the Interim Order (or the Final Order, as the case may be) ranking pari passu with the balance of the Loans.
On April 23, 2018, before the start of solicitation of lender consents, the then Existing First Lien Agent requested that the Debtors comply with section 6.02(c) of the Existing First Lien Credit Agreement, which required the Company to provide the Existing First Lien Agent with the same information that it provided to Ares on Friday, April 20th.
However, there is at present a category of information exchange covered by the IBER for which the insurance sector does not possess distinct characteristics setting it apart from other sectors.