Existing First Lien Lenders definition

Existing First Lien Lenders means the lenders party to the Existing First Lien Credit Facility.
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Existing First Lien Lenders means the lenders from time to time holding Existing First Lien Indebtedness.
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Existing First Lien Lenders shall have the meaning assigned to such term in the definition of Existing First Lien Credit Agreement.
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Examples of Existing First Lien Lenders in a sentence

  • The Debtors’ obligations under the Existing First Lien Credit Agreement and the related guarantees are not secured by the Owned Real Property.On May 14, 2020, the Debtors entered into the Forbearance Agreement with the Existing First Lien Lenders to address a potential of default resulting from the Debtors suspending their business operations.

  • Pursuant to the Forbearance Agreement, the Existing First Lien Lenders permanently reduced the commitment from $180 million to $130 million and required certain additional prepetition payments, among other terms.Prior to entering into the Forbearance Agreement, the Debtors owed approximately $80,000,000 million in connection with the Existing First Lien Credit Facility, including $8,823,449 in letters of credit.

  • Notwithstanding anything to contrary herein, nothing herein or any other Loan Document shall, or shall be deemed to provide that the Liens of the Administrative Agent and the Lenders in any way prime the Liens of the Existing First Lien Agent or the Existing First Lien Lenders.

  • The Debtors and their advisors discussed a variety of different structures with the Existing First Lien Agent and their discussions ultimately focused on a structure where the Existing First Lien Lenders would roll up the obligations under the Existing First Lien Credit Facility into a revolving DIP Facility and extend up to $100,000,000 in postpetition DIP financing.

  • None of the prospective lenders made a proposal to provide subordinated ABL DIP financing.The first proposal for ABL DIP financing came from the Existing First Lien Lenders.


More Definitions of Existing First Lien Lenders

Existing First Lien Lenders means each financial institution that is a “Lender” as defined in the Existing First Lien Credit Agreement.
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Existing First Lien Lenders means the Holders of Existing First Lien Claims.
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Existing First Lien Lenders means the lenders party to the Senior Credit Facility.
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Existing First Lien Lenders means the lenders under the Existing First Lien Credit Agreement.
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Existing First Lien Lenders shall have the meaning given to such term in the Introductory Statement hereof.
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Existing First Lien Lenders means the lenders party to the Existing First Lien CreditAgreement.
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Existing First Lien Lenders means the lenders party to the Existing First Lien Credit Facility. “Existing Second Lien Collateral Agent” means GLAS Americas LLC.
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