Existing Lender Debt definition

Existing Lender Debt has the meaning set forth in Preliminary Statement (1) of this Agreement.
Sample 1Sample 2Sample 3
Existing Lender Debt the aggregate principal amount of the Existing Revolving Credit Loans (after conversion of all Existing Swing Line Loans) and the Existing Term Loans on the Petition Date.
Sample 1
Existing Lender Debt shall have the meaning provided in the recitals to this Agreement.
Sample 1

Examples of Existing Lender Debt in a sentence

  • Prior to the Existing Lender Debt Repayment Date, the proceeds of the Tranche B Loans shall be used to fund Inventory purchases and for general corporate purposes of the Borrower and its Restricted Subsidiaries, in accordance with the terms of this Agreement and, on the Existing Lender Debt Repayment Date, to repay in full the Existing Lender Debt.

  • In the case of any Tranche A Extension of Credit on or after the date of entry of the Final Order, the Tranche B Commitments shall have been utilized to borrow Tranche B Loans to pay in full the Existing Lender Debt.

  • As of the date hereof, the Company is indebted to certain banks and institutions (the "Existing Lenders") pursuant to one or more of the agreements listed in Part A of Schedule I (collectively, the "Existing Lender Debt Documents"), and the aggregate principal amount owed as of the date hereof to each Existing Lender under the Existing Lender Debt Documents is set forth in Part B of Schedule I opposite the name of such Existing Lender (all such amounts, collectively, the "Existing Lender Debt").

  • Except for the Carve-Out, the Borrower shall not be entitled to assert any charges under Section 506(c) of the Bankruptcy Code against any Collateral securing the Obligations under this Agreement, any of the Loan Documents or any Collateral securing the Existing Lender Debt.

  • Without prejudice to any agreement of the Borrower or any other Grantor hereunder or under any other Financing Document, the indemnification and expense reimbursement obligations of the Borrower contained in the Existing Lender Debt Documents and the Existing Springdale Documents shall survive the Refinancing Closing and the payment in full of principal, interest and all other amounts payable thereunder.

  • To procure the payment in full by Power Trust 2000-A of the Existing Springdale Lease Participations, the proceeds of the Borrowing shall be credited to the Springdale Lender Agent for the account of the Existing Lenders and the Equity Participants according to their respective Existing Lender Debt and/or Existing Equity Participation (with the allocation of such crediting to be made in accordance with the terms of the Participation Agreement).

  • Prior to the Existing Lender Debt Repayment Date, all Tranche B Loans shall be ABR Loans and, after the Existing Lender Debt Repayment Date, the Tranche B Loans may from time to time be (i) Eurodollar Loans, (ii) ABR Loans or (iii) a combination thereof, as determined by the Borrower and notified to the Agent in accordance with subsection 4.5, PROVIDED that no Tranche B Loan shall be made as a Eurodollar Loan after the day that is one month prior to the Maturity Date.

  • The Credit Parties hereby acknowledge that (a) they are truly and justly indebted to the Existing Lenders for the Existing Lender Debt in the aggregate principal amount of $264,473,176.27 (including $11,823,176.23 in undrawn Existing Letters of Credit) plus accrued and unpaid interest, fees and expenses, without defense, counterclaim or offset of any kind and (b) the Existing Lender Debt is secured by valid, perfected and enforceable Liens on substantially all of the assets of the Credit Parties.

  • The Borrower shall have paid all accrued but unpaid interest on the Existing Lender Debt and all other fees, costs and charges owing in respect thereof under the Existing Credit Agreement.

  • As of the date hereof, the Borrower is indebted to certain banks and institutions (the "Existing Lenders") pursuant to one or more of the agreements listed in Part A of Schedule I (collectively, the "Existing Lender Debt Documents"), and the aggregate principal amount owed as of the date hereof to each Existing Lender under the Existing Lender Debt Documents is set forth in Part B of Schedule I opposite the name of such Existing Lender (all such amounts, collectively, the "Existing Lender Debt").


More Definitions of Existing Lender Debt

Existing Lender Debt means all Debt owed by the Borrower to the Existing Lenders under the Existing Lender Debt Documents.
Sample 1

Related to Existing Lender Debt

  • Existing Lenders as defined in the recitals hereto.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Refinancing Lender has the meaning assigned to such term in Section 2.23(c).

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Refinancing Revolving Lender has the meaning assigned to such term in Section 2.26(a).

  • Existing Loans has the meaning specified in Section 2.19(a).

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Exiting Lender see Section 2.17.7.

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Consenting Lenders has the meaning specified in Section 2.13(b).

  • Refinancing Loan has the meaning specified in Section 2.15(b).

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Existing Loan means the loan identified on Exhibit H.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Extending Lenders has the meaning specified in Section 2.08.

  • Subordinated Lenders means the holders of Subordinated Debt.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.