Examples of Existing NPA in a sentence
The covenants other than financial covenants (and other covenants that establish limitations based on meeting certain financial ratios or percentages of financial amounts (such as consolidated tangible net worth) shall not in the aggregate be materially more adverse to Transwestern than those contained in the Existing NPA.
The proceeds of the Loans and the Letters of Credit shall be used (a) to refinance existing Debt of Holdco under the Existing NPA, (b) to provide working capital and for general company purposes, (c) for acquisitions of Oil and Gas Properties and (d) to pay related fees and expenses.
The Lender acknowledges and agrees that the payment of all or any portion of the outstanding principal amount of and all interest on this Note shall be pari passu in right of payment and in all other respects to the other Notes issued pursuant to the Purchase Agreement and the Existing NPA, or pursuant to the terms of such Notes.
The Hillside smelter potline 1 and 2 Existing NPA has run its course and the existing potline 3 Existing NPA will be cancelled by mutual consent on approval of this proposed NPA.This proposed NPA does not make provision for unilateral termination.Both parties would be contractually obliged to honour the proposed NPA, once approved and subsequently implemented.
Existing NPA rescheduled cases, if any, shall be excluded from Resolution herewith.
The execution of this Agreement and the Transaction Documents executed in connection herewith does not extinguish the obligations, indebtedness and liabilities outstanding in connection with the Existing NPA nor does it constitute a novation with respect to such obligations, indebtedness and liabilities.
The Obligors shall have provided to the Purchasers a true, correct and complete copy of the Existing Credit Facility that is in full force and effect as of the Closing, and the Obligors and the noteholders under the Existing NPA shall have executed and delivered an amendment to the Existing NPA, in each case, reflecting covenants and related definitions consistent with the terms of this Agreement.
Each Collateral Agent, on behalf of itself and each Secured Party under the applicable Bridge Notes NPA, Existing NPA, FP NPA or Additional First Lien Debt Facility, agrees that it will (at the sole cost and expense of the Company) take such further action and shall execute and deliver such additional documents and instruments (in recordable form, if requested) as the other parties hereto may reasonably request to effectuate the terms of, and the Lien priorities contemplated by, this Agreement.
The Authorized Representative represents and warrants that the Existing NPA provides that this Agreement is binding upon the Existing Notes Secured Parties.
This proposed NPA will remove the risk of dispute between Eskom and South32 on the expiry date of the Hillside smelter potlines 1 and 2 Existing NPA.