Existing Second Lien Debt definition
Examples of Existing Second Lien Debt in a sentence
The proceeds of the Loans shall be used to (i) refinance outstanding Term Loans under, and as defined in, the Existing DIP Credit Agreement (as such agreement is in effect immediately prior to the Closing Date), (ii) fund working capital requirements of the Company, (iii) fund adequate protection payments in respect of the Existing Second Lien Debt permitted under the DIP Order, and (iv) fund settlement payments reasonably acceptable to the Required Lead Lenders.
Identify, study and recommend solutions to areawide problems through the development of comprehensive areawide plans and action programs.
The proceeds of the Loans and the Letters of Credit shall be available (and the Borrower agrees that it shall use such proceeds) solely for general corporate purposes of the Borrower and its Subsidiaries (including, at the Borrower’s option, (x) to the extent permitted by the New DIP Order, to fund adequate protection payments in respect of the Existing Second Lien Debt, if any, and (y) to fund settlement payments in respect of the UK Pension Scheme permitted by Schedule 5.02(q).
The Company has requested that the Lenders provide term loan facilities in an aggregate principal amount not to exceed $[848,200,000] (the “Facilities”), consisting of (i) first lien term loans in the aggregate principal amount of $[473,200,000] and (ii) second lien term loans in the aggregate principal amount of up to $375,000,000 deemed made hereunder in exchange for Existing Second Lien Debt.