Existing Secured Lender definition

Existing Secured Lender means LIMAB.
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Existing Secured Lender means JP MorganChase Bank, as Administrative Agent for the Lenders under that certain 3-Year Credit Agreement dated as of June 28, 2002.
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Existing Secured Lender means Laurus Master Fund, Limited.
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Examples of Existing Secured Lender in a sentence

  • Felger, Esq., and Simon Fraser, Esq., e-mail: mfelger@cozen.com and sfraser@cozen.com; (ii) counsel for the Debtors’ Existing Secured Lender: Vinson & Elkins, The Grace Building, 1114 Avenue of the Americas, 32nd Floor, New York, NY 10036, Attn: Steven M.

  • For purposes of the Plan, the Holders of the Existing Secured Lender Claims in Class 1, the Holders of the Rollup Notes Claims in Class 2, and the Holders of the General Unsecured Claims in Class 6 are the only Impaired Classes that are entitled to vote on the Plan.

  • Under the Plan, the Existing Secured Lender Claims (Class 1), the Rollup Note Claims (Class 2), and the General Unsecured Claims (Class 6) are Impaired and, therefore, entitled to vote on the Plan.

  • Finally, from time to time as determined by the Litigation Trust Committee, the holders of Existing Secured Lender Claims shall receive their Pro Rata share of sixty percent (60%) of any of the Preference Claim Litigation Trust Proceeds available on the dates that such proceeds are distributed by the Litigation Trust Committee.

  • After the Administrative Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Section 3.01 of the Common Terms Agreement, the Administrative Agent shall make such funds available to the Intercreditor Agent for further application to the repayment of the Existing Secured Lender Debt.

  • As discussed below and in the Plan, the Debtors intend to apply for a grant from the RRF to fund Plan payments and post- bankruptcy operations, which, together with a $1 million capital contribution from the Existing Secured Lender, funds from Employee Tax Credits, and funds from operations, and other sources, will fund the Debtors’ obligations in the Plan.

  • The conditions to Confirmation and the Effective Date set forth in Article XI of the Plan may be waived by the Debtors (with the consent of the Existing Secured Lender) without notice, leave, or order of the Bankruptcy Court or any formal action other than proceedings to confirm or consummate the Plan.

  • Use the proceeds of (i) the Term B Borrowing and the Term C Borrowing on the Closing Date to refinance the Borrower’s Existing Secured Lender Debt and (ii) any Term B Borrowing made pursuant to Section 2.14 of the Term B Credit Agreement subsequent to the Closing Date solely for working capital purposes or to refinance amounts outstanding under the Term C Credit Agreement.

  • Upon Plan Effectiveness, a portion of each Special Lender's Existing Secured Lender Claims shall be automatically converted to a term loan hereunder payable by the Company to such Lender (each such loan, a "Special Loan") in an amount equal to the amount of Special Loan set forth opposite such Lender's name on Schedule 2.1.

  • Upon Plan Effectiveness, a portion of each Tranche A Term Lender's Existing Secured Lender Claims shall be automatically converted to a term loan hereunder payable by the Company to such Lender (each such loan, a "Tranche A Term Loan") in an amount equal to the amount of Tranche A Term Loan set forth opposite such Lender's name on Schedule 2.1.

Related to Existing Secured Lender

  • Secured Lender means a lender under a Secured Lender’s Security Agreement.

  • Existing Security Documents shall have the meaning assigned to such term in the recitals hereto.

  • Existing Security Agreement has the meaning set forth in the recitals hereto.

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

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Existing Security means any Security granted by any Person over its Assets in respect of any Relevant Indebtedness and which is existing at the relevant Issue Date or at the time any such Person becomes a Material Subsidiary or whose business and/or activities, in whole or in part, are assumed by or vested in the Issuer or a Material Subsidiary after the relevant Issue Date (other than any Security created in contemplation thereof) or any substitute Security created over those Assets (or any part thereof) in connection with the refinancing of the Relevant Indebtedness secured on those Assets provided that the principal, nominal or capital amount secured on any such Security may not be increased;

  • Existing Secured Notes means the previously issued debt securities of the Issuers outstanding on the date hereof.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Refinancing Lender means, at any time, any bank, other financial institution or institutional investor that agrees to provide any portion of any Credit Agreement Refinancing Indebtedness pursuant to a Refinancing Amendment in accordance with Section 2.28; provided that each Refinancing Lender (other than any Person that is a Lender, an Affiliate of a Lender or an Approved Fund of a Lender at such time) shall be subject to the approval of the Administrative Agent and each Issuing Bank (in the case of Other Refinancing Revolving Commitments or Other Refinancing Revolving Loans) (such approval not to be unreasonably withheld or delayed), in each case to the extent any such consent would be required from the Administrative Agent and each Issuing Bank (in the case of Other Refinancing Revolving Commitments or Other Refinancing Revolving Loans) under Section 10.4(b) for an assignment of Loans or Commitments to such Refinancing Lender.

  • Controlling Secured Parties means, with respect to any Shared Collateral, (i) at any time when the Credit Agreement Collateral Agent is the Controlling Collateral Agent, the Credit Agreement Secured Parties and (ii) at any other time, the Series of First-Lien Secured Parties whose Authorized Representative is the Applicable Authorized Representative for such Shared Collateral.

  • Terminated Lender as defined in Section 2.19.

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

  • Existing Lenders means the lenders party to the Existing Credit Agreement.

  • Non-Controlling Secured Parties means, with respect to any Shared Collateral, the First Lien Secured Parties which are not Controlling Secured Parties with respect to such Shared Collateral.

  • Declining Lender has the meaning specified in Section 2.05(c).

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

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

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

  • 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).

  • Performing Second Lien Bank Loans means Second Lien Bank Loans which are Performing.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Approved Lender is defined in Section 12.1.

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Tranche B Lender means a Lender with a Tranche B Commitment or an outstanding Tranche B Loan.

  • Continuing Lender means with respect to any event described in Section 2.08(b), a Lender which is not a Retiring Lender, and “Continuing Lenders” means any two or more of such Continuing Lenders.

  • DIP Lender means a lender under the DIP Facility.