Existing Secured Lenders definition

Existing Secured Lenders means all the existing secured lenders of the Borrower as listed in Schedule II of this Agreement.
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Existing Secured Lenders means the lender parties to the existing Credit Agreement (the "Existing Credit Agreement") dated as of August 11, 1997 among PSC; Philxx Xxxvices (Delaware), Inc.; Canadian Imperial Bank of Commerce ("CIBC"), as Administrative Agent; Bankers Trust Company ("BTCo"), as Syndication Agent; CIBC and BTCo, as Co-Arrangers; Dresdner Bank Canada and Dresdner Bank AG New York Branch, as Documentation Agent; and the various lenders from time to time parties thereto, including all amendments and modifications thereto. For purposes of this Agreement, the term "Majority Existing Secured Lenders" means, collectively, holders of not less than two-thirds (2/3) of the outstanding indebtedness under the Existing Credit Agreement. WHEREFORE, for good and valuable consideration, the adequacy, sufficiency and receipt of which is hereby acknowledged, PSC, High River, AREH and Foothill agree as follows:
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Existing Secured Lenders means GGP, the GGP Funds, Pura Vida Master Fund, Ltd., Pura Vida Pro Special Opportunity Master Fund, Ltd., and Parallax Master Fund, L.P.;
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Examples of Existing Secured Lenders in a sentence

  • All the Debtors' admissions, stipulations and releases contained in the Second Interim Order (I) Authorizing the Debtors to Use Cash Collateral of Existing Secured Lenders and (II) Granting Adequate Protection for Use Thereof [Docket No. 45] (“Second Cash Collateral Order”) are incorporated herein.

  • Here we briefly summarize the application of this code to our dataset.

  • On March 26, 2010, the Bankruptcy Court entered the Interim Order (a) Authorizing the Debtors to Use Cash Collateral of Existing Secured Lenders and Granting Adequate Protection for Use and (b) Prescribing the Form and Manner of Notice and Setting the Time for the Final Hearing [Docket No. 35] (the “First Interim Cash Collateral Order”).

  • On April 26, 2010, the Bankruptcy Court entered the Consensual Third Interim Order: (a) Authorizing the Debtors to Use Cash Collateral of Existing Secured Lenders and Granting Adequate Protection for Use; (b) Granting Adequate Protection for Use; and (c) Granting Related Relief [Docket No. 152] (the “Third Interim Cash Collateral Order”).

  • On April 12, 2010, the Bankruptcy Court entered the Second Interim Order (a) Authorizing the Debtors to Use Cash Collateral of Existing Secured Lenders and Granting Adequate Protection for Use and (b) Prescribing the Form and Manner of Notice and Setting the Time for the Final Hearing [Docket No. 120] (the “Second Interim Cash Collateral Order”).

  • On the Petition Date, the Debtors filed the Debtors’ Emergency Motion for Interim and Final Orders (a) Authorizing the Debtors to Use Cash Collateral of Existing Secured Lenders and Granting Adequate Protection for Use and (b) Prescribing Form and Manner of Notice and Setting the Time for the Final Hearing [Docket No. 7] (the “Cash Collateral Motion”).

  • On June 7, 2010, following a contested hearing on the Debtors’ proposed use of Cash Collateral, the Court entered, on a non-consensual basis, the Final Order: (a) Authorizing the Debtors to Use Cash Collateral of Existing Secured Lenders; (b) Granting Adequate Protection for Use; and (c) Granting Related Relief [Docket No. 272] (the “Final Cash Collateral Order”).

  • The Borrower shall have procured no objection certificates from its Existing Secured Lenders for creation of the security interest on the Borrower’s assets for securing the Loan within a period of 3 (three) months from the date of 1st (first) disbursement.


More Definitions of Existing Secured Lenders

Existing Secured Lenders has the meaning set forth in the Recitals.
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Related to Existing Secured Lenders

  • Secured Lender means an individual or organization originating a loan in a real estate or business opportunity transac- tion secured by real estate or by the assets of a business or a busi- ness opportunity.

  • Existing Lenders as defined in the recitals hereto.

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

  • Subordinated Lenders means the holders of Subordinated Debt.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Required Lenders means, at any time, Lenders having Revolving Exposures, Term Loans and unused Commitments representing more than 50% of the sum of the total Revolving Exposures, outstanding Term Loans and unused Commitments at such time.

  • Majority Revolving Lenders at any time, (a) if only one Revolving Lender holds the Total Revolving Commitments at such time, such Revolving Lender, both before and after the termination of such Revolving Commitment; and (b) if more than one Revolving Lender holds the Total Revolving Commitment, at least two Revolving Lenders who hold more than 50% of the Total Revolving Commitments (including, without duplication, the L/C Commitments) or, at any time after the termination of the Revolving Commitments when such Revolving Commitments were held by more than one Revolving Lender, at least two Revolving Lenders who hold more than 50% of the Total Revolving Extensions of Credit then outstanding (including, without duplication, any L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time)); provided that the Revolving Commitments of, and the portion of the Revolving Loans and participations in L/C Exposure and Swingline Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Requisite Revolving Lenders means Lenders having (a) more than 50% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Revolving Loan.

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

  • Existing Revolving Credit Agreement means that certain Revolving Credit Agreement, dated as of August 29, 2018, among the Borrower, the other borrowers party thereto, the lenders and letter of credit issuers from time to time party thereto and Xxxxx Fargo Bank, National Association, as administrative agent (as amended, restated, supplemented or otherwise modified from time to time).

  • Requisite Lenders means Lenders having (a) more than 50% of the Commitments of all Lenders, or (b) if the Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Loans.

  • Majority Lenders means a Lender or Lenders whose Commitments aggregate more than 662/3% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 662/3% of the Total Commitments immediately prior to the reduction).

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

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

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Extending Lenders has the meaning specified in Section 2.08.

  • Majority Term Lenders at any time, (a) if only one Term Lender holds the Term Loan, such Term Lender; and (b) if more than one Term Lender holds the Term Loan, at least two Term Lenders who hold more than 50% of the principal sum of all Term Loans outstanding; provided that the portion of the Term Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Term Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

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

  • Lender Creditors shall have the meaning provided in the recitals of this Agreement.

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

  • Continuing Lenders as defined in the recitals hereto.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Requisite Term Loan Lenders shall in no event mean less than two Term Loan Lenders.

  • 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).