Exit Term Loan B Facility definition

Exit Term Loan B Facility means the new last-out term loan lending facility in the aggregate amount determined in accordance with the Plan and Restructuring Support Agreement, which shall be on such terms as set forth in the Exit Term Loan B Facility Documentation.

Exit Term Loan B Facility means the new term loan lending facility in the aggregate amount of $285 million, which shall be on such terms as set forth in the Exit Term Loan B Facility Documentation.

Exit Term Loan B Facility has the meaning set forth in the Reorganization Plan.

Examples of Exit Term Loan B Facility in a sentence

• Any such gain or loss generally will be capital gain or loss and generally will be long-term capital gain or loss if the interest in the Exit Term Loan B Facility has been held for more than one year at the time of its sale, exchange or other taxable disposition.

• Upon the sale, exchange or other taxable disposition of an interest in the Exit Term Loan B Facility, a U.S. Holder generally will recognize taxable gain or loss equal to the difference, if any, between the amount realized on the sale, exchange or other taxable disposition (other than accrued but untaxed interest, which will be taxable as interest) and the U.S. Holder’s adjusted tax basis in its interest in the Exit Term Loan B Facility.

• A U.S. Holder’s initial tax basis in its interest in the Exit Term Loan B Facility will be increased by any previously accrued OID and decreased by any payments on the Exit Term Loan B Facility other than qualified stated interest.

More Definitions of Exit Term Loan B Facility

Exit Term Loan B Facility means the new term loan lending facility in the aggregate amount of$285 million, which shall be on such terms as set forth in the Exit Term Loan B Facility Documentation.