Examples of Extended Credit in a sentence
Unless otherwise specifically defined herein, each term used herein that is defined in the Existing Credit Agreement or in the Extended Credit Agreement, as the context shall require, has the meaning assigned to such term in the Existing Credit Agreement or in the Extended Credit Agreement, as applicable.
Each reference to “hereof”, “hereunder”, “herein” and “hereby” and each other similar reference and each reference to “this Amendment” and each other similar reference contained in the Existing Credit Agreement shall, on and after the Second Amendment Effective Date, refer to the Extended Credit Agreement.
Each reference to “hereof”, “hereunder”, “herein” and “hereby” and each other similar reference and each reference to “this Amendment” and each other similar reference contained in the Existing Credit Agreement shall, after this Amendment becomes effective, refer to the Extended Credit Agreement.
On 29 December 2022, among others, the Security Provider 1, the guarantors party thereto, the Administrative Agent, as administrative agent, the European Collateral Agent, as collateral agent, and the lenders party thereto from time to time entered into a USD 607,729,725.09 and EUR 102,866,418.28 credit agreement governed by the laws of the State of New York (as amended, restated, supplemented or modified from time to time, the “ Extended Credit Agreement”).
The Extended Credit Terms will expire, automatically and without further notice, on the [***] month anniversary of the Reorganization Plan Effective Date.
Upon the expiration of the Chapter 11 Extended Credit Terms in accordance with this Section A.4.5, the Post-Emergence Credit Terms or Normal Credit Terms, as applicable, shall apply to the first [***] Statement transmitted by C&S after the expiration of the Chapter 11 Extended Credit Terms, and further, all Chapter 11 Extended Credit Term amounts outstanding in excess of the Post-Emergence Credit Terms shall be paid immediately to C&S.
Any such termination shall be as to the Extended Credit Program only and shall not otherwise affect the Agreement.
In the event the Assumption Order is not entered within thirty (30) days from the Petition Date or denied, C&S may, in its sole discretion, cease incurring the C&S Reimbursable Restructuring Costs until an order of the Bankruptcy Court is entered providing C&S the protections set forth in Section A.3.2. For the avoidance of doubt, the terms of the Chapter 11 Extended Credit shall apply only upon entry of the Financing Order in the Bankruptcy Cases, subject to termination as set forth in Section A.4.4.
On the Reorganization Plan Effective Date, the Chapter 11 Extended Credit Terms shall expire, and C&S shall provide BWD the Post-Emergence Credit Terms (as defined in Section 4.2(a)) or Normal Credit Terms (as defined in Section 4.2(c)), as applicable, as of the Reorganization Plan Effective Date.
Upon commencement of the Chapter 11 Extended Credit Terms, BWD shall pay C&S by wire transfer or ACH: (x) [***] of the [***] Statement Amount (as defined in Section 4.1) so as to be received by C&S by [***] (EST) on the [***] immediately following the [***] Statement date; and (y) [***] of the Statement Amount (as defined in Section 4.1) so as to be received by C&S by [***] (EST) on the [***] immediately following the [***] Statement date.