Examples of First Lien Term Loan Lenders in a sentence
There is no material pending Proceeding that has been commenced against Agent or the First Lien Term Loan Lenders and that challenges, or may have the effect of preventing, delaying, making illegal or otherwise interfering with, any of the Contemplated Transactions.
Parent is entering into this Agreement in its capacity as borrower under, and the other Sellers are entering into this Agreement in their capacities as guarantors under, (i) the first lien term loan (the "First Lien Term Loan"), dated February 12, 2007, with Agent and the other lenders party thereto (the "First Lien Term Loan Lenders"), and (ii) the second lien term loan (the "Second Lien Term Loan"), dated February 12, 2007, with Agent and the other lenders party thereto.
This Agreement and Agent's Closing Documents have each been duly and validly executed and delivered by Agent on behalf of itself and the First Lien Term Loan Lenders.
Upon the execution and delivery by Agent of this Agreement and each of Agent's Closing Documents, each of Agent's Closing Documents will constitute the legal, valid and binding obligation of Agent and the First Lien Term Loan Lenders, enforceable against such parties in accordance with its respective terms.
The consideration for the Assets other than Inventories and the TrimQuest Membership Interest (the "Credit Bid Assets") will be: (i) certain indebtedness held by the First Lien Term Loan Lenders under the First Lien Term Loan in the aggregate amount of $ , to be surrendered by Agent pursuant to the Sale Order (the "Term Lenders' Indebtedness"), and (ii) the assumption of the Assumed Liabilities.