First Out Loans definition

First Out Loans means, collectively, Ninth Amendment Term Loans, Tenth Amendment Term Loans, Eleventh Amendment Term Loans, Twelfth Amendment Term Loans, Thirteenth Amendment Term Loans, Fourteenth Amendment Term Loans, Fifteenth Amendment Term Loans and Sixteenth Amendment Term Loans.
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First Out Loans means, collectively, Ninth Amendment Term Loans, Tenth Amendment Term Loans, Eleventh Amendment Term Loans, Twelfth Amendment Term Loans, Thirteenth Amendment Term Loans, Fourteenth Amendment Term Loans and Fifteenth Amendment Term Loans.
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First Out Loans means, collectively, the Bankruptcy Preparation Overadvance, the Bridge Facility Overadvance, and the loans made pursuant to the Prepetition Bridge Credit Agreement).
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Examples of First Out Loans in a sentence

  • The proceeds of (i) the Initial Loans shall be used in connection with the Transaction and (ii) the 2021 Loans and First Out Loans shall be used solely for working capital purposes.

  • The relative priorities of the First Lien First Out Loans, the First Lien Last OutNew Money Loans and the Junior Loans shall be as set forth in the DIP Order and Section 6.02.

  • New First Out Loans to be paid in full prior to prepayment of New Second Out Loans.

  • Borrower: Same as New First Out Loans Guarantors: Same as New First Out Loans Administrative Agent and Collateral Agent: The New Agent.

  • Each prepayment or repayment of First Out Loans pursuant to Section 2.6 or (as the case may be) this paragraph (d), shall be applied to the principal amount of the First Out Loans then remaining unpaid, in each case, on a pro rata basis (based on the principal amount then remaining unpaid of each of the First Out Loans).

  • New Second Out Loans to be prepaid only after payment in full of New First Out Loans.

  • The New Loan Documents will contain standard indemnification and expense reimbursement provisions in favor of the New Agent and the lenders in respect of the New First Out Loans and the New Second Out Loans.

  • Tier 1 Definitions: (Tier 1 only includes First Lien Loans and First Out Loans) “Tier 1 Percentage” “Tier 1 Advance Rate” For First Lien Loans and First Out Loans, the percentage obtained by dividing (x) the Tier 1 Leverage Ratio by (y) the Leverage Ratio.

  • The terms set forth in this Summary of Principal Terms and Conditions (the “New First Out/Second Out Term Sheet”) are being provided as part of a comprehensive proposal, each element of which is consideration for the other elements and an integral aspect of the proposed New First Out Loans and the New Second Out Loans.

  • The Borrower will use the entire proceeds of each of the Revolving Loans and the First Out Loans for (a) working capital of the Borrower and the general corporate requirements of the Borrower, and (b) if and to the limited extent expressly permitted by Section 7.6 hereof, financing the Overhead Expenses of the Parent Company.


More Definitions of First Out Loans

First Out Loans means, collectively, the Bridge A Loans and the Bridge B Loans.
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First Out Loans mean any Loan structured as part of the First Out Tranche pursuant to Section
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First Out Loans has the meaning specified in Section 2.01(b).
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