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.
Note, holders of the Prepetition ABL Facility, First Out Loans, and Prepetition Term Loan Facility must receive payment in full in cash before payments can be received under the New FTF Inc.
This data should be read in conjunction with, and is qualified in its entirety by reference to, ‘‘Management’s Discussion and Analysis of Financial Condition and Results of Operations’’ and the consolidated financial statements and accompanying notes included in ‘‘Exhibits and Financial Statement Schedules’’ of this Annual Report.
Note is unsecured and subordinated to the Prepetition ABL Facility, First Out Loans, and the Prepetition Term Loan Facility.
Marital processes, neuroticism, and stress as risk factors for internalizing symptoms.
For First Lien Loans and First Out Loans, the Tier 2 Leverage Ratio shall mean the lower of (i) the higher of (A) the Leverage Ratio minus 4.25 and (B) zero, and (ii) 5.50 minus 4.25.
The Prepetition Term Loan Facility and First Out Loans mature in 2020 and are secured by second-priority liens on substantially all of the Debtors’ assets.
As of the Petition Date, the Debtors had approximately $424.2 million in principal outstanding under the Prepetition Term Loan Facility in addition to the $14 million in principal outstanding under the First Out Loans.
As a result, on February 5, 2018, the Board unanimously approved an amendment to the Prepetition Term Loan Facility enabling the Debtors to borrow the First Out Loans.
As of the Petition Date, the Debtors’ capital structure consisted of outstanding funded-debt obligations in the aggregate principal amount of approximately $760.77 million, consisting of the Prepetition ABL Facility, the First Out Loans, the Prepetition Term Loan Facility, the New FTF Inc.