Examples of Holdco Credit Agreement in a sentence
PennTex is the sole member of NLA Holdings and owns a 100% membership interest in NLA Holdings (the “ NLA Holdings Interest”) free and clear of all Liens, other than Liens created under the Holdco Credit Agreement.
Each Lender acknowledges and agrees that issuance of the GCEH Warrants to such Lender satisfies the obligation of the Borrower to pay both (x) the Amendment & Consent Premium (as defined in Section 3 of Amendment No. 5 to the Credit Agreement, dated as of July 29, 2021) and (y) the Waiver Premium (as defined in Section 3 of Amendment No. 3 to the Holdco Credit Agreement, dated as of July 29, 2021).
PennTex is the sole member of ManagementCo and owns a 100% membership interest in ManagementCo (the “ ManagementCo Interest”) free and clear of all Liens, other than Liens created under the Holdco Credit Agreement.
Amount represents imputed interest associated with satellite performance incentives required to be excluded from interest expense for the calculation of Intelsat Bermuda Adjusted EBITDA as defined under the terms of the Intelsat Bermuda Indentures, but permitted to be included as part of interest expense for the calculation of Sub Holdco Adjusted EBITDA as defined under the terms of the New Sub Holdco Credit Agreement.
Amount represents satellite performance incentive interest expense required to be excluded from interest expense for the calculation of Intelsat Bermuda Adjusted EBITDA as defined under the terms of the Intelsat Bermuda indentures, but permitted to be included as part of interest expense for the calculation of Intelsat Sub Holdco Adjusted EBITDA as defined under the terms of the New Sub Holdco Credit Agreement.