JPMorgan Facility definition
Examples of JPMorgan Facility in a sentence
On the Phase 2 Closing Date, after giving effect to the application of the proceeds of the Loans made on the Phase 1 Closing Date and the Phase 2 Closing Date, the outstanding principal amount of the Term Loan B (as defined in the JPMorgan Facility) shall be no greater than $250,000,000.
On the Closing Date, after giving effect to the application of the proceeds of the Loans made on the Closing Date, the outstanding principal amount of the Term Loan B (as defined in the JPMorgan Facility) shall be no greater than $250,000,000.
Acquiror shall have received a pay-off letter and release, in form and substance reasonably satisfactory to Sellers and Acquiror, executed by JPMorgan Chase Bank, N.A. irrevocably releasing and discharging CMFG Life and the Companies from all obligations under, and all Liens granted by CMFG Life in respect of its assets in favor of JPMorgan Chase Bank, N.A. in connection with, the JPMorgan Facility.
This Amendment shall become effective when, and only when (i) the Lenders shall have received a counterpart of this Amendment executed by each of the parties hereto and (ii) the JPMorgan Facility has become effective.
JPMorgan shall have entered into the Intercreditor Agreement with the Agents, in form and substance satisfactory to the Administrative Agent, pursuant to which JPMorgan shall have (i) consented to a second lien by the Collateral Agent on the same assets that are securing the JPMorgan Facility, (ii) agreed to cap the outstanding amount under the servicing rights financing to $49,000,000, and (iii) waived all defaults under the JPMorgan Facility.