Examples of Junior Term Loan in a sentence
Upon the delivery of such certificate and the related attachments as provided above, the obligations designated in such notice shall become ABL Secured Obligations, New Money Term Loan Secured Obligations or Junior Term Loan Secured Obligations, as applicable, for all purposes of this Agreement.
Our obligations under the Junior Term Loan Agreement are guaranteed by our subsidiaries that guarantee the 2026 Notes as set forth in the Junior Term Loan Agreement.
Considerations for Retrofitting Emissions Control Systems in Australian Coal Power Plants (October 2019) <https://www.energycouncil.com.au/media/17633/wsp-final-report.pdf>.
Each of the ABL Agent, on behalf of itself and the ABL Secured Parties, the New Money Term Loan Agent, on behalf of itself and the New Money Term Loan Secured Parties, the Junior Term Loan Agent, on behalf of itself and the Junior Term Loan Secured Parties, and each Grantor agrees that it shall not at any time execute or deliver any amendment or other modification to any of the First Priority Documents, the Second Priority Documents or the Third Priority Documents in violation of this Agreement.
Except as otherwise provided herein, the Senior Term Claimholders and the Junior Term Claimholders will be entitled to manage and supervise their respective loans and extensions of credit under the applicable Senior Term Loan Documents or Junior Term Loan Documents, as applicable, in accordance with law and as they may otherwise, in their sole discretion, deem appropriate.
The incremental $110.0 million, 364-day maturity loan that was junior to the other obligations owed under the Prior Credit Agreement ("Additional Junior Term Loan") was paid off early and in full on February 5, 2021.On September 17, 2021, PFGC and Performance Food Group, Inc.
On January 9, 2008, the Senior Term Loan lenders notified the Corporation that it was exercising their right under an Intercreditor Agreement, by and between the Senior Term Loan lenders and the Junior Term Loan lenders, to preclude the Corporation from making any payments, including interest, to the 4.
At June 28, 2020, in accordance with ASC 852, the carrying value of our Debentures, Junior Term Loan and 2031 Notes equaled the aggregate principal value of the notes and were classified as liabilities subject to compromise.
The New Junior Term Loan shall (a) be in the principal amount of $43 million, (b) have cash pay interest that is the greater of (i) LIBOR and (ii) 1%, with a 4% cap and payment-in-kind interest of 700 basis points, (c) a maturity of six years and (d) be secured by substantially all of the Reorganized Debtors’ assets, junior in lien and payment to the New ABL Facility, the New Senior Term Loan and the New First Lien Term Loan.
The proceeds of the loans under the Junior Term Loan Agreement were used to effect the exchange with the lender of approximately $82.1 million in aggregate principal amount of 2027 Debentures, approximately $193.5 million in aggregate principal amount of 2029 Debentures and to pay fees, costs and expenses in connection with the debt refinancing.