Examples of New Credit Agreements in a sentence
On the Effective Date, the Reorganized Debtors shall enter into the New Credit Agreements and shall execute and deliver the New Credit Agreement Documents, and such documents shall become effective in accordance with their terms, all in accordance with the Restructuring Steps Memorandum.
Any Entity’s entry into the New Credit Agreements, if any, shall be deemed as its agreement to the terms of such New Credit Agreement Documents, as amended or modified from time to time following the Effective Date in accordance with its terms.
On or before December 31, 2000 (or such later date as permitted to any AC Pledge Borrowers to pledge Additional Collateral pursuant to the provisions of the Plan), the AC Pledge Borrowers, if any, shall grant to the AC Collateral Agent, for the benefit of the banks under New Credit Agreements Re D&O Loans, a first, perfected security interest in the Additional Collateral.
Each Borrower further acknowledges that, so long as Loans are outstanding, any payments made by such Borrower to Conseco on account of any loans made to such Borrower by Conseco to fund the payment of interest on the Existing Loans or the Loans are to be turned over by Conseco and paid to reduce permanently, on a pro rata basis, such Borrower's obligations under the New Credit Agreements Re D&O Loans.
So long as Loans are outstanding, each Borrower shall be obligated to cause all amounts to which such Borrower is entitled under the Plan (other than amounts expressly designated for the payment of taxes relating thereto) to be paid to reduce permanently, on a pro rata basis, such Borrower's obligations under the New Credit Agreements Re D&O Loans.