New First Lien Credit Agreement definition

New First Lien Credit Agreement means the credit agreement with respect to the New First Lien Term Loan Facility.

New First Lien Credit Agreement means the agreement to be entered into by the Reorganized Debtors, the New First Lien Agent, and the New First Lien Lenders on the Effective Date that shall govern the New First Lien Credit Facility.

New First Lien Credit Agreement means the DIP Agreement, which credit agreement will cease to be a debtor-in-possession credit agreement and will take effect as a new first lien credit agreement on the Plan Implementation Date in accordance with the terms hereof and thereof and, accordingly, any reference herein to the New First Lien Credit Agreement also means the DIP Agreement, as applicable.

Examples of New First Lien Credit Agreement in a sentence

• Notwithstanding anything to the contrary in the foregoing, the exculpation set forth above does not release or exculpate any Claim relating to any post-Effective Date obligations of any Party or Entity under the Plan, any Restructuring Transaction, or any document, instrument, or agreement (including the New First Lien Credit Agreement Documents, the New Junior Lien Credit Agreement Documents, and other documents, instruments and agreements set forth in the Plan Supplement) executed to implement the Plan.

• The Company shall deliver a copy of the fully executed New First Lien Credit Agreement to the Supporting Noteholders.

• At the Closing, the representations and warranties of the Company in the New First Lien Credit Agreement and New Second Lien Credit Agreement will be true and correct and shall be affirmed as though fully set forth herein, it being understood, for the avoidance of doubt, that such representations and warranties may be qualified by disclosure schedules related thereto and may be qualified by materiality and references to time, as applicable.

• The New First Lien Credit Agreement shall (i) be in a principal amount not in excess of three hundred million dollars ($300,000,000), (ii) have a term no less than five (5) years, (iii) have amortization not in excess of one percent (1%) per annum and (iv) otherwise be in form and substance reasonably acceptable to the Supporting Noteholders.

• The New First Lien Credit Agreement shall be substantially in the form contained in the Plan Supplement.

More Definitions of New First Lien Credit Agreement

New First Lien Credit Agreement has the meaning set forth in the Recitals.

New First Lien Credit Agreement means the new credit agreement with respect to the New First Lien Term Loan Facility, which shall be consistent with the New Secured TL Term Sheet.

New First Lien Credit Agreement means that certain Credit Agreement, dated as of the date hereof, by and among Holdings, the Borrower, the lenders party thereto and WTNA, as administrative agent (together with its successors, in such capacity, the “New First Lien Administrative Agent”) and WTNA, as collateral agent (together with its successors, in such capacity, the “New First Lien Collateral Agent”), as amended, restated, amended and restated supplemented, replaced, refinanced or otherwise modified from time to time.

New First Lien Credit Agreement means that certain Credit Agreement, dated as of March 22, 2024, by and among Holdings, the Borrower, the lenders party thereto from time to time, Wilmington Trust, National Association, as administrative agent, and the New First Lien Collateral Agent, and the other parties from time to time party thereto, as amended, restated, supplemented, replaced, refinanced or otherwise modified from time to time.

New First Lien Credit Agreement means that certain credit agreement, effective as of the Effective Date, by and among the Reorganized Debtors, the New First Lien Agent, and the New First Lien Lenders, which shall be in form and substance acceptable to the Debtors and the Plan Sponsors, together with all notes, agreements (including, without limitation, any guaranty agreements, pledge and collateral agreements, intercreditor agreements, and intercompany subordination agreements), documents, and instruments delivered pursuant to or in connection therewith, each in form and substance acceptable to the Plan Sponsors and the Debtors, as it may be amended, modified, or supplemented from time to time. The principal terms of the New First Lien Credit Agreement shall be set forth on Exhibit 1.78, to be filed with the Plan Supplement, and in form and substance acceptable to the Debtors and the Plan Sponsors.

New First Lien Credit Agreement means that certain term loan credit agreement, which shall be effective on the Effective Date, by and among certain of the Reorganized Debtors, the New First Lien Facility Agent, and the New First Lien Facility Lenders, as it may be amended, supplemented, amended and restated, or otherwise modified from time to time, the material terms of which shall be substantially identical to those in the Priority First Lien Credit Agreement, except that the maturity date shall be five years after the Effective Date and the term loans under the New First Lien Facility shall bear interest at a rate of LIBOR plus 7.5% per annum payable-in-kind; provided that the Reorganized Debtors shall have the ability at any time to elect to pay interest at a rate of LIBOR plus 7% per annum payable in cash for any period.

New First Lien Credit Agreement means that certain credit agreement, effective as of the Effective Date, by and among Reorganized Lee Enterprises, as borrower, DBTCA, as administrative agent and sole collateral agent, and the New First Lien Lenders, which shall be substantially in the form of Exhibit 1.73 to this Plan.