Examples of New First Lien Lenders in a sentence
The New First Lien Lenders shall have valid, binding and enforceable liens on the collateral specified in the New First Lien Credit Agreement.
The New First Lien Lenders shall have received the Initial Budget (as defined below) which will govern the use of the Refinancing Facility, which Initial Budget shall be in form and substance satisfactory to the New First Lien Lenders.
The Borrower shall agree to participate (together with its advisors) in a weekly call with the New First Lien Lenders and their advisors to discuss: (a) the Budget and such variance report and (b) the status of negotiations on any DIP financing proposals received by the Company, and the status of any DIP marketing efforts.
During this time, the Company and the New First Lien Lenders will continue to discuss various options and alternatives regarding the Company’s balance sheet.
Box 1.1. United States NCP Reform In July 2010, the Assistant Secretary for the U.S. Department of State’s Bureau of Economic, Energy and Business Affairs (EEB) launched an initiative to review the U.S. NCP function, in conjunction with the 2011 Update of the Guidelines.