New First Lien Term Loan definition

New First Lien Term Loan shall have the meaning set forth in the Plan.

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New First Lien Term Loan means a first lien credit facility in an aggregate principal amount of the New First Lien Term Loan Amount, which facility shall be funded by the proceeds of the New Money Investment. The principal terms of the New First Lien Term Loan shall be consistent with those set forth in the RSA, or otherwise in form and substance reasonably acceptable to the Requisite Backstop Parties.

New First Lien Term Loan means that certain term loan facility, consisting of Tranche A, Tranche B and Tranche C, that PES Holdings will incur on the Effective Date, on terms consistent with the New First Lien Term Loan Term Sheet and reasonably acceptable to the Required Consenting Cash Flow Creditors as set forth in the Restructuring Support Agreement.

Examples of New First Lien Term Loan in a sentence

The Investors and the Company shall not (a) amend the SPBA, (b) waive any condition to the Chapter 11 Plan, or (c) consent to any amendment to the Chapter 11 Plan or the New First Lien Term Loan (as defined in the Chapter 11 Plan) in each case in a way that is materially adverse to the Assignee without the prior written consent of the Assignee.
The amount of the New Money Investment each participant purchases through the Rights Offering and the Plan will be allocated as follows (as may be adjusted to account for the adjusted Preferred Investment Amount): (i) 13.0434782% to commitments under the New ABL Revolver; (ii) 43.4782609% to the purchase of notes issued under the New First Lien Term Loan; and (iii) 43.4782609% to the investment of the Preferred Investment Amount (defined below).
Anti-Layering The Issuer and the Guarantors shall not incur indebtedness that is contractually subordinated in right of payment to the New First Lien Term Loan and the New Second Lien Term Loan unless such indebtedness is expressly subordinated in right of payment to the Third Lien Notes.
Redemption To the extent permitted under the New Revolving Facility, the New First Lien Term Loan, the New Second Lien Term Loan and the New Third Lien Notes, the Company shall be permitted to purchase Warrants in open market transactions, provided, that any Warrants purchased in open market transactions are immediately retired and the Company shall have no voting rights with respect thereto.
The Company shall consult and use its commercially reasonable efforts to cooperate with the Supporting Noteholders in connection with the negotiation and execution of the New First Lien Term Loan and all documents related thereto.

More Definitions of New First Lien Term Loan

New First Lien Term Loan means the $125 million first lien term loan credit facility, which will have the terms set forth in the New First Lien Term Loan Documents and shall be distributed to Holders of First Lien Term Loan Claims Pro Rata in partial satisfaction of and on account of their First Lien Term Loan Claim.

New First Lien Term Loan means the loan evidenced by the New First Lien Term Loan Agreement.

New First Lien Term Loan means the new term loan credit facility in the approximate amount of $483 million made available to Reorganized MACH Gen pursuant to the New First Lien Facilities Documents.

New First Lien Term Loan means that certain $60 million first lien term loan credit facility between the Reorganized Debtors and the Prepetition Term Lenders as set forth in the New First Lien Term Loan Documents.

New First Lien Term Loan has the meaning set forth in the Recitals.

New First Lien Term Loan means a first priority senior secured term loan in the amount of

New First Lien Term Loan means the new first lien term loan credit facility in the amount of up to $252 million, which will have the terms set forth in the Restructuring Support Agreement and the New First Lien Term Loan Documents.