New Loan Documentation definition
Examples of New Loan Documentation in a sentence
In the event that the Senior Bank Facility is amended to include an additional financial maintenance covenant, such additional financial maintenance covenant, or event of default relating to such covenant, shall be automatically and correspondingly added to the Definitive New Loan Documentation (taking into account any differences between the defined terms in the Senior Bank Facility and the defined terms of the Definitive New Loan Documentation) (an "Additional Maintenance Covenant").
The default provisions in the Definitive New Loan Documentation shall be similar to those in the Senior Bank Facility, except that it will only include cross-acceleration and not cross-default provisions with respect to the Senior Bank Facility.
Other than as set out above, no amendments, waivers or modifications to the Senior Bank Facility shall affect or alter in any way the Definitive New Loan Documentation.
Other than as set out in Section 27 or as contemplated in this Section 28, the Definitive New Loan Documentation shall not contain any financial covenants or financial maintenance covenants.
If the New Loan Amount will be less than the Maximum New Loan Amount, conforming changes will be made to the Definitive New Loan Documentation (defined below) in order to reflect the New Loan Amount as the stated amount of the New Loan.
The Definitive New Loan Documentation shall provide Tembec with the option to prepay all or a portion of the New Loan at any time upon payment of the principal amount of the New Loan to be prepaid (the "Prepaid Principal Amount") plus accrued and unpaid interest on such Prepaid Principal Amount and a premium on the Prepaid Principal Amount of 4% in the first year, 3% in the second year, 2% in the third year and no premium thereafter.
The New Loan Documentation shall be in form and substance satisfactory to JPMSI and Tembec, each acting reasonably, and consistent in all material respects with the Term Sheet and all conditions to the execution of the New Loan shall have been satisfied or waived by JPMSI and the other New Lenders.
The New Loan Documentation shall be in form and substance satisfactory to JPM and Tembec, each acting reasonably, and consistent in all material respects with the Term Sheet and all conditions to the execution of the New Loan shall have been satisfied or waived by JPM and the other New Lenders.
Sections 2, 4, 5 and 6 shall remain in full force and effect whether or not definitive New Loan Documentation shall be executed and delivered and notwithstanding the termination of this Agreement or the Backstop Loan Commitment.
At least sixty (60) days prior to the Maturity Date, the Lender will identify the New Lender to the Borrower and provide proposed drafts of the Novation Agreement or the New Loan Documentation, as applicable.