New Money Facility definition

New Money Facility means the term facility to be provided as a result of the Restructuring and on the terms set out in Part 4: New Money Facility of the Term Sheet.
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New Money Facility has the meaning specified in the recitals hereto.
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New Money Facility means an amount equal to $150,000,000.
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Examples of New Money Facility in a sentence

  • Backstop Fees The Backstop Parties shall be paid their respective Backstop Fees from the proceeds of the New Money Facility.

  • Each Peruvian OpCo shall duly execute and deliver a promissory note (xxxxxx incomplete) in favour of the Agent of the New Money Facility to evidence its obligations to pay the amounts outstanding under the New Money Facility.

  • Work Fees On the Restructuring Effective Date, either NewCo or the Peruvian OpCos shall pay, from existing working capital or the proceeds of the New Money Facility, to each of the Initial Consenting Creditors and HSBC-HK an amount equal to 1.5% of their respective Senior Claims as of 2 March 2021, provided that the Initial Consenting Creditors and HSBC-HK are party to this Agreement as Consenting Creditors and are Senior Creditors on the Restructuring Effective Date.

  • Backstop Each Backstop Party shall advance its Final Backstop Amount to the Agent of the New Money Facility and complete all “know-your-customer” requirements of the Agent of the New Money Facility by the deadlines set out in the Explanatory Statement.

  • Each Original Lender shall have the right to purchase its pro rata share of the commitments in the New Money Facility which any New Money Lender proposes to transfer to a person who is not an Original Lender.

  • Each Senior Creditor shall submit an irrevocable notice to the Information Agent indicating their decision to participate in the New Money Facility on the terms and by the deadline set out in the Approved Restructuring Documents.

  • Pre-Payment The New Money Facility will also have an appropriate yield protection in the form of a make whole provision which may be waived by lenders of not less than 75% of the aggregate amount of commitments under the New Money Facility.

  • Ranking The financial obligations of NewCo and each other obligor under the New Money Facility shall be senior in priority to the financial obligations of NewCo and Peruvian OpCos under the New Notes.

  • Participation Each Senior Creditor shall have the right to participate in the New Money Facility in an amount equal to its Participation Amount.

  • Guarantor(s) Subject to tax diligence and customary exclusions, each Peruvian OpCo shall irrevocably and unconditionally jointly and severally guarantee the obligations of NewCo under the New Money Facility as principal debtor.


More Definitions of New Money Facility

New Money Facility means the new money term loan facility in a principal amount of up to$5,000,000 as set forth in Section 2.01(a).
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New Money Facility has the meaning given to such term in the recitals to this Agreement.
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New Money Facility has the meaning set forth in Preliminary Statement (8) of this Agreement.
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New Money Facility. As part of the Transaction, CHF 475 million of new money will be made available to the Company pursuant to an unsecured, convertible term facility due 31 March 2027 provided by entities controlled by the Shareholders. This facility will be used to refinance the Interim Liquidity Facil- ity. The New Money Facility will have a fixed interest rate of 12.50% per annum and interest shall accrue on a separate account on the last day of each six month interest period (or such other period agreed with the relevant lenders). Interest will also accrue on unpaid interest. All accrued interest shall be payable on the maturity date in respect of the New Money Facility.
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New Money Facility means the $470,000,000 secured loan facility made, or to be made, available to the Borrower pursuant to the New Money Credit Agreement and the other Financing Documents.
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New Money Facility means the credit facilities comprising the New Money Loans made to the Borrower in accordance with Section 2.01 and 2.02(a).
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Related to New Money Facility

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.

  • Facility means the entire operation located on the property where the Equipment is located;

  • Credit Facility Indebtedness means any and all amounts, whether outstanding on the Issue Date or thereafter Incurred, payable under or in respect of any Credit Facility, including without limitation principal, premium (if any), interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Company or any Restricted Subsidiary whether or not a claim for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees, other monetary obligations of any nature and all other amounts payable thereunder or in respect thereof.

  • Bridge Facility means the Commitments and any Advances made thereunder.