New Money Term Loans definition

New Money Term Loans means the “New Money Loans” (as defined in the Term Loan Agreement as in effect on the date hereof).

New Money Term Loans shall have the meaning set forth in Section 2.1(a).

New Money Term Loans as defined in the recitals hereto.

Examples of New Money Term Loans in a sentence

• Notwithstanding anything to the contrary herein or in the DIP Documents, the claims and liens in respect of the DIP Roll-Up Loans shall be subject and subordinate to the claims and liens in respect of the DIP New Money Term Loans in all respects.

• Notwithstanding anything to the contrary herein or in the DIP Documents, the claims and liens in respect of the DIP Roll-Up Loans shall be subject and subordinate to the claims and liens in respect of the DIP New Money Term Loans and the Carve-Out in all respects.

• The substitution and exchange of Prepetition Credit Facility Debt under the Prepetition Credit Facility by “rolling-up” such amounts into DIP Obligations as described in this paragraph 11 shall be authorized as compensation for, in consideration for, as a necessary inducement for, and on account of the agreement of the DIP Lenders to fund the DIP New Money Term Loans and not as adequate protection for, or otherwise on account of, any Prepetition Credit Facility Debt.

• Notwithstanding anything to the contrary herein, in the Interim Order or in the DIP Documents, the claims and liens in respect of the DIP Roll-Up Loans shall be subject and subordinate to the claims and liens in respect of the DIP New Money Term Loans and the Carve-Out in all respects.

• The cashless substitution and exchange dollar-for-dollar of Prepetition Loans under the Prepetition Term Loan Credit Facility by “rolling-up” such amounts into DIP Obligations as described in this paragraph 4(b) shall be authorized as compensation for, in consideration for, as a necessary inducement for, and on account of the agreement of the DIP Lenders to fund the DIP New Money Term Loans and not as adequate protection for, or otherwise on account of, any Prepetition Credit Facility Debt.

More Definitions of New Money Term Loans

New Money Term Loans means, individually or collectively, as the context may require, the Initial Term Loans and the Delayed Draw Term Loans.

New Money Term Loans means, individually or collectively, as the context may require, the Initial Term Loans and the Delayed Draw Term Loans. “Non-Consenting Lender” is defined in Section 2.09(b).