Examples of New Revolver in a sentence
Documents evidencing the New Term Loan and the New Revolver will be filed by FairPoint with the Plan Supplement.
If any of the conditions referenced above are not met and, as a result, the DIP Credit Agreement does not convert into the New Revolver, FairPoint intends to obtain a new revolving credit facility.
In accordance with Section 8.2 of the Plan, Reorganized FairPoint’s entry into the New Term Loan and New Revolver, and the incurrence of the indebtedness thereunder, on the Effective Date will be authorized without the need for any further corporate action and without any further action by holders of Claims or Old Equity Interests.
The New Revolver is due December 31, 2012 and the New Term Loan is due April 9, 2014.
Except as otherwise provided herein or in the Confirmation Order, all Cash required for the payments to be made hereunder shall be obtained from the Debtors’ and the Reorganized Debtors’ operations, Cash on hand, the New Revolver Facility, New First Lien Financing, and that portion, if any, of the New Second Lien Financing that is issued for Cash.