New Revolver Facility definition

New Revolver Facility means the revolver facility of approximately $40 million of aggregate commitments entered into pursuant to that certain New Revolver Facility Credit Agreement.
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New Revolver Facility means the new revolving line of credit facility, to be entered into as part of the Exit Financing Agreements, as an obligation of the Domestic Reorganizing Debtors, secured by a first priority lien on the Post-Confirmation Collateral and the assets of CPIH and its subsidiaries, junior only to duly perfected and unavoidable prior liens, 14providing for a revolving credit line of up to [$40] million for purposes of financing the business operations of the Domestic Reorganizing Debtors, as more particularly described therein.
Sample 1
New Revolver Facility means the new revolving facility with aggregate commit- ments of up to $600,000,000, in the form of an asset-based revolver to be made available to the Reorganized Debtors by one or more lenders pursuant to and subject to the terms and conditions of the New Revolver Facility Documents, and which shall be in an amount and on terms acceptable to the Debtors and the Required Consenting 1L Noteholders.
Sample 1

Examples of New Revolver Facility in a sentence

  • 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.

  • MBIA may elect to be an assignee or participant in the New Revolver Facility.

  • The New Revolver Facility will be used to finance the Domestic Borrowers' working capital needs and other general corporate purposes.

  • The Existing L/C Facility will be secured by a lien on the foregoing collateral junior and subordinate only to the liens in favor of the New Revolver Facility, New L/C Facility and Domestic Borrower Guaranty.

  • Each holder of an Allowed Trust Preferreds Claim that is an Accredited Investor and is not an Insider of the Debtor will be offered the opportunity to participate as a lender in the New Revolver Facility and New Term Loan Facility, which shall serve as an exit facility, to be made available upon the Effective Date to New TAC and the Litigation Trust pursuant to the New Loan Agreement.

  • The Reorganizing Debtors believe that they will be able to successfully complete these transactions, although there can be no assurance that the Geothermal Sale will be consummated or that sufficient commitments for the New CPIH Revolver Facility and the New Revolver Facility will be obtained.

  • Figure 4-1Conceptual Schematic of Regional (left) and Distributed (right) BMP Implementation Approaches.

  • The New Revolver Facility, the New L/C Facility and the Domestic Borrower Guaranty (as defined herein) will be secured by a first priority perfected lien on all existing and future personal, mixed and real property of the Domestic Borrowers, subject to existing contractual restrictions, valid, enforceable and perfected third party liens on project assets, statutory restrictions, valid restrictions pursuant to constituting documents, and certain other permitted liens.

  • The Reorganizing Debtors' ability to consummate the Reorganization Plan and obtain sufficient Cash resources for post-Reorganization Effective Date working capital depend upon successful consummation of the Geothermal Sale as well as implementation of the Exit Financing Agreements, including the New CPIH Revolver Facility and the New Revolver Facility.

  • Carver told White she would give her the necessary FMLA paperwork.

Related to New Revolver Facility

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

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

  • Existing Revolver Tranche has the meaning set forth in Section 2.16(b).

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

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • New Revolving Credit Commitments shall have the meaning provided in Section 2.14(a).

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Extended Revolving Facility Commitment shall have the meaning assigned to such term in Section 2.21(e).

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • Refinancing Revolving Credit Commitments means one or more Classes of Revolving Credit Commitments hereunder that result from a Refinancing Amendment.

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Initial Revolving Facility means the Initial Revolving Credit Commitments and the Initial Revolving Loans and other extensions of credit thereunder.

  • Additional Revolving Facility means any revolving credit facility added pursuant to Sections 2.22, 2.23 or 9.02(c)(ii).

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

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Available Revolving Credit Commitment with respect to any Revolving Credit Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Credit Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding.

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).