Examples of New Revolving Credit Agreement in a sentence
The Company shall deliver a copy of the fully executed New Revolving Credit Agreement to the Supporting Noteholders.
New Revolving Credit Agreement On January 31, 2018, the Company entered into a new revolving credit agreement (the “Revolving Credit Agreement”) for its Revolving Credit Facility, and terminated its existing revolving credit agreement (the “Old Revolving Credit Agreement”).
Notwithstanding the foregoing, reserves for Disputed Claims will not be required to the extent that Reorganized RBX maintains sufficient availability under its New Revolving Credit Agreement to satisfy such Disputed Claims if and when Allowed.
The Revolving Credit Agreement is terminated upon (i) the execution and delivery of this Agreement and (ii) the occurrence of the Effective Date (as defined in the New Revolving Credit Agreement) under the New Revolving Credit Agreement.
Reorganized RBX intends to enter into the New Revolving Credit Agreement and the New Term Loan Agreement as of the Effective Date for the provision of up to a $55 million credit facility which may be drawn upon to fund payments required to be made on the Effective Date and to provide working capital for the operation of Reorganized RBX.