Examples of New Revolving Credit Loan in a sentence
At the Parent Borrower’s election in connection with any prepayment pursuant to this Section 5.1, such prepayment shall not be applied to any New Revolving Credit Loan of a Defaulting Lender.
On the Effective Date, the Debtors anticipate that they will enter into a New Revolving Credit Loan with BTCC, as Agent for certain lenders, (a) to refinance the Secured Revolving Credit Claims and the DIP Credit Facility I and II (collectively, the "Refinanced Indebtedness"), (b) to provide working capital for their ongoing operations, and (c) to finance the cash requirements to implement the Plan.
The New Revolving Credit Loan shall have closed, or shall be closed concurrently with the Effective Date, on terms reasonably acceptable to CSFB.
The Debtors shall have obtained from BTCC a binding commitment letter for the New Revolving Credit Loan on terms reasonably acceptable to the Debtors and CSFB.
On the Effective Date, in full satisfaction thereof, the Allowed Secured Revolving Credit Claims shall be restructured by including in the stated principal amount of the Refinanced Indebtedness in the New Revolving Credit Loan the then outstanding amount of the Debtors' obligations under the Secured Revolving Credit Claims.
The interest rate for the New Revolving Credit Loans shall be: [equal to the interest rate applicable to the Revolving Credit Loans under the Credit Agreement (as modified from time to time in accordance with the terms of the Credit Agreement)] OR [ %]6; and 4 To be updated in the case of a provision of any New Revolving Credit Loan used to consummate a Permitted Acquisition or an Acquisition that is a Limited Condition Transaction.
Variation of speed rate involves temporal reorganization of production gestures.
For purposes of the Credit Agreement, to the extent not already a Lender, the initial notice address of each 2021-1 New Revolving Credit Loan Lender shall be as set forth below its signature below.