New Second Lien Facility means that second-priority senior secured term loan in the principal amount of $500 million to be provided to the Reorganized Debtors on the Effective Date, under the terms of the New Second Lien Credit Documents, which shall be junior in lien priority to the Exit Facility.
New Second Lien Facility means the new second lien term loan that the Reorganized Fallbrook Parties shall enter into on the Effective Date.
New Second Lien Facility means the new second lien secured term loan facility having the terms set forth on the New Second Lien Facility Term Sheet.
Examples of New Second Lien Facility in a sentence
Notwithstanding anything contained in this Agreement to the contrary, nothing herein shall obligate the RCS Debtors or Non-RCS Debtors to execute or file any agreement, document, pleading or order, as the case may be, that materially conflicts with any of the DIP Facility Term Sheet, the Exit Facility Term Sheet, the New Second Lien Facility Term Sheet, the Plan Term Sheet or the Non-RCS Debtors Plan Term Sheet and, in each case, including all exhibits thereto.
More Definitions of New Second Lien Facility
New Second Lien Facility means a term loan in the principal amount of $55.0 million, of which
New Second Lien Facility means the second-lien facility contemplated by the Agreement in Principle, as may be amended in the Global Restructuring Agreement, proposed to be entered into on the Plan Effective Date by DCG, as borrower, and GGC, as lender.
New Second Lien Facility means the New Second Lien Facility Credit Agreement and all related guaranty, security, and other documents in form and substance reasonably acceptable to the Debtors, the Prepetition Lenders and the New Second Lien Lenders, to be entered into by the Reorganized Debtors on the Effective Date, for a credit facility in the aggregate principal amount of up to $0 million or in some other amount as may be agreed by the Debtors, and the New Second Lien Lenders in their sole discretion and disclosed in the Plan Supplement. The New Second Lien Facility shall be secured by second priority liens on substantially all of the Debtors assets upon the Effective Date, junior and subordinate to the liens under the Exit Facility in all respects.
New Second Lien Facility means a replacement second lien credit facility the proceeds of which are used to repay in full the obligations outstanding under the Second Lien Credit Agreement and the other Second Lien Credit Documents, if any Third Lien Obligations (other than contingent indemnity obligations to the extent no claim giving rise thereto has been asserted) are to remain outstanding following the Agreed Repayment Closing Date.
New Second Lien Facility means a term loan in the principal amount of $55.0 million, of which$50 million will be raised in the Rights Offering, $2.5 million of which will be paid as a fee to the Backstop Parties, and $2.5 million will be issued to GBC Holdings on account of its equity in Bowlmor.
New Second Lien Facility means the new $750 million credit facility (subject to reduction on account of the AOD Cash-Out), secured by a second lien on substantially all assets of the Reorganized Debtors and otherwise on the terms set forth in the New Second Lien Facility Finance Documents, to be entered into by the Reorganized Debtors on the Effective Date and distributed to holders of Credit Agreement Claims on account of their prepetition Credit Agreement Claims in the manner set forth in the Plan.
New Second Lien Facility means a $150 million second lien senior secured term loan facility, the terms of which shall be reasonably acceptable to the Debtors and the Requisite Unsecured Lenders, provided that the New Second Lien Facility shall bear interest on a per annum basis of 10% payable in kind.