New Second Lien Facility definition

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.

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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.

New Second Lien Facility means the new second lien term loan that the Reorganized Fallbrook Parties shall enter into on the Effective Date.

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.

• The New Second Lien Representative in respect of the New Second Lien Facility is [insert name of New Representative].

• The address of the Additional Parity Lien Facility Representative in respect of the New Second Lien Facility for purposes of all notices and other communications hereunder and under the Intercreditor Agreement is , , Attention of (Facsimile No. , electronic mail address: ).

• The New Second Lien Representative in respect of the New Second Lien Facility is The Bank of New York Mellon.

• The Additional Parity Lien Facility Representative in respect of the New Second Lien Facility is [insert name of New Representative].

More Definitions of New Second Lien Facility

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

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 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 (x) the new term loan credit facility in the approximate amount of $25 million or such greater amount agreed to by Talen Lender and (y) the New LC Support Agreement, in each case made available to Reorganized MACH Gen pursuant to the New Second Lien Facility Documents.

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.

New Second Lien Facility shall have the meaning set forth in the Restructuring Term Sheet.