New Second Lien Term Loan Facility definition

New Second Lien Term Loan Facility means a senior secured second lien term loan facility in an that shall be issued in accordance with the terms set forth in the New Second Lien Term Loan Documentation.
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New Second Lien Term Loan Facility means the new second lien secured term loan credit facility in an aggregate principal amount of $313 million (subject to upward adjustment for any accrued and unpaid interest outstanding as of the Effective Date), which aggregate principal amount shall be subject to the New Senior Term Loan Facility Adjustment (as set forth in Section 4.2 hereof), consistent with the terms and conditions set forth in the Restructuring Term Sheet and entered into on and as of the Effective Date on the terms and conditions set forth in the New Second Lien Term Loan Facility Documents.
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New Second Lien Term Loan Facility means that certain term loan facility to be provided either by
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Examples of New Second Lien Term Loan Facility in a sentence

  • The Exit Facilities shall consist of three separate facilities: (i) the Revolving Exit Facility; (ii) the New Senior Secured Term Loan Facility; and (iii) the New Second Lien Term Loan Facility.

  • Generally, the U.S. Holder of an Allowed Class 2 Claim that elects to exercise its contractual rights to liquidate, terminate or accelerate under the applicable Swap Agreement will realize gain or loss on the exchange under the Plan of its Allowed Claim for Cash or other property in an amount equal to the difference between (i) the issue price of its loans under the New Second Lien Term Loan Facility, and (ii) the U.S. Holder’s adjusted tax basis of such Allowed Claim.

  • Entry into the instruments evidencing or relating to such Securities, including the Revolving Exit Facility, the New Senior Secured Term Loan Facility, and the New Second Lien Term Loan Facility, is in the best interests of the Debtors, their Estates, and all Holders of Claims or Interests.

  • The Debtors have exercised reasonable business judgment in determining to enter into the instruments evidencing or relating to such Securities, including the Revolving Exit Facility, the New Senior Secured Term Loan Facility, and the New Second Lien Term Loan Facility, and have provided sufficient and adequate notice of the material terms of such instruments, which material terms are fair and reasonable and were negotiated in good faith and at arms’-length.

  • Exit Facilities” means the Revolving Exit Facility, the New Senior Secured Term Loan Facility and the New Second Lien Term Loan Facility.

  • Exit Facilities Documents” means, collectively, the Revolving Exit Facility Documents, the New Senior Secured Term Loan Facility Documents and the New Second Lien Term Loan Facility Documents.

  • Excluded Claims” means any post-Effective Date obligations of any party or Entity under the Plan, the Confirmation Order, any Restructuring Transactions or any document, instrument or agreement (including those set forth in the Plan Supplement) executed to implement the Plan, including the Revolving Exit Facility, the New Senior Secured Term Loan Facility and the New Second Lien Term Loan Facility, or any Claim or obligation arising under the Plan.

  • The Exit Facilities shall consist of three separate facilities: (i) the Revolving Exit Facility;(ii) the New Senior Secured Term Loan Facility; and (iii) the New Second Lien Term Loan Facility.

  • The Revolving Exit Facility, the New Senior Secured Term Loan Facility and the New Second Lien Term Loan Facility (collectively, the “Exit Facilities”) are necessary to the consummation of the Plan and the operation of the Reorganized Debtors and constitute reasonably equivalent value and fair consideration.

Related to New Second Lien Term Loan Facility

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Refinancing Term Loan Commitments has the meaning assigned to such term in Section 2.26(a).

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Existing Term Loan Facility has the meaning specified in Section 2.17(a).

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Refinancing Term Lender has the meaning specified in Section 2.15(c).

  • Refinancing Term Loans means one or more Classes of Term Loans that result from a Refinancing Amendment.

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • 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.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Initial Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $200,000,000.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Term Loan C has the meaning set forth in Section 2.2(c).

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Specified Refinancing Term Loans means Specified Refinancing Debt constituting term loans.

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