New Term Loan Facility definition

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

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New Term Loan Facility means, at any time, the aggregate principal amount of the New Term Loans of all New Term Loan Lenders outstanding at such time.

New Term Loan Facility has the meaning set forth in the recitals hereto.

Examples of New Term Loan Facility in a sentence

• Events of Default To give due regard to the events of default set forth in the Existing Credit Agreement in a manner consistent with the New Term Loan Facility Documentation Principles, including, for avoidance of doubt, the revisions specified in Annex A hereto.

• The proceeds of the New Term Loan Facility shall be available to finance the Required Payments.

• The New Term Loan Facility is the legal, valid and binding obligation of, and enforceable against, Parent, and, to the Knowledge of Parent, each of the other parties thereto except, in each case, as enforcement may be limited by bankruptcy, insolvency, reorganization or similar Laws affecting creditors’ rights generally and by general principles of equity.

• Mandatory Prepayments Limited to change of control and asset sale offers, provided that no such offers may be made unless the obligations under the Superpriority Facility, the New Term Loans and the 2025 Notes are discharged in full in cash unless such offer is made with Declined Proceeds with respect to the Superpriority Facility, the New Term Loan Facility and the Amended 2025 Indentures.

• All holders of Existing Term Loans will have the opportunity to exchange 100% of the principal amount of their Existing Term Loans for New Term Loans issued under a new credit agreement for the New Term Loan Facility in an aggregate principal amount equal to 100% of the principal amount of the Existing Term Loans so exchanged (such exchange, the “Term Loan Exchange”).

More Definitions of New Term Loan Facility

New Term Loan Facility has the meaning assigned to such term in Section 2.14(a) of this Agreement and shall include the Tranche B-6 Term Loan Facility, the Tranche B-7 Term Loan Facility, the Euro Tranche C-5 Term Loan Facility and the Euro Tranche C-6 Term Loan Facility, in each case, as increased from time to time (if applicable).

New Term Loan Facility has the meaning assigned to such term in Section 2.14(a) of this Agreement.

New Term Loan Facility means the $300,000,000 credit facility to be provided to the Reorganized Debtors in accordance with the terms, and subject to the conditions, set forth in the RSA and the Restructuring Term Sheet.

New Term Loan Facility means the amount of each Amendment No. 1 New Term Loan Lender’s commitment on the Amendment No. 1 Effective Date in respect of Amendment No. 1 New Term Loans as set forth on Schedule 1 to Amendment No. 1. The amount of the Amendment No. 1 New Term Loan Facility is $400,000,000.

New Term Loan Facility has the meaning specified in Section 2.10(a).

New Term Loan Facility means each credit facility comprising New Term Loan Commitments and New Term Loans of a particular Tranche, if any.

New Term Loan Facility has the meaning assigned to such term in Section 2.14(a) of this Agreement, including the 2020 Incremental Term Loan Facility and the 2021 Incremental Term Loan Facility.