New Term Loan Facility definition

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

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

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).

Examples of New Term Loan Facility in a sentence

• The Company used the net proceeds of the Offering to repay $119,500 of the New Term Loan Facility.

• The repayment also reduced the applicable margin by 0.50% per annum which is a component of the interest rate on the New Term Loan Facility.

• The fair values of the New Term Loan Facility and New Second Lien Facility were determined using relevant market data as of the Effective Date and the terms of each of the respective instruments.

• The Reorganized Debtors shall fund distributions under the Plan required to be paid in Cash, if any, with Cash on hand, including Cash from operations, and any Cash received on the Effective Date, borrowings under the DIP Facility, the Working Capital Exit Facility, the Priority Exit Facility, and the New Term Loan Facility.

• The New Term Loan Facility matures on September 17, 2026 (the “Maturity Date”) and amortizes in quarterly installments in aggregate amounts equal to 2.50% of the original principal amount of the New Term Loan Facility, with any outstanding balance due and payable on the Maturity Date.

More Definitions of New Term Loan Facility

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

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 any term loan facility established pursuant to Section 2.23.

New Term Loan Facility as defined in the definition of “Facility”.