Examples of Ninth Amendment Term Loans in a sentence
Accordingly, the Receivership Estate has good cause to obtain the Ninth Amendment Term Loans.
La Cour s’est contentée de souligner que le dernier membre de phrase au paragraphe 2 de l’article IV ne remet pas en cause le consente- ment exprimé par les deux Parties au règlement judiciaire (voir arrêt, par.
Access to the Ninth Amendment Term Loans is expected to enhance and accelerate the Receivership Estate’s ability to effectuate a sale of various of the Receivership Estate’s assets, thereby preserving value to the Receivership Estate for the benefit of the Receivership Estate’s creditors.
The Receiver and the Credit Parties may, and is hereby directed (and the Credit Parties’ insurance broker, Willis Towers Watson, that is to receive a portion of the proceeds directly is directed to segregate and hold in trust such proceeds ending payment of premiums) to, use the proceeds of the Ninth Amendment Term Loans solely in accordance with Schedule 2 to the Ninth Amendment and this Order.
The Supplemental Order provided that “Monroe, together with any agents or professionals engaged by Monroe, shall be permitted to take possession of, sell, or12 The Receivership Court affirmed the priority, perfection, enforceability and validity of Monroe’s liens and security interests in ECA’s property in its December 13, 2018 Order (a) Authorizing the Receiver to Obtain Ninth Amendment Term Loans and (b) Granting Security Interests and Liens.
Data from Champions showed 2,000 unduplicated individuals were served last year.
The Receiver files this Motion and respectfully requests that the Court enter the order attached as Exhibit 1 (the “Financing Order”) approving the Ninth Amendment Term LoanDocuments and the incurrence by the Receivership Estate of the Ninth Amendment Term Loans pursuant thereto.
The Receiver has determined after conferring with management, in his sole business judgment, that the Receivership Estate needs the Ninth Amendment Term Loans to support the operations of NECB pending the Receivership Estate’s disposition of NECB, to provide for a more orderly wind down of the business of ECA and the other Credit Parties (other than NECB) and to pay certain obligations of the Credit Parties, all as more set forth on Schedule 2 to the Ninth Amendment.
The Receiver and the Credit Parties may, and is hereby directed to, use the proceeds of the Ninth Amendment Term Loans solely in accordance with Schedule 2 to the Ninth Amendment and this Order.
The Ninth Amendment Term Loans will enable the Receiver to operate the business and operate the institutions on a scaled-down basis, while simultaneously working to effectuate the sale of portions of the assets as quickly as possible, subject to the approval of the U.S. Department of Education, state licensing agencies and accreditors, as applicable, as well as any approvals required under the Pre-Filing Credit Agreement.