Prior Lender Obligations definition
Examples of Prior Lender Obligations in a sentence
Agent shall have received payoff letters from the Prior Lenders, each in form and substance reasonably satisfactory to Agent, as to the Prior Lender Obligations.
Prior to the Original Closing Date, Holdings will not have engaged in any business or incurred any Indebtedness or any other liabilities (except in connection with its corporate formation, the Prior Lender Obligations under and as defined in the Original Credit Agreement, the Related Transactions Documents and this Agreement).
Agents shall have received payoff letters from the Prior Lenders, each in form and substance reasonably satisfactory to Agents, as to the Prior Lender Obligations.
The Canadian Borrower will use the proceeds of its respective Revolving Loans, Swingline Loans and Letters of Credit (a) which are incurred on the Closing Date (net of any amounts used on the Closing Date to pay Fees), to repay in full the Canadian Prior Lender Obligations and (b) for working capital and general corporate purposes on and after the Closing Date.
Except as set forth herein or in the Interim Order or the Final Order, no other Lien having a priority superior to or pari passu with that granted to Agent and Lenders and the Prior Agent and the Prior Lenders shall be granted or approved while any Obligations under this Agreement or the Prior Lender Obligations under the Pre-Petition Credit Agreement and the Second Lien Note Purchase Agreement remain outstanding.