Priority Term Loan definition

Priority Term Loan means any loan outstanding under the Priority Term Loan Credit Agreement.
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Priority Term Loan means that certain Loan and Security Agreement, dated as of April 18, 2019 (as amended by that certain Amendment No. 1, dated May 1, 2019, that certainAmendment No. 2, dated June 24, 2019, that certain Amendment No. 3, dated August 15, 2019, that certain Amendment No. 4, dated October 11, 2019, that certain Amendment No. 5, dated February 21, 2020, and that certain Amendment No. 6, dated March 27, 2020, and as it may be further amended, supplemented or otherwise modified from time to time), by and among FGI Operating Company, LLC, the guarantors party thereto, Cantor Fitzgerald Securities, as administrative agent and initial collateral agent, and the lenders party thereto.
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Priority Term Loan means that certain Loan and Security Agreement, dated as of April 18, 2019 (as amended by that certain Amendment No. 1, dated May 1, 2019, that certain Amendment No. 2, dated June 24, 2019, that certain Amendment No. 3, dated August 15, 2019, that certain Amendment No. 4, dated October 11, 2019, that certain Amendment No. 5, dated February 21, 2020, and that certain Amendment No. 6, dated March 27, 2020, and as it may be further amended, supplemented or otherwise modified from time to time), by and among FGI Operating Company, LLC, the guarantors party thereto, Cantor Xxxxxxxxxx Securities, as administrative agent and initial collateral agent, and the lenders party thereto.
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Examples of Priority Term Loan in a sentence

  • Unless otherwise defined herein, terms defined in the First Priority Term Loan Agreement and used herein shall have the meanings given to them in the First Priority Term Loan Agreement.

  • The lenders under the Exit Credit Agreement and the New Second Priority Term Loan Agreement shall have valid, binding and enforceable liens on the collateral specified in the relevant agreements executed by the Reorganized Debtors in connection with the Exit Credit Agreement and the New Second Priority Term Loan Agreement.

  • On the Effective Date, the Reorganized Debtors will enter into the Exit Credit Agreement and the New Second Priority Term Loan Agreement.

  • Notwithstanding anything to the contrary herein, in full and final satisfaction, settlement, release and discharge of and in exchange for release of all DIP Facility Claims (other than Claims under the DIP Facility that expressly survive the termination thereof), on the Effective Date, the DIP Facility Claims shall (i) subject to the terms of the DIP Facility, convert into the New First Priority Term Loan pursuant to the Exit Credit Agreement or(ii) be paid off in full in Cash.

  • Notwithstanding anything to the contrary in the Confirmation Order or the Plan, the Bankruptcy Court’s retention of jurisdiction shall not govern the enforcement of the loan documentation executed in connection with the Exit Credit Agreement and the New Second Priority Term Loan Agreement or any rights or remedies related thereto.

  • The Confirmation Order shall constitute an order of the Bankruptcy Court approving (a) entry into the Exit Credit Agreement (and issuance of the New First Priority Term Loan and Reinstated Euro Term Loan), and (b) entry into the New Second Priority Term Loan Agreement (and issuance of the Second Priority Term Loan).

  • The presence of NMU1R in pig SPLs and PAMs was respectively confirmed by reverse transcription-polymerase chain reaction (RT-PCR), western blot analysis and immunocytochemical methods.

  • Union Bank of India ('UBI') sanctioned a Project Loan amounting to Rs. 27,500 (including Priority Term Loan of Rs. 4,700).

  • Each Holder of a Priority Term Loan Claim shall receive, in full and final satisfaction of such Claim, Cash in an amount equal to such Allowed Priority Term Loan Claim.

  • Class 3 consists of any Priority Term Loan Claims against any Debtor.


More Definitions of Priority Term Loan

Priority Term Loan has the meaning specified in Section 2.01(a).
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Priority Term Loan means that certain $30,000,000 loan among Borrower, the lenders party thereto and Banc of America Bridge LLC or one of its Affiliates as administrative agent secured by Liens permitted to be incurred pursuant to subsection (m) of the definition of Permitted Liens, on substantially similar terms as those set forth in the Priority Term Loan Term Sheet and otherwise in form satisfactory to the Administrative Agent and Determining Lenders.
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Priority Term Loan is defined in Section 2.1(a) and, as so defined, includes a Base Rate Loan or a Eurodollar Loan, each of which is a “type” of Priority Term Loan hereunder.
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Priority Term Loan. Claims As set forth in the Plan, consistent with the terms and conditions set forth herein. Rollover Term Loan Claims As set forth in the Plan, consistent with the terms and conditions set forth herein. Tranche B Term Loan Claims As set forth in the Plan, consistent with the terms and conditions set forth herein. Convertible Notes Claims As set forth in the Plan, consistent with the terms and conditions set forth herein. General Unsecured Claims As set forth in the Plan, consistent with the terms and conditions set forth herein. TRA Claims As set forth in the Plan, consistent with the terms and conditions set forth herein. Existing QualTek Equity Interests As set forth in the Plan, consistent with the terms and conditions set forth herein. Intercompany Claims/Interests As set forth in the Plan, consistent with the terms and conditions set forth herein. Restructuring Expenses The Debtors will pay all reasonable and documented fees and expenses of: (i) Blank Rome LLP and FTI Consulting Inc. as advisors to the Consenting ABL Lenders any local counsel, and any other professionals and/or consultants for the Consenting ABL Lenders; (ii) Pxxx, Wxxxx, Rifkind, Wxxxxxx & Gxxxxxxx LLP, Hxxxxxxx Lxxxx, Inc., Accordion Partners, LLC, any local counsel, and any other professionals and/or consultants for the Ad Hoc Group; (iii) Dxxxx Xxxx & Wxxxxxxx LLP, Sxxxxxx Partners Securities, LLC, Hxxxxx and Bxxxx, LLP, and any other professionals and/or consultants for the Consenting Convertible Noteholders; and (iv) Faegre Drinker Bxxxxx & Rxxxx LLC, counsel to the agent under the DIP Term Loan Facility, subject in all respects to the limitations set forth in the Restructuring Support Agreement. The Debtors will also pay the reasonable and documented fees and expenses of the Convertible Notes Trustee, up to $150,000. For the avoidance of doubt the obligation to make current payment of the foregoing fees and expenses, in addition to being included in the Restructuring Support Agreement, will be included in the DIP Orders, and the Plan will provide that any fees and expenses of the foregoing that are unpaid as of the Plan Effective Date will be paid on the Plan Effective Date. Executory Contracts and Unexpired Leases The Plan will provide that the executory contracts and unexpired leases that are not assumed or rejected as of the Plan Effective Date (either pursuant to the Plan or a separate motion) will be deemed assumed pursuant to section 365 of the Bankruptcy Code. Tax Struct...
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Related to Priority Term Loan

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

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

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

  • priority date means the date of the earlier application that serves as the basis for the right of priority provided for in the Paris Convention;

  • Junior Priority Obligations means the Initial Junior Priority Obligations and any Additional Obligations constituting Junior Priority Debt.

  • 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.

  • ABL/Term Loan Intercreditor Agreement means the Intercreditor Agreement, dated as of the Closing Date, by and among the Administrative Agent, Barclays Bank PLC, as collateral agent under the Term Loan Credit Agreement, Holdings, Borrower and the other Subsidiary Loan Parties party thereto, as amended, restated, supplemented, replaced, refinanced or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement.

  • Senior Priority Obligations as defined in the Base Intercreditor Agreement.

  • Tranche B Term Loan as defined in Section 2.1.

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

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Priority Tax Claim means any Claim of a Governmental Unit of the kind specified in section 507(a)(8) of the Bankruptcy Code.

  • Priority Debt means the sum, without duplication, of (i) Indebtedness of the Borrower or any Guarantor secured by a Lien (other than the Liens entered into under the Loan Documents, including the Security Documents) and (ii) all Indebtedness of any Subsidiary that is not a Guarantor.

  • Tranche A Term Loan as defined in Section 2.1.

  • Priority Amount As to any Distribution Date, the amount equal to the sum of (i) the product of (A) the Scheduled Principal Distribution Amount, (B) the Shift Percentage and (C) the Priority Percentage and (ii) the product of (A) the Unscheduled Principal Distribution Amount, (B) the Shift Percentage and (C) the Priority Percentage.

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

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

  • Tranche C Term Loan as defined in Section 2.1.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Other Priority Claim means any Claim other than an Administrative Claim or a Priority Tax Claim entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Term Loan Collateral means all of the assets of any Grantor, whether real, personal or mixed, upon which a Lien is granted or purported to be granted to any Term Loan Agent under any of the Term Loan Collateral Documents.

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

  • Additional First Lien Obligations means all amounts owing to any Additional First-Lien Secured Party (including the Initial Additional First-Lien Secured Parties) pursuant to the terms of any Additional First-Lien Document (including the Initial Additional First-Lien Documents), including, without limitation, all amounts in respect of any principal, premium, interest (including any interest accruing subsequent to the commencement of a Bankruptcy Case at the rate provided for in the respective Additional First-Lien Document, whether or not such interest is an allowed claim under any such proceeding or under applicable state, federal or foreign law), penalties, fees, expenses, indemnifications, reimbursements, damages and other liabilities, and guarantees of the foregoing amounts.

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