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 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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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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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.

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

  • Class 3A is Impaired under the Plan; Holders of Allowed Priority Term Loan Claims in Class 3A are entitled to vote to accept or reject the Plan.

  • Any payment by the Borrower or any subsidiary thereof in violation of this Section 11.03 shall be received by the relevant Guarantor in trust for the Administrative Agent and the Second Priority Term Loan Secured Parties, and such Guarantor shall cause the same to be paid to the Administrative Agent for the benefit of the Second Priority Term Loan Secured Parties immediately upon demand by the Administrative Agent on account of the Second Priority Term Loan Obligations.

  • Each Lender hereby authorizes the Administrative Agent to act as its agent in accordance with the terms hereof and the other Second Priority Term Loan Documents.

  • No Agent nor any of its officers, partners, directors, employees or agents shall be liable to the Lenders for any action taken or omitted by any Agent under or in connection with any of the Second Priority Term Loan Documents except to the extent caused by such Agent's bad faith, gross negligence or willful misconduct.

  • Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect the Borrower's Obligations in respect of any Second Priority Term Loan; and provided further, that in the event of any inconsistency between the Register and any Lender's records, the recordations in the Register shall govern.

  • Each of the Borrower and each Subsidiary of the Borrower does not, and, as a result of the consummation of the transactions contemplated in this Agreement, the other First Priority Term Loan Documents and the Bank Book, will not, have unreasonably small capital for it to carry on its business as proposed to be conducted.

  • Each Lender shall have the right at any time to sell one or more participations to any Person (other than the Borrower, any of its Restricted Subsidiaries or any of its Affiliates) in all or any part of its First Priority Term Loans or in any other First Priority Term Loan Obligation.

  • The Borrower and each Lender hereby authorizes the Collateral Agent to act as the Collateral Agent with respect to the Second Priority Term Loan Obligations, and each Lender authorizes the Collateral Agent and the Administrative Agent to enter into and perform their respective obligations under the Collateral Trust Agreement.


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. 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. Other Terms 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...
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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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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” (or any comparable term) 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 Original Second Lien Obligations and any Additional Obligations constituting Junior Priority Debt.

  • Refinancing Term Lender has the meaning specified in Section 2.15(c).

  • Refinancing Term Loans shall have the meaning assigned to such term in Section 2.21(j).

  • ABL/Term Loan Intercreditor Agreement as defined in the recitals hereto.

  • Senior Priority Obligations means the Original First Lien Obligations and any Additional Obligations constituting Senior Priority Debt.

  • Tranche B Term Loan as defined in Section 2.1.

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Priority area means the portions of the qualified incentive area

  • 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, at any time, without duplication, the sum of (i) Indebtedness or other liabilities or obligations of the Company or any Subsidiaries secured by Liens (other than Liens permitted under clauses (a) through (h) of Section 10.2 and any Equal and Ratable Liens), plus (ii) Indebtedness of Subsidiaries of the Company other than Indebtedness permitted under clauses (a) through (h) of Section 10.1.

  • 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 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 assets, whether now owned or hereafter acquired by any Loan Party, in which a Lien is granted or purported to be granted to any Term Loan Secured Party as security for any Term Loan Obligation.

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

  • Additional First Lien Obligations means, with respect to any Series of Additional First Lien Obligations, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional First Lien Obligations, (b) all other amounts payable to the related Additional First Lien Secured Parties under the related Additional First Lien Documents and (c) any renewals of extensions of the foregoing.

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