Priority Term Loan Facility definition

Priority Term Loan Facility means the credit facility provided for under the Priority Term Loan Credit Agreement.
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Examples of Priority Term Loan Facility in a sentence

  • Except as otherwise provided in the Plan or the Confirmation Order, all Cash necessary for the Debtors or Reorganized Debtors to make payments required pursuant to the Plan will be paid from the proceeds of the Exit Priority Term Loan Facility or the Cash balances of the Debtors or the Reorganized Debtors.

  • The form of the Exit Priority Term Loan Credit Agreement, which shall be filed with the Plan Supplement, shall be consistent with the RSA and the Exit Priority Term Loan Facility Term Sheet, and shall be in form and substance acceptable to the Debtors and the Exit Priority Term Loan Backstop Parties.

  • Confirmation shall be deemed approval of the Exit Priority Term Loan Facility (including transactions contemplated thereby, and all actions to be taken, undertakings to be made, and obligations to be incurred and fees paid by the Debtors or Reorganized Debtors in connection therewith).

  • The Reorganized Debtors shall execute and deliver those documents necessary or appropriate to obtain the Exit Priority Term Loan Facility, including the Exit Priority Term Loan Credit Documents.

  • The above-described mandatory prepayments shall be applied to the remaining amortization payments under the First Priority Term Loan Facility in chronological order.

  • Any application of a voluntary prepayment to the First Priority Term Loan Facility shall be applied to the scheduled amortization payments of the First Priority Term Loan Facility as directed by the Borrower.

  • The Majority First Priority Secured Parties may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee and the First Priority Administrative Agent, or, subject to the terms of the Intercreditor Agreement, the Collateral Agent or exercising any trust or power conferred on the Trustee by this Indenture or the Security Documents or the First Priority Administrative Agent by the First Priority Term Loan Facility or the Security Documents.

  • Additionally, the First Priority Administrative Agent and the First Priority Trustee shall provide notice to one another of any action proposed to be taken by such Person that the First Priority Administrative Agent and the Trustee are required to act together in taking pursuant to the terms of the First Priority Term Loan Facility and the First Priority Indenture.

  • Assignments will be in minimum amounts of $2,500,000 in respect of the Revolving Credit Facility and $1,000,000 in respect of the First Priority Term Loan Facility (or the lesser amount of the assignor’s commitments and loans, as applicable).

  • I understand that I must now advertise my application.XI have enclosed the premises licence or relevant part of it or explanation.XI understand that if I do not comply with the above requirements my application will be rejected.X IT IS AN OFFENCE, UNDER SECTION 158 OF THE LICENSING ACT 2003, TO MAKE A FALSE STATEMENT IN OR IN CONNECTION WITH THIS APPLICATION.

Related to Priority Term Loan Facility

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

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

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

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

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

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

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

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

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

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

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Existing Term Loan Facility has the meaning specified in Section 2.17(a).

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Term Loan C has the meaning set forth in Section 2.2(c).

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • 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.

  • Term Loan Claims means the Claims arising in respect of the term facility under the Credit Agreement.

  • 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.

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

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

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Refinancing Term Loans means one or more Classes of Term Loans that result from a Refinancing Amendment.