Qualified Refinancing definition

Qualified Refinancing means a refinancing of this Credit Agreement in which all of the Obligations are paid in full in cash and for which Ableco or Foothill or an Affiliate thereof is agent.

Qualified Refinancing means a refinancing of the New Subordinated Notes with Qualified Notes; provided, that the aggregate principal amount of Qualified Notes issued in connection therewith does not exceed the aggregate principal amount of the Indebtedness so refinanced unless the excess is applied as set forth in subsection 2.8(a)(vi).

Qualified Refinancing means (i) an extension of the mandatory redemption date of the Company’s Series A Preferred Stock, (ii) a debt issuance of the Company having a maturity date on or after November 30, 2021, the proceeds of which are used to pay the redemption price for the remaining outstanding amount of the Company’s Series A Preferred Stock, or (iii) an equity issuance of the Company, the proceeds of which are used to pay the redemption price for the remaining outstanding amount of the Company’s Series A Preferred Stock; provided that any repayment, prepayment, redemption or repurchase of such equity securities shall not be required to occur prior to November 30, 2021.

Examples of Qualified Refinancing in a sentence

• After giving effect to any Special Qualified Refinancing, a proportion of the outstanding Shares equal to the proportion of outstanding Venture-Linked Senior Secured Notes prepaid in such Special Qualified Refinancing shall no longer be subject to the Voting Requirements.

• From and after the Springing Maturity Date through the earlier of (i) the repayment, redemption or defeasance of the Senior Notes and (ii) a Qualified Refinancing, the Company and its Subsidiaries shall maintain sufficient Qualified Cash and/or availability under the Revolving Credit Facility (or availability under other committed credit facilities) to repay, redeem or defease the Senior Notes in full on the Senior Notes Maturity Date.

• Secured Party hereby further acknowledges the security interests granted hereby shall be a second priority lien subordinate only to the security interests securing the obligations to VinREIT pursuant to the VinREIT and the obligations to Farm Credit Obligations (and those in place thereof, e.g., a Qualified Refinancing (as defined in the Security Agreement)).

• Upon the effectiveness of a Qualified Refinancing, the refinanced debt shall be treated as Designated Debt.

• The Partnership shall be obligated to prepay the Principal, Deferred Interest, and accrued and unpaid interest owing hereon in full on the date that is one year and one day after the later of (x) the date all amounts owing under the Loan Agreement (as defined herein) are paid in full or (y) the date all amounts owing under any Qualified Refinancing (as such term is defined in the Collateral Assignment of Management Agreement referred to in the Loan Agreement) of the Loan Agreement are paid in full.

More Definitions of Qualified Refinancing

Qualified Refinancing means any transaction involving the incurrence by any Person of Nonrecourse Indebtedness (including, but not limited to, term loan and/or term securitization transactions that are conducted pursuant to either a Rule 144A or a registered public offering or similar form of securitization transaction) in an aggregate principal amount in excess of $50,000,000 encumbering any asset which previously constituted an Unencumbered Asset.

Qualified Refinancing means a bona fide financing offer made by a third-party lender that satisfies the following criteria (as determined by Xxxxx Fargo): (i) such financing offer is in writing and signed by the third-party lender, such financing offer is sufficiently detailed to enable Xxxxx Fargo to determine all material terms of such financing offer, and Xxxxx Fargo has received complete copies of such financing offer not less than 30 days prior to the consummation of any such financing; (ii) such financing offer is sufficient to fully repay all Line of Credit Advances and replace all Letters of Credit issued under or in connection with this Agreement; and (iii) Xxxxx Fargo shall have been provided with at least 30 days after receipt of all of the documents referred to clause (i) of this sentence to match such financing offer, and Xxxxx Fargo has declined to match such offer within such 30-day period.

Qualified Refinancing means any equity or debt financing transaction completed by GM and originated or arranged by the Holder, the net proceeds of which are sufficient, and are used, to pay in full all indebtedness under the Series C Notes on or before the maturity date thereof, "SERIES C NOTES" means the Series C 15% Senior Secured Notes of GM, and "GM" means General Media, Inc., a Delaware corporation.

Qualified Refinancing means, with respect to any Protected Asset, any Affiliate Refinancing (a) if at the time of the Affiliate Refinancing, the LTV Ratio for such Protected Asset is equal to or greater than 90%, or (b) which is approved by the Seller pursuant to the second sentence of Section 2.4.2(b) hereof, and, in either case, occurs prior to December 31, 2016.

Qualified Refinancing means a mortgage loan (or combination of a mortgage and mezzanine loan) for the purpose of refinancing the existing financing in an amount equal to the greater of (1) the principal balance of such existing financing and (2) the amount resulting in a loan-to-value ratio of 67.5%, and which (a) contains a market interest rate, (b) is assumable or prepayable on customary terms, (c) is for a term of not more than ten (10) years and (d) is non-recourse subject to customary non-recourse carveouts.

Qualified Refinancing means a secured credit facility (the "New Credit Facility") entered into between Borrower and a financial institution ("New Lender"), other than Lender, after satisfaction of each of the following conditions: (i) Lender shall have received the written request of Borrower for additional loans and other credit accommodations by Lender to Borrower in a specified amount (the "Requested Acquisition Financing Amount") for the purpose of financing the proposed purchase by Borrower of substantially all of the assets or all of the capital stock of a corporation in the same business as Borrower or a business closely related thereto (the "Proposed Acquisition") and future working capital needs of Borrower and the acquired business; (ii) Lender shall have received all information required by Lender in order to consider such request from Borrower; (iii) Lender shall have notified Borrower in writing that Lender is unwilling to finance the Proposed Acquisition by providing additional loans and other financial accommodations in the Requested Acquisition Financing Amount (the "Declination Notice"); (iv) within sixty (60) days after receiving the Declination Notice, New Lender and Borrower

Qualified Refinancing shall have the meaning assigned such term in the Intercreditor Agreement.