Qualifying Refinancing Transaction definition

Qualifying Refinancing Transaction means a debt or equity financing transaction entered into for the purpose of refinancing the Subordinated Term Loan Obligations and generating Net Proceeds in an amount at least sufficient to repay all outstanding FILO Loans (if any), subject to the limitations set forth in the Intercreditor Agreement.
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Examples of Qualifying Refinancing Transaction in a sentence

  • If any Loan Party consummates a Qualifying Refinancing Transaction, the Borrower shall, concurrently with the consummation of such Qualifying Refinancing Transaction, prepay an aggregate principal amount of the Loans equal to (i) 100% of the Net Proceeds from such Qualifying Refinancing Transaction minus (ii) the aggregate outstanding amount of FILO Loans under and as defined in the First Lien Credit Agreement at such time.

  • If any Loan Party consummates a Qualifying Refinancing Transaction, the Borrower shall, concurrently with the consummation of such Qualifying Refinancing Transaction, prepay an aggregate principal amount of the Loans equal to (i) 100% of the Net Proceeds from such Qualifying Refinancing Transaction minus (ii) the aggregate outstanding amount of FILO Loans under and as defined in the First Lien Credit LEGAL_US_E # 171984019.2 Agreement at such time.