rescue financing definition
rescue financing means any financing that satisfies either or both of the following conditions:
rescue financing means any financing that satisfies one or more of the following conditions:
rescue financing means financing provided to the Company or any of its Subsidiaries, which financing is reasonably required to (i) remedy a breach or default (or potential breach or default) by the Company or any of its Subsidiaries under any debt financing agreements to which the Company or any of its Subsidiaries are party, (ii) provide liquidity to the Company or any of its Subsidiaries to the extent necessary to fund their then-current operations, under circumstances where the failure to provide such liquidity would reasonably be expected to be materially adverse to the Company, or (iii) comply with applicable capital requirements laws, rules or regulations.
More Definitions of rescue financing
rescue financing means the issue of Securities by any Group Company as required, in the opinion of the Board (acting reasonably and in good faith), to cure an actual or anticipated default under any of the Financing Documents or to prevent any event of insolvency or to meet an urgent funding requirement of the Group (with such Securities to have any such terms, including with respect to priority and/or interest, as the Board deems appropriate);
rescue financing means financing provided to the Company or any of its Subsidiaries, which financing is reasonably required to (i) remedy a breach or default (or potential breach or default) by the Company or any of its Subsidiaries under any debt financing agreements to which the Company or any of its Subsidiaries are party, (ii) provide liquidity to the Company or any of its Subsidiaries to the extent necessary to fund their then-current operations, under circumstances where the failure to provide such liquidity would reasonably be expected to be materially adverse to the Company, or
rescue financing means any financing that satisfies either
rescue financing means any financing that satisfies one or
rescue financing means financing provided to the Corporation or any of its material Subsidiaries, which financing is required to (a) remedy an existing default, or avoid a default that is reasonably likely to occur in the foreseeable future, in each case, by the Corporation, or any such Subsidiary under any financial maintenance covenant contained in any credit agreement, the failure of which to remedy would be reasonably expected to have a materially adverse effect on the Corporation and its Subsidiaries taken as a whole or (b) provide liquidity to the Corporation or any such Subsidiary as required to fund its ongoing operations in the ordinary course of business to avoid a probable insolvency.