Second Restatement Transactions definition
Examples of Second Restatement Transactions in a sentence
The Agent, on behalf of itself, the arrangers of the Tranche D Term Loans, the Lenders and the Issuing Bank, shall have received a solvency opinion in form and substance and from an independent investment bank or valuation firm reasonably satisfactory to the Agent to the effect that Holdings and its Subsidiaries, on a consolidated basis after giving effect to the Second Restatement Transactions, are solvent.
The proceeds of the Tranche D Term Loans are to be used solely to (i) finance a portion of the Specified Dividend, (ii) repurchase or otherwise redeem the Senior Subordinated Notes described in clause (i) of the definition thereof (the “Subordinated Notes Refinancing”) and (iii) pay fees and expenses incurred in connection with the Second Restatement Transactions.
The proceeds of Tranche B Term Loans made on the Second Restatement Effective Date shall be applied to fund in part the making of a Restricted Junior Payment pursuant to Section 6.4(l) on or about the Second Restatement Effective Date and to pay any fees and expenses in connection therewith and with the other Second Restatement Transactions.
Use the proceeds of the Credit Extensions (i) to repay existing Indebtedness of the Consolidated Companies, (ii) to consummate the share repurchase contemplated by Section 7.06(g) hereof, (iii) to pay fees and expenses incurred in connection with the Transaction, the Second Restatement Transactions and the Third Restatement Transactions and (iv) to provide ongoing working capital and for other general corporate purposes of the Consolidated Companies (including Permitted Acquisitions).
After giving effect to the Second Restatement Transactions, the Borrower and its Restricted Subsidiaries, on a Consolidated basis, are Solvent.
The consummation of the Second Restatement Transactions do not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which the Borrower or any Restricted Subsidiary is bound.
Use the proceeds of the Credit Extensions (i) to repay existing Indebtedness of the Consolidated Companies, (ii) to consummate the share repurchase contemplated by Section 7.06(g) hereof, (iii) to pay fees and expenses incurred in connection with the Transaction and the Second Restatement Transactions and (iv) to provide ongoing working capital and for other general corporate purposes of the Consolidated Companies (including Permitted Acquisitions).
The Second Restatement Transactions entered into or to be entered into by each Loan Party are within such Loan Party’s corporate powers.
On the Second Restatement Effective Date after giving effect to the portion of the Second Restatement Transactions occurring on the Second Restatement Effective Date, the Loan Parties, on a consolidated basis, are Solvent.