Examples of Secured Term Loan Agent in a sentence
Upon the Effective Date, the Senior Secured Term Loan Lenders and the Senior Secured Term Loan Agent shall be deemed to have waived any unsecured deficiency claim resulting from a Distribution less than a par recovery of the Senior Secured Term Loan Claims.
Notwithstanding the foregoing conditions in Article VIII.A, the Debtors, with the written consent of the Senior Secured Term Loan Agent, reserve, in their sole discretion, the right to waive the occurrence of any condition precedent or to modify any of the foregoing conditions precedent.
Upon the Effective Date, the Senior Secured Term Loan Lenders and the Senior Secured Term Loan Agent shall be deemed to have waived any unsecured deficiency claim resulting from a Distribution less than the extent of the Senior Secured Term Loan Claims.
The Responsible Person shall make the Distributions described in Article III.B.1 by wire transfer upon instructions provided by the Senior Secured Term Loan Agent.
Pursuant to the Plan, on the Effective Date, the Reorganized Debtors, the New Secured Term Loan Agent and the New Secured Term Loan Lenders shall be deemed to have executed the New Secured Term Loan Agreement and shall be bound by the terms thereof.
The Debtors shall be dissolved at the earlier of: (i) all of the Debtors’ assets having been distributed pursuant to the Plan or (ii) the Responsible Person determining, in its sole discretion, after consultation with the Senior Secured Term Loan Agent, that the administration of the Debtors’ assets is not likely to yield sufficient additional proceeds to justify further pursuit; provided, however, that in no event shall the Debtors be dissolved later than three (3) years from the Effective Date.
The Debtors shall be dissolved at the earlier of: (i) all of the Debtors assets having been distributed pursuant to the Plan or (ii) the Responsible Person determining, in its sole discretion, after consultation with the Senior Secured Term Loan Agent, that the administration of the Debtors assets is not likely to yield sufficient additional proceeds to justify further pursuit; provided, however, that in no event shall the Debtors be dissolved later than three (3) years from the Effective Date.
Counsel to each of the DIP Agents, the DIP Term Loan Lenders, the Secured Term Loan Agent, and the Secured Term Loan Lenders shall be authorized to disburse any and all retainer monies in its possession to reimburse the reasonable fees and expenses of such counsel.
Agents “Agents” means, collectively, the Secured Term Loan Agent and the Unsecured Equity Bridge Loan Agent.
The Secured Term Loan Agent believes that it would be in the best interests of each of the primary creditor constituencies (i.e., the Revolving Lenders, the Secured Term Loan Lenders and the Senior Noteholders) for the Debtors to advance a full restructuring of the Debtors’ balance sheet.