Examples of Senior Debt Agreement in a sentence
All payments in respect of Debt Service under the Senior Debt Agreements shall be made to each Senior Creditor as and when due in accordance with (i) the relevant Senior Debt Agreement and the other Finance Documents and (ii) the Cashflow Waterfall.
The Senior Debt Agreement provides for a revolving line of credit facility of up to $12 million based upon qualifying accounts receivable and inventory, a $7 million term loan and a $3 million capital expenditures credit facility.
On the Effective Date, the Reorganized Debtors shall enter into the New Senior Debt Agreement and such New Senior Debt Facility documents as SEACOR may reasonably require, subject to such modifications as the Reorganized Debtors may deem to be reasonably necessary to consummate the New Senior Debt Facility.
Upon the Effective Date, all actions contemplated by the Plan shall be deemed authorized and approved in all respects, including (1) selection of the directors and officers of the Reorganized Debtors, (2) the distribution of the New Equity Interests as provided herein, (3) the execution and entry into the New Senior Debt Agreement, (4) the PCTC Transaction and (5) all other actions contemplated by the Plan (whether to occur before, on, or after the Effective Date).
Borrowings under WidePoint's Senior Debt Agreement: $ 1,592,408 On October 25, 2004, the Company executed a senior lending agreement with RBC-Centura.