Examples of Senior Loan Facility in a sentence
Company is or is about to become indebted to Subordinated Lender; and Debtors and Subordinated Lender have requested that Senior Lender provide the Senior Loan Facility to Borrowers; and Senior Lender is willing to do so, provided Subordinated Lender agrees that all present and future indebtedness of Debtors to Subordinated Lender shall be subordinated to all present and future indebtedness of Debtors to Senior Lender.
Other Participating Holders (as defined below) shall have the opportunity to participate in the New Senior Loan Facility on equal terms with the other Supporting Holders.
The Revolving Credit Facility shall remain in place; provided that consummation of the New Senior Loan Facility shall be subject to obtaining the necessary consents or waivers from Xxxxx Fargo (as discussed below).
Restrictive Covenants The New Senior Loan Facility will contain restrictive covenants, financial covenants, and selected maintenance covenants that are mutually acceptable to the Company and the New Senior Lenders, including, without limitation, that the proceeds of the New Senior Loan Facility and available cash shall be used in accordance with a budget mutually acceptable to the Company and the New Senior Lenders.
Facility Fee The Company shall pay a facility fee of $600,000 in the aggregate to the New Senior Lenders on the Funding Date with the proceeds of the Initial Draw under the New Senior Loan Facility.