Examples of Senior Secured Credit Facility Agreement in a sentence
On March 20, 2013, certain of the Debtors entered into that certain Senior Secured Credit Facility Agreement, by and among Debtor Seadrill Tellus Ltd.
In satisfaction of each Allowed Senior Secured Revolving Loan Claim, each Allowed Senior Secured Revolving Loan Claim shall either be: (a) reinstated and amended on the Effective Date pursuant to the New Senior Secured Credit Facility Agreement; or (b) paid in full in Cash on the relevant Distribution Date.
If, for example, the Reorganized Company fails to comply with the covenants in the New Senior Secured Credit Facility Agreement, resulting in an event of default thereunder, certain of the Reorganized Company’s outstanding indebtedness could be accelerated, which could have a material adverse effect on the value of the New Common Stock.
The Nordic economies continued to perform somewhat better compared to the rest of Europe, although with dif- ferences within the region.
For the first two quarters after July 9, 2009, the interest rate for borrowings under the New Revolver will be LIBOR plus a margin of 4.50% per annum, and thereafter the applicable margin will be determined in accordance with the pricing grid as set forth in the Senior Secured Credit Facility Agreement dated July 9, 2009.
In addition, the New Senior Secured Credit Facility Agreement and Reorganized Otelco’s certificate of incorporation will contain a covenant generally requiring Reorganized Otelco to sell all of the equity interests or substantially all of the assets of the Reorganized Company within 180 days after the occurrence of certain triggering events.
In addition, the New Senior Secured Credit Facility Agreement will not prevent the Reorganized Company from incurring obligations that do not constitute indebtedness.
To the extent permitted by the Companies Ordinance, the Listing Rules and such other laws or regulations as applicable to the Company, the determination of the Directors’ remuneration may be delegated by members of the Company to the Board (or such committee of the Board).
Make team collaboration part of the performance review process for staff.• Encourage staff, consultants, and volunteers to recognize and acknowledge their own biases, prejudices, privileges, and oppressions and receive training on how to mitigate these in their work on behalf of the organization.Strengthen Feedback• Take time to meet with team members to discuss areas that are working well and where there is room for growth.
Reorganized Otelco shall issue the New Common Stock pursuant to the terms of the Plan and enter into the New Stockholders Agreement; (iii) the Debtors shall consummate the Plan by (1) making Distributions of the New Common Stock and Cash, and (2) entering into the New Senior Secured Credit Facility Agreement and the New Registration Rights Agreement; and (iv) the releases provided for herein, which are an essential element of the Restructuring Transaction, shall become effective.