Senior Secured Term Loan Facility definition
Examples of Senior Secured Term Loan Facility in a sentence
In addition, each Loan Party and each Lender hereby acknowledges that the Agents and/or their Affiliates may make a loan to the Borrower under the Senior Secured Term Loan Facility.
After giving effect to the Transactions and the other transactions contemplated hereby, Holdings, the Borrower and the Subsidiaries shall not have any outstanding Indebtedness or preferred stock other than (a) the Obligations, (b) Indebtedness under the Senior Secured Term Loan Facility, (c) the Senior Subordinated Notes and (d) Indebtedness permitted under Section 6.01.
After giving effect to the Acquisition and the financing contemplated hereby, the Borrowers and their Subsidiaries will have no material Indebtedness for borrowed money other than the Obligations hereunder, the Senior Secured Term Loan Facility and Senior Subordinated Notes and indebtedness issued in lieu of any of the foregoing pursuant to the Fee Letter, the indebtedness permitted to be incurred and/or remain outstanding under the Acquisition Agreement after the Effective Date.
No Loan Party will, nor will it permit any Subsidiary to, designate any Indebtedness (or any similar term) (other than the Indebtedness under the Loan Documents and the Senior Secured Term Loan Facility) of the Borrower or any of its Subsidiaries as “Designated Senior Debt” (or any similar term) under, and as defined in any Subordinated Indebtedness of any Loan Party which contains such designations.
The Collateral Agent has agreed to become a party to this Agreement for the purpose of taking the benefit of, and assuming obligations under, the provisions of this Agreement expressly stated to be for the benefit of or to be assumed by the Collateral Agent, and for the better preservation and enforcement of its rights and the rights of the Collateral Agent under the Senior Secured Term Loan Facility and hereunder.