Examples of Senior Unsecured Term Loans in a sentence
Class 10 consists of Senior Unsecured Term Loan Claims in the Allowed amount of approximately $320 million, which constitutes principal plus accrued but unpaid prepetition interest plus such other prepetition amounts as may be contractually obligated under the Senior Unsecured Term Loans.
The Offering shall have been consummated on satisfactory terms, the Net Cash Proceeds thereof received by Holdings shall equal at least $50,000,000 and the entire amount of such Net Cash Proceeds shall have been applied to prepay outstanding Senior Unsecured Term Loans and Revolving Credit Loans.
The date on which Unsecured Bridge Loans are converted into Senior Unsecured Term Loans is referred to as the “Senior Unsecured Conversion Date”.
Guarantees: Same as Bridge Loans and Senior Unsecured Term Loans.
The Senior Unsecured Term Loans will be governed by the provisions of the Operative Documents and will have the same terms as the Senior Unsecured Bridge Loans except as expressly set forth in Annex B-I hereto.
Following the Senior Unsecured Term Loan Exchange, all Senior Unsecured Term Loans transferred and assigned to the Reorganized Debtors shall no longer be outstanding and shall automatically be cancelled and shall cease to exist.
The Senior Unsecured Bridge Loans, the Senior Unsecured Term Loans and the Unsecured Exchange Notes shall be pari passu obligations of the Borrower.
The proceeds of the Senior Unsecured Term Loans will be used by the Borrower on the Closing Date, together with the proceeds of the Incremental Term Facility, solely (a) to pay the Acquisition Consideration, (b) to prepay loans outstanding under the Existing Credit Agreement and (c) to pay related fees and expenses.
The Senior Unsecured Term Loans will be governed by the provisions of the Bridge Loan Documentation (as defined below) and will have the same terms as the Bridge Loans except as set forth in Annex I to this Term Sheet.
At any time on or after the Senior Unsecured Conversion Date, at the option of the applicable Lender, the Senior Unsecured Term Loans may be exchanged in whole or in part for senior unsecured exchange notes (the “Unsecured Exchange Notes”) having an equal principal amount; provided that no Unsecured Exchange Notes shall be issued until the Borrower shall have received requests to issue at least $75 million in aggregate principal amount of Unsecured Exchange Notes.