Examples of Super Senior Working Capital Facility in a sentence
The minimum EBITDA covenant in Clause 13.15 (b) of the bond terms for the Second Lien Bonds shall be deleted (aligning the financial covenants with Clause 13.15 of the Bond Terms for the Bonds).The maturity of the Second Super Senior Working Capital Facility shall be extended to 30 June 2021.
EUR 10 million) for the First Super Senior Working Capital Facility.
If the net proceeds of such sale is lower than the aggregate Nominal Amount of the Bonds plus the outstanding amount under the Super Senior Working Capital Facility, plus accrued and unpaid interest, the consent of the Holders and the Super Senior Creditors is required for a sale of the Chateau Securities.
As long as there is an outstanding commitment under the Super Senior Working Capital Facility, Interest in respect of the Bonds accrued during any Interest Period shall not be paid in cash to the Holders as set out in Clause10.2, but shall be deferred until the Final Redemption Date and then be paid to the Holders together with all other outstanding amounts under the Bonds.
The increase and extension of the Second Super Senior Working Capital Facility is also required for approval of the 2020 annual report on a going-concern basis in the annual general meeting, which was planned for 29 April 2021 but which needs to be rescheduled to first secure financing.
Further, the lender under the First Super Senior Working Capital Facility, providing the performance guarantee to SGRE under the SGRE Contract, reduced the available drawing amount on the RCF from EUR 6.7 million to EUR 0.4 million; a reduction equivalent to the size of the issued performance guarantee.
The increase and extension of the Second Super Senior Working Capital Facility will provide for the interest payment and amortisation on the Bonds during 2021.
Increase the First Super Senior Working Capital Facility from DKK 50,000,000 to DKK 75,000,000 (approx.
Following this, ZITON drew the maximum amount available under the Second Super Senior Working Capital Facility of EUR 6.0 million.
Completion of the Proposal is conditioned upon a) approval of the Proposal by Written Resolution for the Bonds and First Lien Bonds, b) that the Second Super Senior Working Facility is increased by EUR 3 million and maturity is extended to 31 December 2021 or later and c) the maturity of the First Super Senior Working Capital Facility is extended to 31 December 2021 or later.