Target Refinancing definition

Target Refinancing has the meaning assigned to such term in Section 4.01(l).

Target Refinancing means the repayment in full of outstanding obligations (other than contingent indemnification claims not then due) under and termination of any guarantees and security in respect of (a) the Target’s €400,000,000 revolving dual-currency credit agreement dated December 13, 2011 with Bayerische Landesbank as agent (€100,000,000 of which was cancelled on 28 January 2014) and (b) the Target’s €100,000,000 (project) financing agreement with the European Investment Bank (EIB) (and, in the case of Indebtedness listed in clauses (a) and (b), including any Indebtedness that refinances, renews or replaces any such Indebtedness).

Target Refinancing means, as applicable, (a) the repayment in full of all or certain of the Target Existing Debt, together with any fees, costs, expenses and premia in relation thereto and (b) the release of any guarantees or liens in respect thereof.

Examples of Target Refinancing in a sentence

• On or prior to the date that is 90 days after the Domination Agreement Effective Date (or such later date as the Administrative Agent shall agree in its sole discretion) the Target Refinancing shall have occurred; provided that if the proceeds of Indebtedness are utilized to effect the Target Refinancing, such Indebtedness shall be incurred and guaranteed only by the Company and the Guarantors.

• Subject to the terms and conditions hereof, each Lender severally agrees to make Loans to the Borrower in Sterling, (x) from time to time on any Business Day during the Availability Period for any Certain Funds Purpose other than the Target Refinancing and (y) on the Closing Date, to fund the Target Refinancing, if any, in each case, in an aggregate amount not to exceed such Lender’s Commitment.

• The Borrower will cause the Target Refinancing to be consummated on the Closing Date.

• Date: (Print name of person signing bid) (Signature & Title)This form must be submitted with your proposal.DISCLOSURE STATEMENT FOR TRANSACTION WITH A PUBLIC AGENCY CONCERNING REAL PROPERTY –M.G.L. C.

More Definitions of Target Refinancing

Target Refinancing has the meaning set forth in the recitals hereof.

Target Refinancing shall have the meaning provided in Section 10.13(b).

Target Refinancing means the repayment of debt for borrowed money of Target under (a) the Credit Agreement, dated as of April 30, 2013, by and among Telecommunications Management, LLC, RBI Holding II LLC, the lenders from time to time party thereto and SunTrust Bank, as Administrative Agent, and (b) the Second Lien Credit Agreement, dated as of April 30, 2013, by and among Telecommunications Management, LLC, RBI Holding II LLC, the lenders from time to time party thereto and SunTrust Bank, as Administrative Agent, and, in each case, the termination of all commitments thereunder and the release of the security interests with respect thereto.

Target Refinancing the repayment, cancellation, termination and release of all indebtedness and other obligations outstanding under each of (a) that certain Amended and Restated Loan and Security Agreement, dated as of October 18, 2016 (as amended, modified or supplemented from time to time including most recently by the Seventh Amendment and Limited Release to Amended and Restated Loan and Security Agreement, dated as of May 21, 2020) by and among the Target and Connexity Audience, Inc. as borrowers, Shop Holding Corporation, as a loan party, the other loan parties from time to time party thereto, the financial institutions party thereto from time to time as lenders, and Bank of America, N.A., as agent for the lenders, and (b) that certain Term Loan Agreement, dated as of May 21, 2020 (as amended, modified or supplemented from time to time), by and among Connexity, Inc., the Target, the other guarantors party thereto, the lenders party thereto and WhiteHorse Capital Management, LLC, as administrative agent on behalf of the lenders, and in each case, the termination of all commitments, guarantees and security interests with respect thereto.

Target Refinancing means the refinancing or redemption of Indebtedness of the Target outstanding immediately prior to the Block Purchase Closing Date, including all fees and expenses incurred in connection therewith, with the proceeds of the sale by the Target to Xxxx V of the bond identified as “CB4” in the Structure Memorandum. For the avoidance of doubt, the aggregate amount of the Target Refinancing shall not exceed the aggregate amount of proceeds described in the preceding sentence received by the Target.

Target Refinancing means the repayment in full in cash of the Closing Date Refinanced Indebtedness and the termination and release of all guarantees and security interests in respect thereof.

Target Refinancing is defined in Section 5.01(i).