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

Target Refinancing means (a) the repayment in full and cancellation of the Target Existing Credit Facilities, together with any fees, costs and expenses in relation thereto, (b) the repayment in full and redemption of the Target Private Placement Notes, together with any fees, costs, expenses and premia in relation thereto and (c) the release of any guarantees or liens in respect of the Debt in clauses (a) and (b) of this definition.

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).

Examples of Target Refinancing in a sentence

The Borrower will use the proceeds of the Loans solely (a) to finance payments to the equityholders of the Target pursuant to the Offer and in connection with the Merger, (b) to effect the Target Refinancing, (c) to pay fees and expenses related to the Transactions and (d) for working capital and other general corporate purposes of the Borrower and its Subsidiaries.
The Target Refinancing shall have been consummated, or will be consummated substantially concurrently with the initial borrowings under this Agreement.
All proceeds of the Loans will be used by the Borrower to finance the Merger, the termination of the Prior Merger Agreement, the Exchange Offer, the Borrower Refinancing, the Target Refinancing, the Top-Off Purchases (if any) and to pay fees and expenses incurred in connection with the Transaction.
While there are some conclusions drawn by Linderski which are open to question, this contribution to the debate remains one of which every subsequent researcher in this field must take account: Wiseman (2009) is a case in point, taking Linderski’s study as near normative.
The Borrower will cause the Target Refinancing to occur on or substantially concurrently with the Closing Date.

More Definitions of Target Refinancing

Target Refinancing means the repayment in full (or redemption or satisfaction and discharge in full of the Indebtedness under any related indentures or notes, as applicable) of any outstanding Indebtedness under (i) that certain Credit Agreement, dated as of October 24, 2018 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time), among the Ultimate Borrower, Xxxxxx Micro Luxembourg S.a.r.

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 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 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 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..