Examples of TL Agent in a sentence
Simultaneously, in consideration of the treatment of the Term Loan Claims provided herein, the Guaranty of the Term Loan Claims by the Subsidiary Guarantors (as defined in the Existing Credit Agreement) shall be deemed automatically released upon the Effective Date without any further action by the TL Agent or the Term Lenders and without any further notice to or action, order, or approval of the Bankruptcy Court other than the approval provided in the Confirmation Order.
On the Effective Date, the TL Agent will be released and discharged from any further responsibility under the Existing Credit Agreement and the Loan Documents (as defined therein).
The Plan is the product of extensive discussions and negotiations between and among, inter alia, the Debtors, the Consenting Lenders, the TL Agent, the Consenting Members and their respective professionals.
The first time that acceleration could influence returns is during the SEO announcement.
At least four individuals participated as sports bookmaking agents within THOMPSON'S gambling operation, including but not limited to Agent TM, Agent TL, Agent EF, and Agent BH, who are known to the Grand Jury.
For purposes of Cash distributions under the Plan to the Holders of Term Loan Claims, the TL Agent will be and shall act as the Distribution Agent and in acting in such capacity shall be entitled to all of the rights, protections, and indemnities afforded to the TL Agent under the Existing Credit Agreement.
On the Petition Date, the Debtors filed a motion to provide adequate protection to the Term Lenders and the TL Agent (collectively, the “ Secured Parties”) and to seek authorityfrom the Court to continue to use the collateral granted by the Debtors to the Secured Parties (the “Collateral”), including any cash of the Debtors pledged to the Secured Parties or constitutingcash proceeds of Collateral, if any (the “Cash Collateral”).
Upon such retention, the TL Agent Advisors conducted significant diligence of the Company for the benefit of the Term Lenders, including holding multiple meetings with the Company and the Company Advisors.
After conclusion of diligence by the TL Agent Advisors, through the TL Agent Advisors and the Company Advisors, Term Lenders holding a majority of the Term Loans (the “ Ad Hoc Committee”) and the Company negotiated the material terms of a potentialcomprehensive restructuring and recapitalization of the Company.
In April 2017, for the benefit of the Term Lenders, the TL Agent formally retained Davis Polk & Wardwell LLP, as legal counsel (“ Davis Polk”), and, in turn, for thebenefit of the TL Agent, on behalf of the Term Lenders, Davis Polk formally retained CDG Group, LLC (now, FTI Consulting, Inc.), as financial advisor (“FTI” and, together with DavisPolk, the “TL Agent Advisors”).