Examples of TLB Credit Agreement in a sentence
The US Secured Funded Debt Claims shall be Allowed in the aggregate principal amount of $499,779,680, comprising $161,933,711 in principal amount and $337,845,969 in principal amount of the US RCF Claim and the TLB Claim, respectively, plus any accrued and unpaid interest under the US RCF Credit Agreement and the TLB Credit Agreement as of the Effective Date.
Any borrowing, guaranteeing or securing (as applicable) of the Total Commitments (as defined in the Senior Bridge Facility Agreement, the Senior Secured Bridge Facilities Agreement and the RCF Facility Agreement) and of the Commitments (as defined in the TLB Credit Agreement) by the Company would not cause any borrowing, guarantee, security or similar limit binding on the Company to be exceeded.
Additionally, the Intermediation Agreement also provides for subordinated liens on other assets of Refining that secure Refining's obligations under the Refining ABL Credit Agreement and the Refining TLB Credit Agreement.
All obligations under the Refining TLB Credit Agreement are guaranteed by Admin.
These assets also secure the Refining TLB Credit Agreement, with the distribution of the proceeds thereof and the relationships between the relevant secured parties being governed by intercreditor agreements.
Additionally, the Intermediation Agreement also provides for subordinated liens on other assets of Refining that secure Refining's obligations underthe Refining ABL Credit Agreement and the Refining TLB Credit Agreement, as described above.
Refining is also the borrower of $523.9 million of secured term loan indebtedness under the Refining TLB Credit Agreement, dated as of March 4, 2013, and the principal amount outstanding thereunder (the “ Refining TLB Debt”), by and among Refining, as borrower, theRefining TLB Lender, and Refining TLB Agent.
The Refining TLB Agent, for the benefit of the Refining TLB Lenders, shall receive current cash payment when due for all interest at the non-default rates provided for in the Refining TLB Credit Agreement.
For the avoidance of doubt, and notwithstanding anything to the contrary in the Plan, the Plan Supplement, or the Confirmation Order nothing in the Plan, the Plan Supplement, or the Confirmation Order shall be deemed to release, waive or otherwise affect any of the obligations, Claims, or Causes of Action in each case against any non-Debtor arising under or in connection with the TLB Credit Agreement, the New Drillship Mortgage, or any related agreements.
For theavoidance of doubt, default rate interest under the TLB Credit Agreement shall continue to accrue from and after the Petition Date.