Unsecured Credit Facility definition
Examples of Unsecured Credit Facility in a sentence
As used herein, "Excluded Financings" shall mean (i) the $150 million credit facility entered into between the Company and Chase Manhattan Bank, (ii) the equity investment made by Ralp▇ ▇ ▇▇▇▇▇, ▇▇ ▇▇ the Company in the amount of $50 million, (iii) the $50 million Senior Unsecured Credit Facility provided by The Chase Manhattan Bank and (iv) up to $50,000,000 of additional financing referred to in Section 16 of Amendment No. 3 to the Merger Agreement.
Such More Favorable Covenant shall be deemed automatically incorporated by reference into Section 10 of this Agreement, mutatis mutandis, as if set forth in full herein, effective as of the date when such More Favorable Covenant shall have become effective under such Unsecured Credit Facility, unless waived in writing by the Required Holders within 15 days after each holder’s receipt of such notice of such More Favorable Covenant.
TMC and Argentum entered into an Unsecured Credit Facility agreement (the “UCF”) on March 22, 2023.
The Trust established pursuant to this Litigation Trust Agreement is for the purpose of partially satisfying Allowed Unsecured Note Claims (who did not elect treatment of such claims as Convenience Claims), Allowed Unsecured Credit Facility Claims and those Allowed General Unsecured Claims who have elected to receive the Sub-Class 1 Distribution under the Plan, by liquidating the Trust Assets transferred to it and making distributions to the Beneficiaries as set forth herein and in the Plan.
On the Closing Date, after giving effect to the incurrence of all Indebtedness and Obligations being incurred in connection herewith and in connection with the Unsecured Credit Facility, the Borrower and its Subsidiaries, on a consolidated basis, are Solvent.