Common use of First Lien Facility Clause in Contracts

First Lien Facility. The Issuer shall have received simultaneously with the funding of the initial Loans hereunder on the Original Closing Date $50,000,000 in gross cash proceeds from the Term Loans (as defined in the First Lien Credit Agreement (in effect as of the Original Closing Date)) to be advanced on the Original Closing Date.

Appears in 2 contracts

Sources: Second Lien Note Purchase Agreement (Spinal Elements Holdings, Inc.), Second Lien Note Purchase Agreement (Spinal Elements Holdings, Inc.)

First Lien Facility. The Issuer shall have received simultaneously with the funding of the initial Loans hereunder on the Original Closing Date $50,000,000 in gross cash proceeds from the Term Loans (as defined on the Closing Date in the First Lien Credit Agreement (in effect as of the Original Closing Date)Agreement) to be advanced on the Original Closing Date.

Appears in 1 contract

Sources: Second Lien Note Purchase Agreement (Spinal Elements Holdings, Inc.)

First Lien Facility. The Issuer shall have received simultaneously with the funding of the initial Loans hereunder on the Original Closing Date $50,000,000 in gross cash proceeds from the Term Loans (as defined on the Closing Date in the First Lien Credit Agreement (in effect as of the Original Closing Date)) to be advanced on the Original Closing Date.

Appears in 1 contract

Sources: Second Lien Note Purchase Agreement (Spinal Elements Holdings, Inc.)