Means For Effectuating the Bridge Financing and the Financial Restructuring Sample Clauses

Means For Effectuating the Bridge Financing and the Financial Restructuring. EHI, JFL, Power and POF intend that the bridge financing for Elgar shall be accomplished by the extension of the Bridge Loans, the deposit of the Collateral and the agreement of JFL to purchase or cause its affiliate to purchase additional New Notes, Series D Preferred Stock and New Common Stock as part of the New JFL Investment for cash in an aggregate amount equal to the Excess Cerberus Liabilities, if any, on the terms described herein and in the Term Sheet. EHI, JFL and the Consenting Holders intend that the Financial Restructuring shall be accomplished by (1) the Exchange Offer, (2) the Charter Amendment, (3) the cancellation of the Warrants, (4) the Indenture Amendment, (5) the Credit Facility Amendment, (6) entering into the New Stockholders Agreement, (7) the implementation of the Management Incentive Plan and (8) the New JFL Investment (including the Collateral Shortfall, if any, but excluding the Excess Cerberus Liabilities, if any), all to occur, if at all, substantially contemporaneously, on the terms described herein and in the Term Sheet. EHI, JFL and the Consenting Holders further intend that, in the event that the Exchange Offer is not consummated, the Financial Restructuring shall be effected through the Contingency Plan.
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Related to Means For Effectuating the Bridge Financing and the Financial Restructuring

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