Permitted Refinancing. Each Junior Lender will not modify the provisions of its respective Junior Loan Agreement with respect to permitted refinancing of the Senior Loan without Senior Lender’s prior written consent (which consent shall not be unreasonably withheld or delayed) or with respect to permitted refinancing of any Senior Junior Loan without the applicable Senior Junior Lender’s prior written consent, not to be unreasonably withheld or delayed.
Permitted Refinancing. An assignment by the Issuer, subject to satisfaction of Section 2.1(c), either (i) to a third party unaffiliated with the Servicer or (ii) to a special purpose, bankruptcy-remote entity, of all the Receivables attributable to one or more Designated Servicing Agreements, as a result of which assignment the assignee pays to the Issuer 100% of the Receivable Balances with respect to such Receivables; provided, that in the case of any special purpose entity, an opinion of external legal counsel, reasonably satisfactory to the Administrative Agent, to the effect that the assignee would not be substantively consolidated with HLSS or any Affiliate of HLSS, shall have been delivered to the Administrative Agent.
Permitted Refinancing. A refinancing, extension, replacement, amendment, amendment and restatement, modification, supplement, renewal or restructuring of the OpCo Indebtedness with the proceeds of Permitted Refinancing Indebtedness.
Permitted Refinancing. Notwithstanding any other term of this Agreement, it is agreed that, in the event the Liabilities are amended, restated, refinanced, replaced or restructured in whole or in part (a “New Financing”), then any Transaction Security may be reconstituted, amended or replaced with Security (“New Security”) on substantially the same terms as the Transaction Security in force immediately prior to the New Financing.
Permitted Refinancing. As to any Indebtedness, the incurrence of other Indebtedness to refinance, extend, renew, defease, restructure, replace or refund (collectively, “refinance”) such existing Indebtedness; provided that, in the case of such other Indebtedness, the following conditions are satisfied: (a) the weighted average life to maturity of such refinancing Indebtedness shall be greater than or equal to the weighted average life to maturity of the Indebtedness being refinanced; (b) the principal amount of such refinancing Indebtedness shall be less than or equal to the principal amount (including any accreted or capitalized amount) then outstanding of the Indebtedness being refinanced, plus any required premiums and other reasonable amounts paid, and fees and expenses reasonably incurred, in connection with such modification, refinancing, refunding, renewal or extension and by any amount equal to any existing commitments unutilized thereunder; (c) there shall be no obligors in respect of the refinancing Indebtedness that were not obligors in respect of the Indebtedness being refinanced; (d) the security, if any, for the refinancing Indebtedness shall be the same as that for the Indebtedness being refinanced (except to the extent that less security is granted to holders of refinancing Indebtedness); and (e) no material terms (other than interest rate) applicable to such refinancing Indebtedness or, if applicable, the related security or guarantees of such refinancing Indebtedness (including covenants, events of default, remedies, acceleration rights) shall be, taken as a whole, materially more favorable to the refinancing lenders than the terms that are applicable under the instruments and documents governing the Indebtedness being refinanced.
Permitted Refinancing. The term “
Permitted Refinancing. (i) the Facility constitutes a Permitted Refinancing under the refinancing letter agreement dated 19 June 2009 between the Borrower, the Corporate Shareholder, Far East Energy and TPG and (ii) the Share Mortgage (MIEH) constitutes an encumbrance over the shares of the Corporate Shareholder pursuant to the Standard Bank Facility (as defined in the Second Amended and Restated Articles of Association of the Corporate Shareholder dated 9 July 2009) and falls within the exemption under Article 10(e)(ii) of the Second Amended and Restated Articles of Association of the Corporate Shareholder dated 9 July 2009;
Permitted Refinancing. Indebtedness Incurred in exchange for, or the net proceeds of which are used to refund, refinance or replace, Indebtedness (other than intercompany Indebtedness) that was permitted by this Indenture to be Incurred under the provisions of Sections 4.08(a), (b) or (c) or clauses (7), (8), (14), (15), (16), (20) or (21) of this Section 4.08(d);
Permitted Refinancing. (i) no Event of Default or Default of which Borrower has been given notice shall have occurred and be continuing;
Permitted Refinancing. Furnish to the Agent and the Lenders not more than two Business Days after execution thereof a certified copy of each Permitted DOC ID - 18336046.11 84 Refinancing Term Loan Document and each legal opinion delivered thereunder that is executed and delivered after the Effective Date, together with all exhibits and schedules thereto.
