Senior Credit Facility. If the provisions of Articles 7 (Negative Covenants) and/or 8 (Default) (and the definitions of defined terms used therein) of the Existing Credit Agreements are proposed, in either case, to be amended or otherwise modified in a manner that is more restrictive from the Company’s perspective (a “Restrictive Change”), the Company covenants and agrees that it shall (a) provide the Lenders with written notice describing such proposed Restrictive Change promptly and in any event prior to the effectiveness of such Restrictive Change, and (b) upon fifteen (15) Business Days prior written notice from the Majority Lenders requesting that such Restrictive Change be effected with respect to this Agreement, take such steps as are necessary to effect a Restrictive Change with respect to this Agreement that is acceptable to the Majority Lenders and the Company; provided, that, in the event the Company fails to effect such equivalent Restrictive Change within such fifteen (15) Business Day period, then, such Restrictive Change to either of the Existing Credit Agreements shall automatically be applied to this Agreement; provided, further that (i) no default or event of default would occur solely by reason of such amendment to this Agreement or any other debt agreement of the Company, and (ii) such Restrictive Change shall not be made if doing so would cause the Company to fail to maintain, or prevent it from being able to elect, REIT status. Notwithstanding the foregoing, any such Restrictive Change made to this Agreement hereunder shall remain in effect until such time as the Existing Credit Agreements have matured or otherwise been terminated, at which point, unless the Company’s Debt Ratings (or their related outlooks) have declined since the date this Agreement was executed, the Administrative Agent, Lenders and the Company will take such steps as are necessary to amend this Agreement to remove entirely any such amendments made under this Section 5.10 to this Agreement; provided, however, that in the event that (A) either of the Existing Credit Agreements has matured or otherwise been terminated, and (B) the Company’s Debt Ratings (or their related outlooks) have declined since the date this Agreement was executed, the Administrative Agent, the Lenders and the Company shall negotiate in good faith to modify such Restrictive Change with respect to its application for the remainder of this Agreement.
Senior Credit Facility. After the Closing Date, enter into any Permitted Notes Indenture that prohibits or limits the incurrence of Indebtedness under this Agreement or any other Obligation.
Senior Credit Facility. The Company, Alliance USA, GOCA, LPC, New GOC and Source shall have executed and delivered the Senior Credit Facility, substantially in the form of the final draft furnished to Buyer in all material respects.
Senior Credit Facility. The Company shall have entered into the Senior Credit Facility providing for $40,000,000 principal amount of senior debt financing.
Senior Credit Facility. Either the New Facilities shall have closed on substantially the terms set forth in the Plan and shall be in full force and effect or the Senior Secured Credit Agreement shall be paid in full in cash with the proceeds of not less than $100,000,000 in loans and $75,000,000 in replacement/backstop letters of credit from an exit facility, the terms of which are as or more favorable to the Company as the New Facilities on the terms set forth in the Plan.
Senior Credit Facility. The Purchaser is not currently in default, and will not be in default upon the consummation of this Agreement, under the terms of the Amended and Restated Credit Agreement, originally dated May 29, 1996 and amended and restated June 27, 1997, among the Purchaser, its subsidiaries, BankBoston, N.A., as agent, and the lenders named therein.
Senior Credit Facility. Metrocall and Weblink shall have obtained a senior credit facility for the Surviving Corporation described in the first sentence of Section 6.17.
Senior Credit Facility. Promptly after the Effective Time of the Merger, the Surviving Corporation shall pay, and the Parent shall provide such financing so as to enable the Surviving Corporation to pay, all amounts outstanding under the Company's Revolving Credit Agreement dated as of March 31, 1997, as amended, with Fleet National Bank and Bank One, N.A.
Senior Credit Facility. Weblink and Metrocall shall use all commercially reasonable efforts to secure, through the amendment or restatement of their respective current credit facilities as a consolidated facility, through a new credit facility, through the operation of the Weblink Prearranged Plan, through the operation of the Metrocall Prearranged Plan or any combination of the foregoing, senior secured debt financing in an amount not to exceed $303 million plus a revolver of no less than $35 million on terms reasonably acceptable to the parties to this Agreement. Weblink shall solicit the consent of the holders of Weblink's senior credit facilities (the "Weblink Secured Creditors") to the Weblink Prearranged Plan. Metrocall shall solicit the consent of the holders of Metrocall's senior credit facilities (the "Metrocall Secured Creditors") to the Metrocall Prearranged Plan.
Senior Credit Facility. On or before December 24, 1999, the ---------------------- Company shall have entered into a senior credit facility with Fleet National Bank, in accordance with the terms described in the commitment letter of Fleet National Bank dated December 15, 1999, and otherwise on terms reasonably satisfactory to Parthenon.
