Examples of Amended and Restated Secured Credit Agreement in a sentence
To the extent any holder of a Claim described in the first sentence of this subsection fails to release the relevant liens as described above, the Reorganized Debtors may act as attorney-in-fact, on behalf of the holders of such liens, to provide any releases as may be required by any lender under the Amended and Restated Secured Credit Agreement or for any other purpose.
Borrower, Lenders and Administrative Agent have previously entered into that Third Amended and Restated Secured Credit Agreement dated December 29, 2010 (as amended, restated, modified or otherwise supplemented from time to time, the “Credit Agreement”), for the purpose of making available to Borrower a senior secured term loan for the purposes set forth in the Credit Agreement.
In addition, the Reorganized Debtors’ post- Effective Date operations will be supported by the Exit LC Facility (as defined herein), a$41,350,000 letter of credit facility, backstopped by the Backstop Term Loan (as defined herein) under the Reorganized Debtors’ Amended and Restated Secured Credit Agreement.
Any failure to comply with the restrictions of the Amended and Restated Secured Credit Agreement or any other subsequent financing agreements may result in an event of default.
If the Reorganized Debtors are unable to repay amounts outstanding under the Amended and Restated Secured Credit Agreement when due, the lenders thereunder could, subject to the terms of the Amended and Restated Secured Credit Agreement, seek to foreclose on the collateral that is pledged to secure the indebtedness outstanding under such facility.
First Amendment to the Amended and Restated Secured Credit Agreement, dated December 9, 1992, between El Dorado Chemical Company, Slurry Explosive Corporation, Household Commercial Financial Services Inc., Connecticut Mutual Insurance Company and C.M. Life Insurance Company, which the Company hereby incorporates by reference from Exhibit 4.22 to the Company's Registration Statement No. 33-55608.
The terms of the Amended and Restated Secured Credit Agreement require that borrowings under the Agreement be denominated in U.S. dollars.
The Reorganized Debtors’ ability to make payments on and to refinance their debt, including the obligations under the Amended and Restated Secured Credit Agreement, and the Reorganized Debtors’ other obligations, will depend on their future financial and operating performance and their ability to generate cash in the future.
It is expected that all of the Reorganized Debtors’ cash flow will be required to be used in the foreseeable future (a) to make payments under the Amended and Restated Secured Credit Agreement, (b) to fund the Reorganized Debtors’ other obligations under the Plan, and (c) for working capital and capital expenditure purposes.
Substantially all of the assets of the Reorganized Debtors will be pledged as security under the Amended and Restated Secured Credit Agreement (subject to certain exclusions set forth therein).