Examples of Bank Term Loan Agreement in a sentence
The Borrower shall not amend, waive or otherwise modify (a) the Bank Term Loan Agreement in a manner that would result in terms more favorable to the lenders party thereto than the terms hereof or (b) the Master Agreement in a manner materially adverse to the Lenders (other than GECC or any of its Affiliates that are Lenders) without the prior written consent of the Required Lenders.
See Article V, entitled "THE PLAN OF REORGANIZATION." At the closing of the Restructuring, which would occur on the Effective Date, among other things, the Plan would become effective, the New Bank Term Loan Agreement, the New Subordinated Notes, New Stock, and Warrants would become issuable, the Prepetition Notes, the Prepetition Bank Loans and the Prepetition Equity Interests would be canceled, and the Companies' obligations thereunder would be discharged.
Regan, EPA Administrator.Intervenors: City Utilities of Springfield, Missouri; Commonwealth of Massachusetts; Commonwealth of Pennsylvania; District of Columbia; Harris County, Texas; State of Connecticut; State of Delaware; State of Illinois; State of Maryland; State of New Jersey; State of New York; State of Wisconsin; City of New York.
In cases where a criminal record appears in the results of the background check, the student will be contacted by email.
The New Bank Term Loan Agreement will contain certain covenants with respect to, among other things, (i) the incurrence of indebtedness, (ii) capital expenditures, (iii) the creation or incurrence of liens, (iv) the declaration or payment of dividends or other distributions on, or the acquisition, redemption or retirement of, any Equity Interests in Galaxy, and (v) mergers, consolidations and sales or purchases of substantial assets.
In addition, the New Bank Term Loan Agreement will contain the following financial covenants: (1) maximum senior debt to annualized operating cash flow; (2) maximum total debt to annualized operating cash flow; (3) minimum ratio of operating cash flow to total debt service; (4) minimum fixed charge ratio; (5) maximum capital expenditures; and (6) minimum number of subscribers.
One of the main shortcomings of the original Eurodistrict governance lay in its dual structure with two spokespersons, its two secretariats and the lack of visibility it brought to the population.
Immediately prior to the Effective Date, there will be a deemed principal repayment (thereby reducing the principal amount outstanding) in an amount equal to the excess of (i) the amount of interest that is accrued and paid at the contract rate under the Prepetition Bank Loan Agreements from and after August 1, 2001, until the Effective Date, over (ii) the interest that would otherwise have accrued at the interest rate under the New Bank Term Loan Agreement.
In return, Reorganized Galaxy will (i) enter into the New Bank Term Loan Agreement and acknowledge and incur New Bank Loans from each of the holders of Allowed Bank Claims, (ii) assume liability for all General Unsecured Claims and Miscellaneous Secured Claims, and (iii) issue one hundred percent (100%) of the aggregate New Stock, the New Subordinated Notes and the Warrants to Galaxy.
The interest rate on the New Bank Term Loan Agreement will be "LIBOR" as such term shall be defined in the New Bank Term Loan Agreement, plus 350 basis points per annum (3.50%) paid monthly in arrears.