Examples of BNS Credit Agreement in a sentence
Pursuant to the letter agreement dated as of April 15, 2015, the BNS Credit Agreement Lender has agreed to waive any defaults or events of default that may exist under the BNS Credit Agreement as a result of the Company: (i) having commenced proceedings under the CBCA; or (ii) presenting and implementing the Recapitalization.
The Corporation’s total borrowed debt (consisting of the BNS Credit Agreement and obligations under finance leases) will be approximately $48.0 million after the Arrangement.
Nothing in this Plan shall affect the BNS Credit Agreement Lender with respect to its rights or Claims under the BNS Credit Agreement and the other BNS Credit Documents, and all obligations of the Company to the BNS Credit Agreement Lender pursuant to the BNS Credit Agreement and the other BNS Credit Documents remain in full force and effect, unamended.
The Bank of Nova Scotia, as administrative agent under the BNS Credit Agreement shall have given consent to the execution, delivery and performance of this Agreement and such other intercreditor arrangements as may be required as between The Bank of Nova Scotia and the Lender.
Opinions BNS The BNS Credit Agreement creates a valid security interest in favour of BNS with respect to the 2019 Ford F150, VIN 1FTFW1RGXKFD03365 (the “Ford F150”) and is sufficient to secure payment and performance of the obligations described therein as being secured thereby.
Make any Restricted Payment other than (i) Restricted Payments by an Obligor to another Obligor, (ii) repurchases and repayments of the Existing Senior Secured Notes from the proceeds of the Loan; and (iii) repayment of indebtedness, liabilities and obligations under the BNS Credit Agreement.
The Obligations are permitted indebtedness, liabilities and obligations under the Junior Indenture and “Permitted Indebtedness” for the purposes of the definition thereof in the BNS Credit Agreement and no delivery, execution or performance of Loan Documents is prohibited by the terms, conditions or covenants of the Junior Indenture, the BNS Credit Agreement or the documents, instruments or agreements delivered in connection therewith.
The BNS security interest has been perfected by registration in all public offices in Ontario where such registration is necessary to preserve, protect or perfect the security interests created by the BNS Credit Agreement in favour of BNS in the Ford F150 and has priority over any other security interest in the Ford F150 to which the PPSA applies.
Make any amendments to (i) the Junior Indenture or the notes issued thereunder or (ii) the BNS Credit Agreement that has the effect of (a) amending the notes so that they amortize (ie.
The Credit Parties require new financing to assist with the refinancing of certain indebtedness in favour of its existing senior secured lenders under the BNS Credit Agreement and for working capital purposes and have requested that the Lenders provide to the Borrower the credit facilities contemplated herein.