Bridge Loan Facility definition
Examples of Bridge Loan Facility in a sentence
The proceeds of the Term Loans will be used only for the purposes of (a) repayment of Existing Bridge Loan Facility (to the extent remaining unpaid) and (b) costs and expenses in connection with redevelopment of the Project.
Following the consummation of the Tender Offer, BMCA will cause BMCA Acquisition Sub to merge into Elk (the “Merger”) thereby acquiring the balance of the Company Stock and will refinance substantially all of the outstanding indebtedness of Elk (collectively, the Term Loan Facility, the Revolving Credit Facility, the Bridge Loan Facility, the Tender Offer, the acquisition of the Option Stock (as hereinafter defined), such refinancings and the Merger, the “Transaction”).
All of the outstanding Equity Interests in each Loan Party’s Subsidiaries have been validly issued, are fully paid and non-assessable and are owned by such Loan Party or one or more of its Subsidiaries free and clear of all Liens, except those created under the Collateral Documents and to secure Debt under the Revolving Credit Facility, the Existing Indentures and the Bridge Loan Facility and, when issued, the Senior Notes.
Following the Excess Recovery Trigger Date, holders of Senior Secured Claims, Bridge Loan Facility Claims and, solely to the extent of their Post-Effective Date Interest Amount, holders of Allowed General Unsecured Claims and 2015 Notes Claims shall be entitled to share in Excess Recoveries.
All of the issued and outstanding shares of capital stock of the KKR Subsidiaries are duly authorized, have been validly issued, fully paid and nonassessable, are free of preemptive and similar rights, and except as set forth on Schedule 5.1(b) hereof are, and as of the Closing will be, owned by KKR or a KKR Subsidiary free and clear of all Liens, except for Permitted Liens and Liens granted in connection with and securing obligations under the Bridge Loan Facility.