Debt Equitization Event definition
Debt Equitization Event means the repayment, retirement and extinguishment of existing Second Lien Notes that results in a reduction of the outstanding aggregate principal amount of Second Lien Notes to no more than $287,950,000.
Examples of Debt Equitization Event in a sentence
The proceeds of the Loans and the Letters of Credit shall be used for (a) the payment of fees and expenses hereunder, (b) up to $10,000,000 of the Loans may be used as part of a Debt Equitization Event, (c) general corporate purposes and (d) Delayed Draw Loans may be utilized to Cash Collateralize, or reimburse the Issuing Bank for draws under, Letters of Credit.