Effective Date Debt Limit definition

Effective Date Debt Limit means Two Hundred Twenty Five Million Dollars ($225,000,000), inclusive of all funded New Secured Financing and any pre-petition debt Reinstated under this Plan.
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Effective Date Debt Limit means Seventy-Four Million Five Hundred Thousand Dollars ($74,500,000.00).
Sample 1

Examples of Effective Date Debt Limit in a sentence

  • The Debtors or the Reorganized Debtors, as applicable, with the consent of the Creditors’ Committee, not to be unreasonably withheld, shall be authorized to enter into the New Secured Financing Documents on or before the Effective Date, provided, however, that the aggregate amount of the New Secured Financing shall not exceed the Effective Date Debt Limit.

  • The Plan provides for the Debtors’ potential entry, with the consent of the Creditors’ Committee, not to be unreasonably withheld, into new secured financing facilities on or before the Effective Date, provided, however, that the aggregate amount of the New Secured Financing does not exceed the Effective Date Debt Limit.

  • Among the conditions precedent to the Effective date are: (i) the aggregate debt of the Debtors shall not exceed the Effective Date Debt Limit; (ii) the Cash Balance shall not be less than $75,000,000 on the Effective Date, after giving effect to the application of the Minimum Cash Commitment; and (iii) the Allowed Thirty Two Claim shall receive payment in full, in Cash, on the Effective Date, in the amount of the Allowed Thirty Two Claim in full satisfaction of the Allowed Thirty Two Claim.

  • As agreed in the Settlement Term Sheet, the Debtors will use their best efforts to enter into the New Secured Financing Documents on or before the Effective Date, provided that the aggregate amount of the New Secured Financing does not exceed the Effective Date Debt Limit.

  • New Secured Financing The Debtors or the Reorganized Debtors, as applicable, with the consent of the Creditors’ Committee, not to be unreasonably withheld, shall be authorized to enter into the New Secured Financing Documents on or before the Effective Date, provided, however, that the aggregate amount of the New Secured Financing shall not exceed the Effective Date Debt Limit.

Related to Effective Date Debt Limit

  • Closing Date Term Loans as defined in Section 2.1.

  • Increase Effective Date has the meaning specified in Section 2.14(d).

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Closing Date Term Loan has the meaning specified in Section 2.01(a).

  • Closing Date Refinancing means the repayment, repurchase, redemption, defeasance or other discharge of the Existing Debt Facility and termination and/or release of any security interests and guarantees in connection therewith.

  • Effective Date of Coverage means the date of commencement of Coverage in respect of a Life Insured under the Policy pursuant to the provision on Commencement of Coverage.

  • Closing Date Indebtedness means the aggregate amount of Indebtedness, determined as of and immediately prior to the Closing.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • Effective Date of Contract means the date established in the Contract for the Contractor’s work to begin, or the date the Contract has been fully executed and received all required approvals, whichever date is later.

  • Restatement Agreement has the meaning set forth in the introductory statement of this Agreement.

  • Closing Date Cash has the meaning specified in Section 3.4(a).

  • Incremental Facility Amendment has the meaning assigned to such term in Section 2.20(f).

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Release Effective Date means the date the Release becomes effective and irrevocable.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Closing Date Transactions means, collectively (a) the funding of the Loans on the Closing Date and the execution and delivery of Loan Documents to be entered into on the Closing Date, (b) the Debt Proceeds Transfer, and (c) the payment of Closing Date Transaction Expenses.

  • Effective Date has the meaning set forth in the preamble.

  • Closing Date Net Working Capital has the meaning specified in Section 3.4(a).

  • Closing Date Acquisition shall have the meaning assigned to such term in the recitals hereto.

  • Required Effective Date means the relevant Initial Required Effective Date or Increased Required Effective Date (as those terms are defined below).

  • Increase Joinder has the meaning specified therefor in Section 2.14.

  • Collateral Acquisition Agreements means each of the agreements entered into by the Issuer in relation to the purchase by the Issuer of Collateral Debt Obligations from time to time.

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Modified Restructuring Maturity Limitation Date means with respect to a Reference Obligation, the date that is the later of (x) the Scheduled Maturity Date of the Notes and (y) 60 months following the Restructuring Date in the case of a Restructured Bond or Loan, or 30 months following the Restructuring Date in the case of all other Reference Obligations.

  • Incremental Term Loan Assumption Agreement means an Incremental Term Loan Assumption Agreement in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Term Lenders.