Existing Credit Agreement Refinancing definition

Existing Credit Agreement Refinancing means the payment in full of all principal, premium, if any, interest, fees and other amounts due or outstanding under the Existing Credit Agreement, the termination of commitments thereunder and the discharge and release of all Guarantees and Liens existing in connection therewith.

Existing Credit Agreement Refinancing means the repayment of all of the outstanding indebtedness (and termination of all commitments) under the Existing Credit Agreement, all as provided in Section 6.05.

Existing Credit Agreement Refinancing means the payment in full of all principal, premium, if any, interest, fees and other amounts due or outstanding under the Existing Senior Facilities Agreement, the termination of commitments thereunder and the discharge and release of all Guarantees and Liens existing in connection therewith.

Examples of Existing Credit Agreement Refinancing in a sentence

• Substantially concurrently with the initial Credit Extension on the Effective Date, the Existing Credit Agreement Refinancing shall have been consummated.

• The Existing Credit Agreement Refinancing shall have been consummated, or shall be consummated substantially concurrently with the funding of the initial Credit Extensions on the Closing Date and the Administrative Agent shall have received evidence thereof.

• Use of Proceeds: The proceeds of the Term Loan Facilities will be used, together with the proceeds of the Bridge Facility and/or the Notes and the proceeds of up to $50.0 million (or such other amount as set forth under “Availability” below) of loans under the Revolving Credit Facility, as applicable, to finance (a) the consummation of the Acquisition, (b) the Existing Credit Agreement Refinancing and (c) the payment of fees and expenses incurred in connection with the Transactions.

• Use the proceeds of the Credit Extensions only in compliance with (and not in contravention of) applicable Laws and each Loan Document, including for working capital and general corporate purposes (including Permitted Acquisitions) and to consummate the Existing 2024 Notes Repurchase and the Existing Credit Agreement Refinancing and to pay Transaction Expenses.

• The proceeds of the Refinancing Term Loans will be used solely to finance, in part, the Existing Credit Agreement Refinancing and the payment of fees and expenses related to the Transactions.

More Definitions of Existing Credit Agreement Refinancing

Existing Credit Agreement Refinancing means the repayment in full of the Indebtedness of APi and its Subsidiaries under the Existing Credit Agreement and the termination and release of all commitments, security interests and guarantees in connection therewith.

Existing Credit Agreement Refinancing has the meaning set forth in the recitals hereto.

Existing Credit Agreement Refinancing means the repayment of all the existing Indebtedness outstanding under the Existing Credit Agreement and the termination of all guarantees and releases of all security interests with respect thereto.

Existing Credit Agreement Refinancing means the payment in full of all principal, interest, fees and other amounts due or outstanding under the Existing Credit Agreement and the termination of all commitments thereunder and discharge or release of the guarantee thereunder.

Existing Credit Agreement Refinancing has the meaning specified in Clause (c) of the definition of Certain Funds Purpose.

Existing Credit Agreement Refinancing means the repayment in full by Xxxx Rental, Inc. of the obligations under the Existing Credit Agreement on the Closing Date.

Existing Credit Agreement Refinancing means the repayment of all principal, interest, fees and other amounts (other than contingent obligations that are not yet due) outstanding under the Existing Credit Agreement, the cancelation and termination of all letters of credit issued and outstanding thereunder (other than any such letters of credit that are backstopped or cash collateralized, or designated as Existing Letters of Credit in accordance with the terms of this Agreement) and the termination of all commitments thereunder.