Existing Secured Lenders definition

Existing Secured Lenders means all the existing secured lenders of the Borrower as listed in Schedule II of this Agreement.
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Existing Secured Lenders means the lender parties to the existing Credit Agreement (the "Existing Credit Agreement") dated as of August 11, 1997 among PSC; Xxxxxx Services (Delaware), Inc.; Canadian Imperial Bank of Commerce ("CIBC"), as Administrative Agent; Bankers Trust Company ("BTCo"), as Syndication Agent; CIBC and BTCo, as Co-Arrangers; Dresdner Bank Canada and Dresdner Bank AG New York Branch, as Documentation Agent; and the various lenders from time to time parties thereto, including all amendments and modifications thereto. For purposes of this Agreement, the term "Majority Existing Secured Lenders" means, collectively, holders of not less than two-thirds (2/3) of the outstanding indebtedness under the Existing Credit Agreement. WHEREFORE, for good and valuable consideration, the adequacy, sufficiency and receipt of which is hereby acknowledged, PSC, High River, AREH and Foothill agree as follows:
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Existing Secured Lenders means GGP, the GGP Funds, Pura Vida Master Fund, Ltd., Pura Vida Pro Special Opportunity Master Fund, Ltd., and Parallax Master Fund, L.P.;
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Examples of Existing Secured Lenders in a sentence

  • The Existing Secured Lenders shall at any time (other than in connection with confirmation of a plan of reorganization) have the option to purchase all of the outstanding DIP Loan Obligations at a price equal to 100% of the aggregate amount of the outstanding DIP Loan Obligations.

  • The Debtors may pay all operating expenses in accordance with a schedule of such payments provided to and approved in advance by CMB, and otherwise subject to the Second Interim Order (I) Authorizing Use of Cash Collateral of Existing Secured Lenders Pursuant to Section 363(c) of the Bankruptcy Code; (II) Granting Adequate Protection for the Use Thereof; and (III) Scheduling a Final Hearing Pursuant to Bankruptcy Rule 4001 as to Use of Cash Collateral [Docket No. 59].

  • Here we briefly summarize the application of this code to our dataset.

  • The Borrower shall have procured no objection certificates from its Existing Secured Lenders for creation of the security interest on the Borrower’s assets for securing the Loan within a period of 3 (three) months from the date of 1st (first) disbursement.

  • In the event that the Existing Secured Lenders exercise such option, the Existing Secured Lenders shall have all of the benefits of the DIP Loan Documents, the DIP Obligations and DIP Liens provided in this Final Order.

  • On April 12, 2010, the Bankruptcy Court entered the Second Interim Order (a) Authorizing the Debtors to Use Cash Collateral of Existing Secured Lenders and Granting Adequate Protection for Use and (b) Prescribing the Form and Manner of Notice and Setting the Time for the Final Hearing [Docket No. 120] (the “Second Interim Cash Collateral Order”).

  • All the Debtors' admissions, stipulations and releases contained in the Second Interim Order (I) Authorizing the Debtors to Use Cash Collateral of Existing Secured Lenders and (II) Granting Adequate Protection for Use Thereof [Docket No. 45] (“Second Cash Collateral Order”) are incorporated herein.

  • The registered office or the principal residence of each Guarantor, as applicable, is set forth in the Transaction Summary.

  • While this is often seen as an attempt by men to ensure their status within an occupation, it can also be a result of the occupation being male dominated [33].

  • On the Petition Date, the Debtors filed the Debtors’ Emergency Motion for Interim and Final Orders (a) Authorizing the Debtors to Use Cash Collateral of Existing Secured Lenders and Granting Adequate Protection for Use and (b) Prescribing Form and Manner of Notice and Setting the Time for the Final Hearing [Docket No. 7] (the “Cash Collateral Motion”).


More Definitions of Existing Secured Lenders

Existing Secured Lenders has the meaning set forth in the Recitals.
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Related to Existing Secured Lenders

  • Secured Lender means a lender under a Secured Lender’s Security Agreement.

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Required Lenders means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than 50% of the sum of the total Revolving Credit Exposures and unused Commitments at such time.

  • Majority Revolving Lenders at any time, (a) if only one Revolving Lender holds the Total Revolving Commitments at such time, such Revolving Lender, both before and after the termination of such Revolving Commitment; and (b) if more than one Revolving Lender holds the Total Revolving Commitment, at least two Revolving Lenders who hold more than 50% of the Total Revolving Commitments (including, without duplication, the L/C Commitments) or, at any time after the termination of the Revolving Commitments when such Revolving Commitments were held by more than one Revolving Lender, at least two Revolving Lenders who hold more than 50% of the Total Revolving Extensions of Credit then outstanding (including, without duplication, any L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time)); provided that the Revolving Commitments of, and the portion of the Revolving Loans and participations in L/C Exposure and Swingline Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Requisite Revolving Lenders means Lenders having (a) more than 50% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Revolving Loan.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Existing Revolving Credit Agreement means that certain Revolving Credit Agreement, dated as of August 29, 2018, among the Borrower, the other borrowers party thereto, the lenders and letter of credit issuers from time to time party thereto and Xxxxx Fargo Bank, National Association, as administrative agent (as amended, restated, supplemented or otherwise modified from time to time).

  • Requisite Lenders means Lenders having (a) more than 50% of the Commitments of all Lenders, or (b) if the Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Loans.

  • Majority Lenders means a Lender or Lenders whose Commitments aggregate more than sixty six and two thirds per cent (66 2/3%) of the aggregate of all the Commitments.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Consenting Lenders has the meaning set forth in Section 2.21(b).

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Extending Lenders has the meaning specified in Section 2.08.

  • Majority Term Lenders at any time, (a) if only one Term Lender holds the Term Loan, such Term Lender; and (b) if more than one Term Lender holds the Term Loan, at least two Term Lenders who hold more than 50% of the principal sum of all Term Loans outstanding; provided that the portion of the Term Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Term Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Refinancing Lender has the meaning set forth in Section 2.15(c).

  • Lender Creditors shall have the meaning provided in the recitals of this Agreement.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Continuing Lenders as defined in the recitals hereto.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Requisite Term Loan Lenders shall in no event mean less than two Term Loan Lenders.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).