Existing Senior Facility definition
Examples of Existing Senior Facility in a sentence
Each Borrower will promptly provide to Lender, copies of all information or notices required to be provided to Senior Lender under Section 10.1.2 or 10.1.3 of the Existing Senior Facility.
The parties will support a release of cash collateral under the Existing Senior Facility of up to an amount to be agreed to by the Parties pursuant to a reasonable cash budget to be prepared by the Company and will support any motions to such effect and to permit the Debtors to use cash on hand, cash to be generated from accounts and cash generated from operations during the Chapter 11 Cases.
Schedule 1 to Annex A-p.5 SCHEDULE 2 to Annex A (Terms of Convertible Preferred) HOLDERS: Holders of claims under Existing Senior Facility.
The Company shall use all commercially reasonable efforts to keep in full force and effect and to remain in compliance with all terms and conditions of the Purchase Option Agreement and with all terms and conditions of the Existing Senior Facility.
The Company agrees that any amendment, waiver or modification of any rights or obligations under the Purchase Option Agreement shall be approved in advance in writing by the Senior Lenders and under the Existing Senior Facility shall be approved in advance by the Noteholders.
The Group agrees that, in satisfaction of any commitments in respect of outstanding but undrawn letters of credit under the Existing Senior Facility, the Group shall cash collateralize or otherwise satisfy and release in full the Original Senior Lenders and the Senior Lenders substantially as contemplated under the Purchase Option Agreement.
The parties acknowledge that nothing in this Section shall be deemed to require any Holder to grant any waiver, forbearance or consent under the Indenture or the Existing Senior Facility that is not otherwise expressly provided hereunder or under the Purchase Option Agreement.
There shall be (either immediately prior to, or after giving effect to, the Notes Exchange) no breach or violation of, or a default under (with or without notice, lapse of time or both), the Existing Senior Facility or any New Senior Facility or New Junior Secured Notes.
Subject to Section 3, until the Final Completion Date, the Guarantor agrees that the Guarantor will perform, comply with and be bound by all of its agreements, covenants and obligations contained in Article VIII of the Existing Senior Facility.