Exit Tranche A Term Loans definition

Exit Tranche A Term Loans means the senior secured tranche A term loans in an aggregate principal amount of $20 million that shall be issued in accordance with the terms set forth in the Plan Support Agreement and on such other terms and conditions as shall be set forth in the Plan Supplement, which shall be on terms and conditions reasonably satisfactory to the Requisite First Lien Lenders.
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Examples of Exit Tranche A Term Loans in a sentence

  • The material terms of the Exit Tranche A Term Loans and Exit Tranche B Term Loans are set forth below, and the additional terms of the Exit Tranche A Term Loans and Exit Tranche B Term Loans (including any other terms to be negotiated in good faith between the Debtors and the Holders of DIP Term Loan Facility) will be set forth in the Plan Supplement.

  • The LIBOR floor shall be 1.0%.• Amortization: 2.5% per annum (payable quarterly) beginning in the second year following the Effective Date.• Excess Cash Flow Sweep: 50%, with payments split pro rata between the Exit Tranche A Term Loans and the Exit Tranche B Term Loans.• Security / Priority: Secured by a first-priority lien on the collateral that currently secures the Prepetition Term Loan Claims and a second-priority lien on the collateral that currently secures the Prepetition ABL Claims.

  • As discussed herein, the Plan provides for Reorganized HoldCo to distribute New Equity, the Exit Tranche A Term Loans, and the Exit Tranche B Term Loans to certain Holders of Allowed Claims.

  • The Exit Tranche A Term Loans shall be pari passu with the Exit Tranche B Term Loans.• Rating: The Debtors will use reasonable efforts to obtain a private rating for the Exit Term Loan Facility.• Exit Tranche B Term Loans.• Interest: LIBOR + 1.0% in cash and 9.0% PIK.

  • The Exit Tranche A Term Loans shall be pari passuwith the Exit Tranche B Term Loans.• Rating: The Debtors will use reasonable efforts to obtain a private rating for the Exit Term Loan Facility.

  • The Exit Tranche A Term Loans shall be pari passu with the Exit Tranche B Term Loans.

  • This Disclosure Statement does not address the consequences of such law on any Holder’s Claims or Interests or potential recovery under the Plan, and Holders are urged to consult their own advisor regarding the same.issue price of the Exit Tranche A Term Loans, Exit Tranche B Term Loans, and the fair market value of the New Equity.

  • They have been non-quantified due to one of the following reasons:1.

  • The Exit Tranche A Term Loans shall be pari passu with the Exit Tranche B Term Loans.o Rating: The Debtors will use reasonable efforts to obtain a private rating for the Exit Term Loan Facility.• Exit Tranche B Term Loans.o Interest: LIBOR + 1.0% in cash and 9.0% PIK.

  • The LIBOR floor shall be 1.0%. Amortization: 2.5% per annum (payable quarterly) beginning in the second year following the Effective Date. Excess Cash Flow Sweep: 50%, with payments split pro rata between the Exit Tranche A Term Loans and the Exit Tranche B Term Loans. Security / Priority: Secured by a first-priority lien on the collateral that currently secures the Prepetition Term Loan Claims and a second-priority lien on the collateral that currently secures the Prepetition ABL Claims.

Related to Exit Tranche A Term Loans

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Tranche A Term Loan as defined in Section 2.1.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche A Term Commitment as to any Lender, the obligation of such Lender, if any, to make a Tranche A Term Loan to the Borrower on the Incremental Facilities Closing Date in a principal amount not to exceed the amount set forth under the heading “Tranche A Term Commitment” opposite such Lender’s name on Schedule 1.1A. The original aggregate amount of the Tranche A Term Commitments is $20,000,000.

  • Tranche A Term Lender means a Lender with a Tranche A Term Commitment or an outstanding Tranche A Term Loan.

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche A Term Loan Maturity Date means October 20, 2015.

  • Tranche A Commitment means, with respect to each Lender, the commitment of such Lender to make Tranche A Loans hereunder as set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender assumed its Tranche A Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09, (b) increased from time to time pursuant to Section 2.26 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04.

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Tranche A Maturity Date means June 30, 2006, or if such day is not a Business Day, the next preceding Business Day.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).