Final Roll-Up definition
Examples of Final Roll-Up in a sentence
On and as of each applicable Interest Payment Date for such Final Roll-Up Loans, the accrued interest to be paid-in-kind shall be automatically capitalized and added to the then-outstanding principal amount of such Final Roll-Up Loans and thereafter shall constitute part of such principal amount and shall accrue interest at the Roll-Up Fixed Rate.
Pursuant to the ABL Creeping Roll-Up and the ABL Final Roll-Up, the Prepetition ABL Loan Claims shall be rolled into DIP ABL Loans and shall not be treated under the Plan.
On the date of the Third Borrowing (if any), consistent with the Final DIP Order, any outstanding Contingent Roll-Up Loan shall automatically convert into a Final Roll-Up Loan (Third Borrowing) and such Final Roll-Up Loan (Third Borrowing) shall be deemed to be made pursuant to Section 2.01(e)(iii) on such date (without any notice or request by the Borrower).
On such Borrowing Date, the Final Roll- Up Amount and Final Roll-Up Loans shall be allocated (A) first, to reduce the remaining aggregate outstanding amount of Prepetition Original Loans held by the Prepetition First Lien Term Loan Lenders, and (B) second (only to the extent no Prepetition Original Loan amounts remain outstanding to be allocated), to reduce the aggregate outstanding amount of Prepetition Disbursement Loans held by the Prepetition First Lien Term Loan Lenders.
The Closing Date Loans shall be treated as part of a single class of Loans with the Initial Roll-Up Loans, the Final Roll-Up Loans (if any), the First Delayed Draw Loans (if any) and the Second Delayed Draw Loans (if any).
Each Final Roll-Up Lender shall have been deemed to execute this Agreement on the Closing Date.