First Lien Term Loan Facility definition

First Lien Term Loan Facility means the credit facility pursuant to that certain First Lien Credit Agreement dated as of August 1, 2013 by and among The Standard Register Company, WorkflowOne, LLC, the subsidiary guarantors party thereto, the lenders party thereto, and Silver Point Finance, LLC, as amended, restated, supplemented, or modified from time to time.

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First Lien Term Loan Facility means that certain prepetition first lien term loan facility provided pursuant to the First Lien Credit Agreement.

First Lien Term Loan Facility means that certain prepetition first lien secured term loan credit facility provided for under the First Lien Term Loan Agreement in the original aggregate principal amount of

Examples of First Lien Term Loan Facility in a sentence

• Notwithstanding anything to the contrary herein, only the consent of the Required Delayed Draw Term Lenders shall be required with respect to an amendment, modification or waiver solely impacting the Delayed Draw First Lien Term Loan Facility.

• Issuer Level 3 Guarantors Same as Level 3 First Lien Term Loan Facility.

• Financial Covenants Usual and customary for facilities of this type, but in any event to include a maximum capital expenditures covenant, maximum interest coverage ratio and leverage ratio covenants, with testing of interest coverage ratio and leverage ratio covenants commencing on December 31, 2021, and with cushions above the corresponding thresholds under the New First Lien Term Loan Facility Documentation to be agreed.

• FELP shall take such actions as are necessary or required by the arrangers or initial purchasers, as applicable, in respect of the New First Lien Term Loan Facility or New Second Lien Notes to ensure that FRLP receives its elected allocation with respect thereto.

• Such security interest and lien will be pari passu with the security interest and lien securing the Level 3 First Lien Term Loan Facility, the Level 3 10.500% First Lien Indenture, the Level 3 10.750% First Lien Indenture and the Level 3 Limited Lumen Guarantees and senior to any security interest and lien securing the Level 3 Second Lien Indentures.

More Definitions of First Lien Term Loan Facility

First Lien Term Loan Facility means the first lien term loan facility established pursuant to the First Lien Term Loan Credit Agreement.

First Lien Term Loan Facility as defined in the recitals hereto.

First Lien Term Loan Facility means the Indebtedness incurred by Borrower under the First Lien Term Loan Documents.

First Lien Term Loan Facility means our senior secured first lien term loan facility in an initial principal amount of $920.0 million entered into on January 8, 2020, as amended by the incremental term loan facility in an initial amount of $150.0 million entered into on November 2, 2020 and the incremental term loan facility in an initial amount of $200.0 million entered into on July 20, 2021;

First Lien Term Loan Facility means any Class or tranche of First-Lien Term Loans incurred hereunder.

First Lien Term Loan Facility means the $470,000,000 first priority secured term loan facility provided for under the First Lien Credit Agreement.

First Lien Term Loan Facility means the commitment by Ares Capital Corporation (“Ares”), Ares Commercial Finance and HPS Investment Partners, LLC (“HPS”), subject to certain terms and conditions, to provide to the Corporation, through one or more funds managed or advised by Ares Capital Corporation and HPS Investment Partners, LLC or its affiliates, collectively, a $645,000,000 first lien term loan credit facility and revolving loans up to $150,000,000.