Foothill Loan Agreement definition

Foothill Loan Agreement means the Loan and Security Agreement, dated as of December 15, 2000, by and among Borrower, as borrower, the other obligors named therein, the lenders signatory thereto and Foothill Capital Corporation, as arranger and administrative agent, as amended.

Foothill Loan Agreement means that certain Loan and Security Agreement dated as of April 13, 2001 by and among ClimaChem, certain Guarantors, the lenders party thereto and Foothill Capital Corporation, as arranger and administrative agent, as amended, including any replacement or refinancing thereof as permitted in this Agreement.

Foothill Loan Agreement means that certain Amended and Restated Loan and Security Agreement, dated as of July 3, 2007, between Borrower, the Guarantors, and Foothill, as the same is amended or modified from time to time.

Examples of Foothill Loan Agreement in a sentence

• Subject to the rights under the Foothill Loan Agreement, during the continuance of an Event of Default, the Collateral Agent may exercise, in addition to all other rights and remedies granted to it in this Agreement and in any other instrument or agreement securing, evidencing or relating to the Obligations, all rights and remedies of a secured party under the Code or any other applicable law.

• All proceeds from any such sales of assets shall be paid to the Purchasers for application to the Obligations, subject to the prior rights of any first Lien on such assets pursuant to the Foothill Loan Agreement.

• Such Purchaser shall have received a copy of an amendment to the Foothill Loan Agreement, duly executed by ClimaChem and the Guarantors party thereto and the lenders party thereto, in form and substance satisfactory to such Purchaser, in its sole discretion, and no default or event of default shall be continuing under any agreements governing the Foothill Debt.

• All required consents and approvals from any third parties to consummate the transactions contemplated hereby, including pursuant to the Foothill Loan Agreement, shall have been obtained.

• In addition, the Foothill Loan Agreement contains additional and more restrictive covenants than the indenture for the new secured notes and requires us to maintain specified financial ratios and satisfy certain tests relating to our financial condition.

More Definitions of Foothill Loan Agreement

Foothill Loan Agreement means the Amended and Restated Loan and Security Agreement by and among the Company, and each of the Subsidiaries that are signatories thereto as Borrowers, the lenders that are signatories thereto as the Lenders, and Wells Fargo Foothill, Inc. as the Arranger and Administrative Agent dated as of July 3, 2007, as amended, restated, supplemented, extended, renewed, refinanced or otherwise modified from time to time.

Foothill Loan Agreement means the Indebtedness incurred pursuant to the Amended and Restated Loan and Security Agreement, dated August 10, 2005, between the Company and Wells Fargo Foothill, Inc.; provided, however, that the aggregate outstanding amount of any such Indebtedness does not as of any date exceed (i) $26,000,000 or (ii) in the event that the Company has complied with the terms and conditions set forth in Section 4(p) of the Securities Purchase Agreement, if greater, an amount equal to 60% of the value of the Company’s “Eligible Accounts” (as defined in the Foothill Loan Agreement).

Foothill Loan Agreement means that certain Amended and Restated Loan and Security Agreement entered into by and among EGP, EYAS, Weatherly Consumer Products, Inc., a Delaware corporation, Xxxxxerly Consumer Products Group, Inc., a Delaware corporation, Foothill, and the financial institutions party thereto from time to time, as in effect on the date hereof.

Foothill Loan Agreement means that certain Loan and Security Agreement dated as of April 13, 2001 by and among ClimaChem, certain Guarantors, the lenders party thereto and Foothill Capital Corporation, as arranger and administrative agent, as amended, including any replacement or refinancing thereof as permitted in this Agreement. "GAAP" shall mean generally accepted accounting principles in the United States of America as in effect from time to time, except that for purposes of the financial covenants contained in Section 6.2(s) hereof, GAAP shall be as in effect on the date of the most recent Financials and shall be applied in a manner consistent therewith. "General Intangibles" shall mean all of the Credit Parties' now owned or hereafter acquired right, title, and interest with respect to "general intangibles" as that term is defined in the Code (including payment intangibles, contract rights, rights to payment, proprietary rights, rights arising under common law, statutes, or regulations, choses or things in action, goodwill, patents, trade names, trademarks, servicemarks, copyrights, blueprints, drawings, purchase orders, customer lists, monies due or recoverable from pension

Foothill Loan Agreement has the meaning set forth in Paragraph D of the Recitals of this Agreement.

Foothill Loan Agreement shall have the meaning set forth in Section 7.1.1(i).

Foothill Loan Agreement means the Loan and Security Agreement, dated as of December 15, 2000, by and among CPI, as borrower, the other obligors named therein, the lenders signatory thereto and Foothill Capital Corporation, as arranger and administrative agent, as amended.