Holdco Lender definition
Examples of Holdco Lender in a sentence
Notwithstanding anything herein to the contrary, no Prepayment Premium shall be payable hereunder or under the Loan Documents using the proceeds of any loans under the HoldCo Credit Agreement which are funded in accordance with the Holdco Lender Backstop Agreement.
The Holdco Credit Agreement continues in full force and effect and all rights of the Holdco Lender continue thereunder until the Transaction Closing Date when the indebtedness owing thereunder will be restructured as provided in the Quest Eastern Credit Agreement.
Until the Transaction Closing Date, nothing in this Agreement shall affect the rights of the Holdco Lender with respect to any breach, noncompliance, default or event of default arising under the Holdco Credit Agreement and the terms of this Agreement do not constitute a waiver of, or agreement not to enforce, any default that has occurred, or any right arising therefrom, under the Holdco Credit Agreement.
None of Seller, its Affiliates or any Person on its behalf has entered into material discussions or negotiations with the Existing Holdco Lender with respect to the modification of the Existing Holdco Financing other than as disclosed in the Term Sheet or as disclosed fully to Purchaser in writing.
If Purchaser elects to cause the Loan Modification to occur (which may occur at or prior to Closing as determined by Purchaser) Seller and Purchaser shall enter into definitive loan modification documents with Holdco Lender, modifying the Existing Holdco Financing on terms that are substantially in accordance with the Loan Modification Term Sheet (the “Term Sheet”) attached hereto as Exhibit L (the “Loan Modification”).