INSW Credit Agreement definition

INSW Credit Agreement means that certain Credit Agreement, as amended, supplemented or otherwise modified from time to time, dated as of August 5, 2014, by and among OSG, INSW, OIND, the other guarantors party thereto, the lenders party thereto, Jefferies Finance LLC, Barclays Bank PLC and UBS Securities LLC, as joint lead arrangers and joint book running managers, Jefferies Finance LLC, as administrative agent, Barclays Bank PLC and UBS Securities LLC, as co-documentation agents, Jefferies Finance LLC, as syndication agent, Jefferies Finance LLC, as collateral agent and mortgage trustee for the secured parties, Jefferies Finance LLC, as swingline lender and Jefferies Finance LLC, as an issuing bank for the lenders, as amended by that certain Amendment to Credit Agreement and Security Agreement, dated as of June 3, 2015, among OSG, OIND, INSW and certain other subsidiaries of INSW party thereto, the various lenders party thereto and Jefferies Finance LLC, that certain Second Amendment to Credit Agreement, dated as of July 18, 2016, among OSG, OIND, INSW and certain other subsidiaries of INSW party thereto and the various lenders party thereto and Jefferies Finance LLC, and that certain Third Amendment to Credit Agreement, dated as of September 20, 2016, among OSG, OIND, INSW and certain other subsidiaries of INSW party thereto and the various lenders party thereto and Jefferies Finance LLC.
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Examples of INSW Credit Agreement in a sentence

  • Prior to or concurrent with the Effective Time, INSW shall amend and restate the INSW Credit Agreement to reflect that the Contribution and the Distribution have occurred, and such other matters as may be reflected in such amendment and restatement.

  • In particular, the Second INSW Credit Agreement Amendment permits the distribution of OSG’s equity interests in INSW to OSG’s shareholders in conjunction with the transfer of substantially all of INSW’s assets (subject to certain exceptions) to a new wholly-owned subsidiary of INSW, subject to the satisfaction of other conditions set forth in the INSW Facilities and the Second INSW Credit Agreement Amendment.

  • The Second INSW Credit Agreement Amendment amends the conditions under which the INSW Facilities permit OSG to spin off INSW.

  • On September 20, 2016, the Company entered into a third amendment (the “Third INSW Credit Agreement Amendment”) to the INSW Facilities.

  • On July 18, 2016, the Company entered into a second amendment (the “Second INSW Credit Agreement Amendment”) to the INSW Facilities.

  • The Third INSW Credit Agreement Amendment, among other things, allows for INSW to distribute cash dividends in an aggregate amount not to exceed $100,000 to OSG between the effective date of the amendment and October 14, 2016.

  • The pro-forma balance sheet and pro-forma statements of income give effect to the $75,000 INSW Term Loan prepayment referenced above and the debt amendment fees of approximately $472 and $7,801 relating to the Second INSW Credit Agreement Amendment and Third INSW Credit Agreement Amendment, respectively, as such items are deemed to be directly attributable to the Transactions.

  • Partially offsetting the $10,495 increase in the accounts payable, accrued expenses and other current liabilities in the accompanying pro forma consolidated balance sheets as of June 30, 2016 is a $683 reduction to reflect the assumed settlement of interest that had been accrued in the historical June 30, 2016 balance sheet related to the $75,000 outstanding INSW Term Loan principal that was prepaid in conjunction with the Third INSW Credit Agreement Amendment (see footnote (a) above).

  • In accordance with the terms of the Third INSW Credit Agreement Amendment, INSW also prepaid $75,000 of the outstanding principal balance of the INSW Term Loan on September 20, 2016.

Related to INSW Credit Agreement

  • New Credit Agreement means the new credit agreement entered into as of December 23, 2021 in connection with the Closing of the Business Combination, by Fathom OpCo, certain lenders, and JPMorgan Chase Bank, N.A., as administrative agent thereunder.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • DIP Credit Agreement means the credit agreement with respect to the DIP Facility.

  • U.S. Credit Agreement means that certain credit agreement dated as of even date herewith by and among the U.S. Borrower, as borrower, the lenders party thereto, as lenders, and the U.S. Administrative Agent, as administrative agent.

  • Existing ABL Credit Agreement means that certain ABL credit agreement, dated as of April 19, 2013, among Petco Animal Supplies, Inc., the lenders party thereto, Bank of America, N.A., (as successor to Credit Suisse AG) as administrative agent, Xxxxx Fargo Bank, National Association, as collateral agent, and the subsidiaries of Petco Animal Supplies, Inc. from time to time party thereto, as amended by that certain First Amendment to the ABL Credit Agreement, dated as of November 21, 2014.

  • ABL Credit Agreement as defined in the recitals hereto.

  • Term Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Bridge Credit Agreement means that certain Credit Agreement, dated as of December 24, 2018, by and among Parent Borrower, as Borrower, Citibank, N.A., as Agent and the other parties thereto.

  • Prior Credit Agreement has the meaning specified in the Recitals hereto.

  • Company Credit Agreement means that certain Credit Agreement, dated as of March 8, 2019, among the Company, as borrower, the guarantors from time to time party thereto, the lenders and issuing banks from time to time party thereto and Bank of America, N.A., as administrative agent.

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • First Lien Credit Agreement has the meaning set forth in the Recitals to this Agreement.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrowers, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent.

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • Existing Credit Agreement as defined in the recitals hereto.

  • Amended Credit Agreement means the Existing Credit Agreement as amended hereby.

  • Credit Agreement has the meaning assigned to such term in the preliminary statement of this Agreement.

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • Parent Credit Agreement means that Credit Agreement, dated as of the date hereof, by and among FE and FET as borrowers, the banks and other financial institutions party thereto from time to time, and JPMorgan as administrative agent, as amended, amended and restated or otherwise modified from time to time.

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Credit Agreement Agent means, at any time, the Person serving at such time as the “Agent” or “Administrative Agent” under the Credit Agreement or any other representative then most recently designated in accordance with the applicable provisions of the Credit Agreement, together with its successors in such capacity.

  • 364-Day Credit Agreement means the 364-Day Credit Agreement, dated as of the date hereof, among the Borrowers, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, as administrative agent, and the other agents party thereto.

  • Master Letter of Credit Agreement means, at any time, with respect to the issuance of Letters of Credit, a master letter of credit agreement or reimbursement agreement in the form, if any, being used by the Issuing Lender at such time.

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).