Examples of Last Out Term Loan in a sentence
On the Effective Date, all Prepetition Loan Deficiency Claims on account of Allowed Senior First Out Term Loan Claims, Allowed Senior Last Out Term Loan Claims, and the Holdco Loan Claims shall be waived and released and shall not participate in any distributions from the GUC Recovery Trust.
The Prepetition Agent and the Prepetition Lenders shall not be required to file proofs of Claim on account of any Senior Last Out Term Loan Claims.
Each Loan Party and each Last-Out Term Lender agree and acknowledge that the Loan Parties shall not exercise their option to make cash payments of interest in respect of the Last Out Term Loan at any time during the Availability Modification Period.
There is also a separate loan agreement with Great American Capital Partners (“GACP”), where GACP provided a First In Last Out Term Loan (“FILO Term Loan”) within the Wells Fargo Credit Facility in the amount of $20,000,000, and inclusive in the $237,000,000 total amount.
Riley agreed to purchase from B&W all shares of common stock in the 2019 Rights Offering that were not subscribed to by other B&W stockholders or exchange an equal amount of the outstanding principal amount of the Tranche A-2 or A-3 Last Out Term Loans; and (5) an exchange of Vintage’s existing Tranche A-1 Last Out Term Loan for shares of common stock at a price of $0.30 per share (together, the “2019 Transactions”).
Riley’s $150 million Tranche A-3 Last Out Term Loan and $15 million credit facility to B&W; (2) the issuance to B.
The Collateral (as defined below) will be created under, and governed by, the same collateral documents as the Last Out Term Loan, the Last Out Notes, and (if any) the Last Out Incremental Debt, subject to any local law requirements.
Cumulative debt repayments, inclusive of accrued but unpaid interest, of $210.7 million were paid in conjunction with the close, which consisted of a $75.3 million repayment of the First Out Term Loan, $61.7 million repayment of the Last Out Term Loan, a $50.0 million payment used to retire the non-converting portion of the Senior Secured Subordinated Promissory Note, a $16.3 million repayment of the 8090 FV Subordinated Promissory Note, and $7.4 million repayment of the 2021 Seller Notes.
No Lender shall be obligated to advance any portion of the Last Out Term Loan in an aggregate amount equal to $15,000,000 unless and until Agent and GECMG shall have syndicated such portion of the Last Out Term Loan to the Agent’s satisfaction in its sole discretion.
Lay out plan providedYes/No2Area of head works proposed3List of units proposed4Type of Clarifier Proposed5Type of Filter Proposed6Head Loss from inlet chmber to clear wáter annel Description of Proposed Water Treatment Plant: Bidder will describe the proposed wáter tretment method, expected results and requirements of operation and maintenance in sufficient details so that employer can assess the suitability of the bidders proposal.