LBO Lenders definition

LBO Lenders means the “Lenders” as defined in the LBO Term Sheet (each an “LBO Lender”).
Sample 1
LBO Lenders means, as applicable, the Step One Lenders, Step Two Lenders, Bridge Loan Lenders and EGI-TRB LLC Noteholders.
Sample 1

Examples of LBO Lenders in a sentence

  • Because the Subsidiary Guarantors had not guaranteed the Bond Debt, these Subsidiary Guarantees ensured that the LBO Lenders would be paid in full before the bondholders could receive any payments derived from the value at the Subsidiary Guarantors.

  • That new debt was guaranteed by most of Tribune’s subsidiaries (the “Subsidiary Guarantors”), thereby ensuring that the LBO Lenders would be paid before the Company’s existing creditors in the event of a bankruptcy.

  • The Lead Banks also took other steps that were intended to make it more difficult for the Company’s non-LBO lenders to share equally with the LBO Lenders in any bankruptcy recoveries.

  • As a result, by causing the Subsidiary Guarantors to enter into the Subsidiary Guarantees, the Company effectively transferred the value of the Company’s equity interest in the Subsidiary Guarantors to the LBO Lenders.

  • The Incremental Facility funding was provided through a series of “Increased Joinders” executed on or about December 20, 2007, by which various LBO Lenders added this funding to the Tranche B Facility originated in the Step One Financing.

  • Does 1-100 (the “Additional Parties”) are LBO Lenders presently unknown to the Committee.

  • The spherical joint allows rough adjustment of the cross-dispersed orders on the CCD.

  • In late May, 2007, a JPMorgan analyst who was working on the LBO explained in colorful terms how the Subsidiary Guarantees ensured that JPMorgan and the other LBO Lenders would be paid in full in a Tribune bankruptcy, notwithstanding that the Company’s value was less than the total debt it would have following consummation of the LBO:There was a WSJ article today that talked about how TRB .

  • In light of these analyses, the LBO Lenders did not want to go forward with Step Two, but believed they were contractually obligated to do so.

  • Thus, the entirety of the LBO Debt—and then some—was used to pay Tribune’s shareholders,LBO advisors, LBO Lenders, and management, and left Tribune saddled with nearly $2.8 billion of pre-LBO debt, plus $10.7 billion of new LBO Debt.

Related to LBO Lenders

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • Prepetition Lenders means those lenders party to the Prepetition Credit Agreement from time to time.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments that, taken together, represent more than 50% of the sum of (x) all Revolving Facility Loans outstanding, (y) all Revolving L/C Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • DIP Lender means a lender under the DIP Facility.

  • Continuing Lenders as defined in the recitals hereto.

  • Term Lenders means those Lenders having Term Loan Commitments.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Extending Lenders has the meaning specified in Section 2.08.

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

  • Consenting Lenders has the meaning specified in Section 2.13(b).