New Money Facility definition

New Money Facility means the term facility to be provided as a result of the Restructuring and on the terms set out in Part 4: New Money Facility of the Term Sheet.
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New Money Facility has the meaning specified in the recitals hereto.
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New Money Facility means the new money term loan facility in a principal amount of up to$5,000,000 as set forth in Section 2.01(a).
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Examples of New Money Facility in a sentence

  • Work Fees On the Restructuring Effective Date, either NewCo or the Peruvian OpCos shall pay, from existing working capital or the proceeds of the New Money Facility, to each of the Initial Consenting Creditors and HSBC-HK an amount equal to 1.5% of their respective Senior Claims as of 2 March 2021, provided that the Initial Consenting Creditors and HSBC-HK are party to this Agreement as Consenting Creditors and are Senior Creditors on the Restructuring Effective Date.

  • Mandatory Pre- Payment In the event that NewCo raises additional funds by way of an equity issuance (whether by way of rights issue, equity private placement, convertible notes, options, warrants), or any debt issuance, all proceeds (net of costs and expenses) shall be used solely for repayment of principal under the New Money Facility.

  • Backstop Each Backstop Party shall advance its Final Backstop Amount to the Agent of the New Money Facility and complete all “know-your-customer” requirements of the Agent of the New Money Facility by the deadlines set out in the Explanatory Statement.

  • Pre-Payment The New Money Facility will also have an appropriate yield protection in the form of a make whole provision which may be waived by lenders of not less than 75% of the aggregate amount of commitments under the New Money Facility.

  • Transfer Restrictions Each lender under the New Money Facility (a “New Money Lender”) shall be free to transfer its commitments in the New Money Facility at any time after the New Money Facility has been utilised, in whole or in part, to another New Money Lender who is an original lender under the New Money Facility on the Restructuring Effective Date (an “Original Lender”).

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  • Covenant Package The covenant package for the New Money Facility shall follow the covenant package of the Club Loans as amended to: (i) reflect a Permitted Sale following the Restructuring Effective Date; (ii) reflect the operating status of the NewCo and its subsidiaries; and (iii) the seniority of the financial obligations under the New Money Facility.

  • Each Senior Creditor shall submit an irrevocable notice to the Information Agent indicating their decision to participate in the New Money Facility on the terms and by the deadline set out in the Approved Restructuring Documents.

  • Each Peruvian OpCo shall duly execute and deliver a promissory note (xxxxxx incomplete) in favour of the Agent of the New Money Facility to evidence its obligations to pay the amounts outstanding under the New Money Facility.

  • Each Backstop Party who has advanced its Final Backstop Amount to the Agent of the New Money Facility and complete all “know-your-customer” requirements of the Agent of the New Money Facility by the deadlines set out in the Explanatory Statement shall be paid a Backstop Fee.


More Definitions of New Money Facility

New Money Facility means an amount equal to $150,000,000.
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New Money Facility has the meaning set forth in Preliminary Statement (8) of this Agreement.
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New Money Facility has the meaning assigned to such term in the recitals of this Agreement.
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New Money Facility means the $470,000,000 secured loan facility made, or to be made, available to the Borrower pursuant to the New Money Credit Agreement and the other Financing Documents.
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New Money Facility means the credit facilities comprising the New Money Loans made to the Borrower in accordance with Section 2.01 and 2.02(a).
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New Money Facility. As part of the Transaction, CHF 475 million of new money will be made available to the Company pursuant to an unsecured, convertible term facility due 31 March 2027 provided by entities controlled by the Shareholders. This facility will be used to refinance the Interim Liquidity Facil- ity. The New Money Facility will have a fixed interest rate of 12.50% per annum and interest shall accrue on a separate account on the last day of each six month interest period (or such other period agreed with the relevant lenders). Interest will also accrue on unpaid interest. All accrued interest shall be payable on the maturity date in respect of the New Money Facility.
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Related to New Money Facility

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Bank Facility means any credit agreement, including the Credit Agreement dated June 28, 2012 among Bank of America, N.A., Equinix, Inc. and the guarantors party thereto, as amended, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Company as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • City Facility means any building, structure, property, park, open space, or vehicle, owned, leased or operated by the City, its agents, agencies, departments or franchisees.

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Energy facility means an energy plant or transmission

  • Secure facility or "detention home" means a local, regional or state public or private locked

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • City Facilities means City or publicly-owned structures or equipment located within the right of way or public easement used for governmental purposes.

  • Triage facility means a short-term facility or a portion

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Holding facility means a designated area for the retention of

  • Onshore facility means any facility any part of which is located in, on, or under any land of the state, other than submerged land, that because of its location, could reasonably be expected to cause substantial harm to the environment by discharging oil into or on the navigable waters of the state or the adjoining shorelines.

  • Idle facilities means completely unused facilities that are excess to the governmental unit's current needs.

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.

  • New Facility means a property previously undeveloped which is placed into service by means other than or in conjunction with expansion or modernization.

  • Repair facility Means any licensed automotive REPAIR FACILITY capable of performing repair services to a COVERED PART, approved by the ADMINISTRATOR, and at which YOU seek to acquire service under this CONTRACT.

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • Credit Facility Indebtedness means any and all amounts, whether outstanding on the Issue Date or thereafter Incurred, payable under or in respect of any Credit Facility, including without limitation principal, premium (if any), interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Company or any Restricted Subsidiary whether or not a claim for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees, other monetary obligations of any nature and all other amounts payable thereunder or in respect thereof.

  • Replacement Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Bridge Facility means the Commitments and any Advances made thereunder.