New Revolver definition

New Revolver means that certain post-consummation revolving credit exit facility, which shall assume all borrowings and extensions of credit under the DIP Facility on the Effective Date. The terms of the New Revolver shall be contained in the Plan Supplement.
Sample 1Sample 2Sample 3
New Revolver means that certain Credit and Guaranty Agreement, dated as of October 17, 2017, among the Issuer, TerraForm Power, LLC, the Guarantors, HSBC Bank USA, National Association, as administrative agent and collateral agent, and the other financial institutions party thereto, as amended, restated, supplemented, modified or replaced from time to time.
Sample 1Sample 2Sample 3
New Revolver means that certain post-consummation revolving credit exit facility to be made available pursuant to the New Credit Agreement in the amount of seventy-five million dollars ($75,000,000) on the Effective Date, which shall be used to refinance FairPoint’s obligations under the DIP Facility on the Effective Date and shall be otherwise available for general corporate purposes after the Effective Date.
Sample 1Sample 2Sample 3

Examples of New Revolver in a sentence

  • Documents evidencing the New Term Loan and the New Revolver will be filed by FairPoint with the Plan Supplement.

  • If any of the conditions referenced above are not met and, as a result, the DIP Credit Agreement does not convert into the New Revolver, FairPoint intends to obtain a new revolving credit facility.

  • In accordance with Section 8.2 of the Plan, Reorganized FairPoint’s entry into the New Term Loan and New Revolver, and the incurrence of the indebtedness thereunder, on the Effective Date will be authorized without the need for any further corporate action and without any further action by holders of Claims or Old Equity Interests.

  • Under the terms of the Letter of Credit Facilities, we are required to maintain minimum liquidity requirements of $500.0 million under the Sponsor Line Agreement and $400.0 million under the New Revolver.

  • As of December 31, 2017, there were $60.0 million of revolving loans and $102.6 million of letters of credit outstanding under the New Revolver, with availability of $287.4 million as of such date.


More Definitions of New Revolver

New Revolver means a new revolving credit facility of the Debtor providing for borrowings of at least $50,000,000 provided by the New Revolving Lenders in
Sample 1Sample 2Sample 3
New Revolver means that certain post-consummation revolving credit
Sample 1Sample 2
New Revolver means that certain revolving credit facility for up to $500 million of availability, which may be increased to $750 million with the consent of the Required Consenting Jackson Crossover Group Members, to be issued pursuant to the Plan and the New Debt Documents, and which will be secured by a first lien on substantially all of the Reorganized Debtors’ assets (pari passu with the other first lien New Debt), subject to
Sample 1
New Revolver means a credit facility for working capital in an aggregate principal amount not to exceed $25,000,000 and on terms and conditions (including intercreditor arrangements) satisfactory to the Agent in its reasonable discretion. "Non-GAAP Financials" means any financial statements delivered to the Lenders in compliance with Section 8.1 which are expressed to be not in accordance with GAAP.
Sample 1Sample 2
New Revolver means that certain revolving credit facility for up to $750 million of availability, to be issued pursuant to the Plan and the New Debt Documents, which will be secured by a first lien on substantially all of the Reorganized Debtors’ assets, subject to customary exclusions, and which will be undrawn as of the Effective Date.
Sample 1Sample 2
New Revolver means a new revolving credit facility in the amount of [●] that [Reorganized OpCo] will enter into on the Effective Date, the form of which shall be included in the Plan Supplement.
Sample 1
New Revolver means that certain revolving credit facility for up to $500 million of availability, which may be increased to $750 million with the consent of the Required Consenting Xxxxxxx Crossover Group Members, to be issued pursuant to the Plan and the New Debt Documents, and which will be secured by a first lien on substantially all of the Reorganized Debtors’ assets (pari passu with the other first lien New Debt), subject to customary exclusions, which may be issued on a first out basis relative to all other secured New Debt at the election of the Company Parties.
Sample 1