Examples of New Second Lien Facility in a sentence
As of the Effective Date, each of the Reorganized Debtors shall be deemed to have incurred the Exit Facility Obligations and the New Second Lien Facility Obligations pursuant to the Exit Credit Agreement and the New Second Lien Credit Agreement, respectively.
The fair values of the New Term Loan Facility and New Second Lien Facility were determined using relevant market data as of the Effective Date and the terms of each of the respective instruments.
The issuance and Distribution of the Reorganized Holdings Equity Interests to the First Lien Agent and the execution of the New Second Lien Facility by the Reorganized Debtors and each of the parties thereto shall be deemed Distributions to the respective holders of Allowed First Lien Claims.
As of the Effective Date, all property of the Reorganized Debtors shall be free and clear of all Claims, encumbrances, Equity Interests, charges and Liens except as provided or contemplated herein, in connection with the Exit Facility and New Second Lien Facility, or in the Confirmation Order.
Each Holder of a Prepetition Lender Secured Claim against the Debtors shall receive its respective Pro Rata share of: (A) the New Second Lien Facility (in the event any of the Prepetition Lender Secured Claim is retained after the Effective Date of the Plan as debt); and(B) 100% of the New Falcon Interests (subject to dilution by the Management Incentive Plan and the DIP Claims to the extent the Plan Sponsor elects to convert the DIP Claims into New Falcon Interests).