New Term Loan Credit Agreement definition

New Term Loan Credit Agreement means the loan agreement, to be dated as of the Effective Date that will govern the New Term Loan, the form of which shall be included in the Plan Supplement.

New Term Loan Credit Agreement means one or more credit agreements to be entered into on or about the Issue Date, by and among the Company, the borrowers and guarantors from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, a syndicate of financial institutions party thereto, the other agents party thereto, and each lender from time to time party thereto, together with the related documents thereto (including any Guarantees and security documents), as amended, extended, renewed, restated, refunded, replaced, refinanced, supplemented, modified or otherwise changed (in whole or in part, and without limitation as to amount, terms, conditions, covenants and other provisions) from time to time, and any one or more agreements (and related documents) governing Indebtedness, including indentures, incurred to refinance, substitute, supplement, replace or add to (including increasing the amount available for borrowing or adding or removing any Person as a borrower, issuer or guarantor thereunder, in whole or in part), the borrowings and commitments then outstanding or permitted to be outstanding under such New Term Loan Credit Agreement or one or more successors to the New Term Loan Credit Agreement or one or more new credit agreements.

New Term Loan Credit Agreement means that certain [•].

Examples of New Term Loan Credit Agreement in a sentence

• The Notes and the Guarantees thereof will be secured on a pari passu basis with the Obligations under the New Term Loan Credit Agreement by (1) perfected first-priority security interests in the Term Loan Priority Collateral and (2) perfected second-priority security interests in the ABL Priority Collateral, other than, in each case, the Excluded Assets (as defined below).

• The Controlling Collateral Agent is the New Term Loan Credit Agreement Collateral Agent and will remain the New Term Loan Credit Agreement Collateral Agent until the earlier of (1) the Discharge of First Priority Lien Obligations that are New Term Loan Obligations and (2) the Non-Controlling Collateral Agent Enforcement Date (such earlier date, the “Controlling Collateral Agent Change Date”).

• Each Subsidiary of the Issuer that guarantees the Old Notes, the Existing Term Loan Credit Agreement and the New Term Loan Credit Agreement will initially Guarantee the Notes and the Issuer’s direct parent, Cumulus Intermediate Inc., also will initially guarantee the Notes.

• The Notes Collateral Agent and the New Term Loan Credit Agreement Collateral Agent shall become party to the ABL/Term Loan Intercreditor Agreement by executing either a joinder agreement or an amendment to the ABL/Term Loan Intercreditor Agreement, and thereby the Notes and the New Term Loan Obligations shall be “Future Term Facility Obligations” under the ABL/Term Loan Intercreditor Agreement.

• However, if Bank of America, N.A., as administrative agent under the New Term Loan Credit Agreement, extends the corresponding deadline under the New Term Loan Credit Agreement, the Trustee shall be deemed to approve such deadline extension under the Indenture.

More Definitions of New Term Loan Credit Agreement

New Term Loan Credit Agreement has the meaning set forth in the Form of Plan.

New Term Loan Credit Agreement means that amended and restated term loan agreement to be executed by the Debtors and the New Term Loan Administrative Agent and those lenders as parties thereto on or before the Effective Date, including any agreements, amendments, supplements, or documents related thereto, on commercially reasonable terms for similar transactions acceptable to: (a) the Debtors; and (b) the Required Plan Modification Agents and substantially consistent with the term sheet attached to the Disclosure Statement as Exhibit F.

New Term Loan Credit Agreement means the new term loan credit agreement (which may, if agreed by the Debtors and the Required Consenting Term Lenders, take the form of an amendment and restatement of the Term Loan Credit Agreement) to be consummated on the Plan Effective Date, consistent with the New Term Loan Credit Agreement Term Sheet attached as Exhibit 2 to the Plan Term Sheet, which shall be in form and substance satisfactory to the Debtors and the Required Consenting Term Lenders and reasonably satisfactory to the Required Consenting Noteholders and included, in substantially final form, in the Plan Supplement, as such agreement may be amended, modified or supplemented from time to time only in accordance with the terms thereof.

New Term Loan Credit Agreement means the credit agreement governing the New Term Loan the form of which shall be included in the Plan Supplement.

New Term Loan Credit Agreement means the Credit Agreement dated the ------------------------------ date hereof, as amended from time to time, among WKI Holding Company, Inc., JPMorgan Chase Bank, as Administrative Agent and the lenders party thereto and all documents related thereto.

New Term Loan Credit Agreement means the amended and restated credit agreement to be entered into as of the Effective Date between Reorganized DecisionOne and the Banks, substantially in the form contained in the Plan Supplement, pursuant to which Reorganized DecisionOne shall issue term notes to the Banks on substantially the terms summarized in the Disclosure Statement.

New Term Loan Credit Agreement means the credit agreement governing the New Term Loan Credit Facility.