New Term Loan Obligations definition

New Term Loan Obligations means the Indebtedness and other obligations under the New Term Loan Credit Agreements which are secured by a Lien on the Collateral permitted by clause (1) of the definition of Permitted Liens and any post-petition interest, fees and expenses at the applicable rate, whether or not allowed or allowable in an insolvency or bankruptcy proceeding (including claims disallowed as a result of the New Term Loan Obligations and the Secured Obligations being treated as part of the same class in any such insolvency or liquidation proceeding).
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New Term Loan Obligations means all obligations and other liabilities owing at any time by the respective Reorganized Debtors to the “Secured Parties” as defined in the New Term Loan Agreement.
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New Term Loan Obligations has the meaning set forth in Section 4.4(b).
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Examples of New Term Loan Obligations in a sentence

  • 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”).

  • 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.

  • The Obligations under the Notes, the Indenture, the Guarantees and any First Priority Lien Obligations (including the New Term Loan Obligations) will have a first-priority security interest with respect to the Term Loan Priority Collateral and will have a second-priority security interest with respect to the ABL Priority Collateral.

  • The payment of the principal of, premium, if any, and interest on the Notes and the payment of any Guarantee will rank pari passu in right of payment with all existing and future senior Indebtedness and all other obligations (other than Subordinated Indebtedness) of the Issuer or the relevant Guarantor, as the case may be, including the New Term Loan Obligations and the ABL Obligations.


More Definitions of New Term Loan Obligations

New Term Loan Obligations means all obligations (monetary or otherwise, whether absolute or contingent, matured or unmatured) of the New Term Loan Obligors arising under or in connection with a Loan Document, including OA Payment Obligations and Foreign Working Capital Obligations and the principal of and premium, if any, and interest (including interest accruing during the pendency of any proceeding of the type described in Section 8.1.9, whether or not allowed in such proceeding) on the New Term Loans; provided, that New Term Loan Obligations shall not include Excluded Swap Obligations.
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New Term Loan Obligations means those certain obligations of Reorganized Holdings under the New Term Loan Agreement.
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New Term Loan Obligations means obligations in the principal amount of not more than $142 million, or such higher amount agreed to in writing by the Senior Secured Credit Facility Agent and holders of more than fifty percent in number and two-thirds in amount of the Senior Secured Term Loan Claims in their sole and absolute discretion, with respect to the term loan portion of the New Senior Secured Credit Facility.
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New Term Loan Obligations means the “Obligations” as defined in the New Term Loan Credit Agreement.
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Related to New Term Loan Obligations

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Existing Term Loan Credit Agreement means the Term Loan Credit Agreement, dated as of August 30, 2012, among the Borrower, Credit Suisse, as administrative agent, and the various lenders and agents party thereto from time to time.

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

  • Tranche B Term Loan as defined in Section 2.1.