New Third Lien Term Loan definition

New Third Lien Term Loan means the six-year term loan facility in the aggregate principal amount equal to $142.3 million; provided, however, the principal amount of the New Third Lien Term Loan may be decreased (with a corresponding increase in the amount of the Term Loan Facility on a dollar-for-dollar basis) in accordance with numbered paragraph 19 of the Commitment Letter and Exhibit J to the Commitment Letter subject to the consent of the Term Loan Facility Commitment Parties. A summary description of the New Third Lien Term Loan is set forth at Exhibit H attached hereto.
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Examples of New Third Lien Term Loan in a sentence

  • This Plan further contemplates that holders of Prepetition Lender Claims will receive a distribution consisting of the New Third Lien Term Loan and $85,800,000 in aggregate principal amount of the New Convertible Secured Notes.

  • The New Hostess Common Stock may be delivered to, and the New Third Lien Tranche B Term Loans may be made or deemed to have been made by (and the related promissory notes or other instruments, if any, required under the terms governing the New Third Lien Term Loan Facility may be delivered to) a trust or other appropriate entity established for the benefit of the Unions to the extent necessary or appropriate to comply with applicable non-bankruptcy laws.

  • The New Third Lien Tranche C Term Loans may be made or deemed to have been made by (and the related promissory notes or other instruments, if any, required under the terms governing the New Third Lien Term Loan Facility may be delivered to) a trust or other appropriate entity established for the benefit of the holders of Compromise Administrative Claims to the extent necessary or appropriate to comply with applicable non-bankruptcy laws.

  • On the Effective Date and in accordance with the terms of the Plan and the New Third Lien Term Loan Facility, the Reorganized Debtors shall be deemed to have incurred New Third Lien Tranche A Term Loans in favor of the holders of Allowed Third Lien Term Loan Claims and shall deliver to such holders all related promissory notes or other instruments, if any, required under the terms governing the New Third Lien Term Loan Facility.

  • This Plan further contemplates that holders of Prepetition Lender Claims will receive a distribution consisting of the New Third Lien Term Loan, $85,800,000 in aggregate principal amount of the New Convertible Secured Notes and Series E Warrants representing 1.5% of the fully-diluted equity interests of Reorganized IBC (calculated as of the Effective Date).

  • Notwithstanding anything to the contrary contained in the Plan, nothing in the Plan shall be deemed to release any of the Debtors, Equity Investors, the Term Loan Facility Commitment Parties or any of their Affiliates from their obligations under the Plan, the New Credit Facilities, the Investment Agreement, the Commitment Letter, the New Third Lien Term Loan Credit Facility, the Trust Stock Appreciation Rights or the New Convertible Secured Note Indenture and the transactions contemplated thereby.

  • A-64 (b) The Debtors shall have entered into the New Credit Facilities, the New Convertible Secured Note Indenture and the New Third Lien Term Loan Credit Facility and all conditions precedent to the consummation thereof shall have been waived (subject to any applicable consent requirements) or satisfied in accordance with the terms thereof.

  • The financial accommodations being extended pursuant to the New Credit Facilities, the New Convertible Secured Note Indenture and the New Third Lien Term Loan Credit Facility are being extended in good faith and for legitimate business purposes.

Related to New Third Lien Term Loan

  • Refinancing Term Loans shall have the meaning assigned to such term in Section 2.21(j).

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Tranche B Term Loan as defined in Section 2.1.

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • 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).