Definition of Praesidian Facility

Praesidian Facility means that certain Fifth Amended and Restated Securities Purchase Agreement and Security Agreement, dated as of the Closing Date, by and among Borrower, Parent, certain Subsidiaries of Borrower party thereto, Subordinated Praesidian Agent, Praesidian Capital Opportunity Fund III-A, LP, and United Insurance Company of America.

Examples of Praesidian Facility in a sentence

No AHYDO Payments (as defined in the Praesidian Subordination Agreement) are or will be owed in connection with the Praesidian Facility.