Pre-Petition Term Loan Facility definition

Pre-Petition Term Loan Facility means Indebtedness under the Pre-Petition Term Loan Agreement.
Sample 1
Pre-Petition Term Loan Facility means the loan facility established pursuant to Amended and Restated Term Loan Agreement dated as of July 25, 2007 (as amended, restated, supplemented, or otherwise modified), among the Administrative Borrower, as borrower, certain of its subsidiaries signatory thereto as guarantors, Bank of Montreal, as administrative agent, and the lenders from time to time party thereto.
Sample 1
Pre-Petition Term Loan Facility means the term credit facility provided to the Borrower by the Pre-Petition Term Loan Lenders established pursuant to the Pre-Petition Term Loan Agreement and the Intercreditor Agreement.
Sample 1

Examples of Pre-Petition Term Loan Facility in a sentence

  • As of the Petition Date, the Debtors estimate that approximately $178,631,565.60 in principal and accrued and unpaid interest is outstanding under the Pre-Petition Term Loan Facility, which matures on the earlier of (a) the Maturity Date, or (b) the date of the acceleration of the Pre-Petition Term Loans pursuant to the terms of the Pre-Petition Credit Agreement.

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  • Notwithstanding the foregoing, Liens permitted under this SECTION 6.02, other than the Liens securing the Pre-Petition Term Loan Facility on Term Priority Collateral (solely to the extent set forth in the Order) shall at all times be junior and subordinate to the Liens under the Loan Documents and the Order securing the Obligations.

  • As of the Petition Date, the Debtors’ capital structure consists of outstanding secured funded-debt obligations in the aggregate principal amount of approximately $240 million including under the Pre-Petition Secured Loan Facility, associated Pre-Petition Revolving Credit Facility and Pre-Petition Term Loan Facility, and the Pre-Petition Subordinated Note (as each is defined below).

  • LIBOR (subject to a floor of 1.0%) plus 5.5%, or an alternate base rate plus 4.5%.6 The Pre-Petition Revolving 6 In order to reduce the financial risk related to changes in interest rates associated with the floating rate term loan under the Pre-Petition Term Loan Facility, the Debtors entered into interest rate swap agreements with termsFacility has an outstanding balance of $181,400,000 and $1,000,000 of standby letters of credit issued as of the date hereof.

  • In addition, at anytime after the occurrence of an event of default under the Pre-Petition Loan Agreement, the Pre- Petition Revolving Lenders and the lenders under the Pre-Petition Term Loan Facility (the “Pre-Petition Term Lenders”) may exercise certain rights and remedies, including by, among other things, declaring any amounts outstanding under the Pre-Petition Secured Facilities immediately due and payable and terminating any commitment to make further loans under the Pre-Petition Secured Facilities.

  • The Pre-Petition Term Loan Facility provided the Pre-Petition Borrower with Term Commitments (as defined in the Pre-Petition Loan Agreement) of up to $1,100,000,000.

  • As of the Petition Date, the aggregate principal amount (including accrued and unpaid interest) outstanding under the Pre-Petition Term Loan Facility was approximately $143,252,713.27 (together with all other outstandingObligations, as defined in the Pre-Petition Term Loan Credit Agreement, including interest, fees and expenses, the “Pre-Petition Term Loan Indebtedness”; and the Pre-Petition Term LoanIndebtedness together with the Pre-Petition ABL Indebtedness, the “Pre-Petition Indebtedness”).

  • The Pre-Petition Revolving Credit Facility and the Pre-Petition Term Loan Facility are governed by certain provisions, as more fully described in the Pre-Petition Credit Agreement (the “ Interlender Provisions”), that address the relative rights and priorities of thePre-Petition Revolving Lenders and Pre-Petition Term Lenders in circumstances in which the Debtors are subject to any proceeding with respect to, among other things, the Bankruptcy Code.

Related to Pre-Petition Term Loan Facility

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

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Pre-Petition Credit Agreement has the meaning assigned to such term in the Recitals.

  • Existing Term Loan Facility has the meaning specified in Section 2.17(a).

  • Term Loan Claims means any Claim on account of, arising under, derived from, or based upon the Term Loan Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto.

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

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

  • First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • 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.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • 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.

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

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

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

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 or 9.02(c)(i).

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Maximum Term Loan Amount means Two Hundred Million and No/100 Dollars ($200,000,000).

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Closing Date 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 Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

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

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.