Priority Term Loan Facility definition

Priority Term Loan Facility means the credit facility provided for under the Priority Term Loan Credit Agreement.
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Examples of Priority Term Loan Facility in a sentence

  • We thus obtain a mapping of the number of trials needed by the RL module to find a solution as a function of the obstacle location.

  • The Priority Term Loan Facility was designed to provide the Company with “bridge financing” until the implementation of either a chapter 11 filing or out-of-court debt exchange.

  • Importantly, entry into the Priority Term Loan Facility allowed the Debtors to continue to pursue a comprehensive, consensual restructuring transaction with a majority of its secured lenders, ultimately enabling the Debtors to extend their filing runway with enough time to execute the RSA and obtain approval for comprehensive deleveraging transaction.

  • The form of the Exit Priority Term Loan Credit Agreement, which shall be filed with the Plan Supplement, shall be consistent with the RSA and the Exit Priority Term Loan Facility Term Sheet, and shall be in form and substance acceptable to the Debtors and the Exit Priority Term Loan Backstop Parties.

  • The Reorganized Debtors shall execute and deliver those documents necessary or appropriate to obtain the Exit Priority Term Loan Facility, including the Exit Priority Term Loan Credit Documents.

  • I was only in charge of their well-being and seeing to it that they were okay.

  • Confirmation shall be deemed approval of the Exit Priority Term Loan Facility (including transactions contemplated thereby, and all actions to be taken, undertakings to be made, and obligations to be incurred and fees paid by the Debtors or Reorganized Debtors in connection therewith).

  • Except as otherwise provided in the Plan or the Confirmation Order, all Cash necessary for the Debtors or Reorganized Debtors to make payments required pursuant to the Plan will be paid from the proceeds of the Exit Priority Term Loan Facility or the Cash balances of the Debtors or the Reorganized Debtors.

  • Any modification, amendment, supplement, waiver, or change with respect to the following provisions of this Agreement requires the prior written consent of each Exit Priority Term Loan Facility Backstop Party: (A) the definition of “Required Exit Priority Term Loan Facility Backstop Parties” herein and (B) this Section 26.

  • Entry into the Prepetition Priority Term Loan Facility agreement extended the Debtors’ filing runway with enough time to execute the RSA with a substantial majority of the Debtors’ key stakeholders.

Related to Priority Term Loan Facility

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

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

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

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

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

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

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

  • 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.

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

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

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • 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

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

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

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

  • ABL/Term Loan Intercreditor Agreement means the Intercreditor Agreement, dated as of the Closing Date, by and among the Collateral Agent, Xxxxxx Xxxxxxx Senior Funding, Inc., as collateral agent under the Second Lien Term Loan Credit Agreement, Bank of America, N.A., as collateral agent under the ABL Credit Agreement, Parent and the Subsidiary Loan Parties party thereto, as amended, restated, supplemented or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement.

  • 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 Collateral means all of the assets of any Grantor, whether real, personal or mixed, upon which a Lien is granted or purported to be granted to any Term Loan Agent under any of the Term Loan Collateral Documents.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Senior Priority Obligations as defined in the Base Intercreditor Agreement.

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Refinancing Term Loans means one or more Classes of Term Loans hereunder that result from a Refinancing Amendment.

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrowers, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent.