PSP Loans definition
PSP Loans has the meaning ascribed in section 34(a).
PSP Loans means the Company’s three Payroll Support Program Agreements entered into by Spirit Airlines, Inc., the PSP Loan Lender, and the other parties from time to time thereto.
Examples of PSP Loans in a sentence
Frontier hereby acknowledges and agrees that any unsecured loan facility (which, for the avoidance of doubt, shall not include (x) the PSP Loans (as evidenced by the PSP Notes) and (y) any similar additional loan or note issued in connection with the provision by Treasury of payroll support payments to Frontier) or equity investment obtained by Frontier shall be subordinated to repayment to Barclays of the Facility.
The PSP Loan Lender has agreed to modify the interest rate of the PSP Loans on terms agreeable to the Debtors, in consultation with the Required Consenting Stakeholders.