Refinance Requirements definition
Refinance Requirements means that such financing or refinancing (i) would provide the Company or its Subsidiary with a more favorable interest rate, amortization or other terms and conditions which CW Member, acting in good faith, determines would be more favorable than the terms and condition of the Existing Loan which is the subject of such refinancing; or (ii) is required or determined by CW Member, acting in good faith, to avoid a default under the Existing Loan which is the subject of such refinancing; provided, however, in each instance, in no event shall such financing or refinancing satisfy the Refinance Requirements if it would (x) require Ensemble Member or its constituent owners, members or directors to provide a personal guaranty and/or (y) trigger liability under any of the ▇▇▇▇▇▇ ▇▇▇▇▇ Guarantees or the CIGNA Guarantee.