Refinancing Commitment definition

Refinancing Commitment means any commitment from or other agreement with any Person providing for the financing of the Property, some or all of the proceeds of which are intended to be used for the repayment of all or a portion of the Loan.

Examples of Refinancing Commitment in a sentence

On any Refinancing Facility Closing Date on which any Refinancing Commitments of any Class are effected, subject to the satisfaction of the terms and conditions in this Section 2.24, each Refinancing Lender of such Class shall make a Loan to the Borrower (a “Refinancing Loan”) in an amount equal to its Refinancing Commitment of such Class.

Subject to the terms and conditions set forth herein, each 2018 Refinancing Term Lender severally agrees to make Loans in dollars to the Borrower on the Amendment No. 1 Effective Date in an aggregate principal amount equal to such 2018 Refinancing Term Lender’s 2018 Refinancing Commitment.

However, the Offer is subject to other conditions described in the Offer to Purchase, including amending the Company’s existing credit facility or refinancing it pursuant to the terms and conditions contained in the Refinancing Commitment Letter (as defined in the Offer to Purchase) and obtaining the necessary financing for the Offer pursuant to the terms and conditions contained in the Term Facility Commitment Letter (as defined in the Offer to Purchase).

As noted above, we have entered into the 2015 Refinancing Commitment Letter to refinance the 2015 Convertible Notes at or immediately prior to their maturity with a new facility which will mature in 2019.

While we believe that we will be able to complete the transaction, if the transaction contemplated by the 2015 Refinancing Commitment Letter is not completed and we are unable to secure additional financing, we will be unable to meet our repayment obligations when the 2015 Convertible Notes mature.


More Definitions of Refinancing Commitment

Refinancing Commitment means the commitment of each Lender, pursuant to Section 2.20 to make a Refinancing Term Loan to the Borrower.
Refinancing Commitment means a Refinancing Term Loan Commitment.
Refinancing Commitment means any commitment by a Lender to provide all or any portion of any Refinancing Facility.
Refinancing Commitment means any commitment from or other agreement with any person or entity providing for the financ- ing of the Property.
Refinancing Commitment means the commitment of each Lender, pursuant to Section 2.21 to make a Refinancing Term Loan to the Borrower (including the 2018 Refinancing Commitments).