Replacement Financing definition

Replacement Financing has the meaning assigned to such term in Section 6.3(a).

Replacement Financing has the meaning set forth in Section 9.5(b).

Replacement Financing means any Alternative Financing or other debt financing, including the offering of debt securities, undertaken by Parent or its Subsidiaries for the purpose of funding the Merger and the other Transactions, the net cash proceeds of which are or will be, together with cash and cash equivalents available to Parent, sufficient to pay the Required Amount and will be provided to (and used by) Parent to consummate the Transactions in accordance with the terms of this Agreement.

Examples of Replacement Financing in a sentence

• For purposes of this Section, diligent negotiation shall mean negotiation in good faith and without denial or unreasonable delay of any reasonable request by any such bank for information in connection with its consideration of providing a Replacement Financing Arrangement to Borrower.

• The Borrower shall be responsible for the payment of any customary commitment fee and other fees in connection with obtaining a Replacement Financing Arrangement.

• For the avoidance of doubt, nothing herein is intended to prevent Borrower from obtaining a Replacement Financing Arrangement on terms equal to or better than those provided hereunder.

• For purposes of this Section, the Borrower shall be deemed to have complied with the requirement to use its "best efforts" by requesting from and, if applicable, diligently negotiating a Replacement Financing Arrangement as required by clause (b) with each of three (3) commercial banks that are nationally recognized in the United States and each have total assets in excess of $20,000,000,000.

• Following receipt of the Extension Certificate, the Agent and/or the Lenders shall have the right (without any obligation to do so) to obtain for the Borrower a Replacement Financing Arrangement on terms equal to or better than those provided hereunder.

More Definitions of Replacement Financing

Replacement Financing has the meaning assigned to such term in Section 2.20(a).

Replacement Financing shall have the meaning ascribed to it in Section 5.1(e).

Replacement Financing means a refinancing (satisfying all of the requirements of Section 5.02(b)(x)) by the Loan Parties of all (but not less than all) of the principal amount outstanding under the First Lien Loan Documents and the termination of all of the First Lien Loan Documents upon the consummation of such refinancing, in connection with which the Loan Parties may incur additional Debt in excess of the amount necessary to refinance the entire amount of the First Lien Loan Documents up to the aggregate amount specified in Section 5.02(b)(x).

Replacement Financing has the meaning set forth in Section 5.16 of the Agreement.

Replacement Financing means one or more financings in favour of the Borrower whether by way of new debt or equity in an aggregate amount at least equal to $7,000,000 but not including the Required Funding.

Replacement Financing has the meaning set forth in Section 6.18(d).

Replacement Financing means one or more new debt or equity financings (other than under the SVB Loan Facility) incurred prior to the date on which the Penalty Loan Conditions have been met, pursuant to which Borrower received proceeds or commitments in an amount equal to or greater than the lesser of (x) the aggregate Advances then outstanding hereunder and (y) $2,000,000.