Restructuring Financing definition

Restructuring Financing any financing obtained by Holding or any of its Subsidiaries as part of a restructuring involving the Lenders.
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Restructuring Financing means the replacement and refinancing of the Revolving Credit Agreement and Term Loan Credit Agreement with a new revolving credit facility in an amount of $175 million and a new term loan in an amount of $425 million, on terms and conditions reasonably approved by the Requisite Percentage of Backstop Parties, in each case, to be available to Vertis Holdings following the Restructuring, whether accomplished through an In-Court Process or an Out-of-Court Process.
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Examples of Restructuring Financing in a sentence

  • Concurrently with the execution of the Merger Agreement, Loral Corporation, certain wholly-owned subsidiaries of Loral Corporation and Lockheed ▇▇▇▇▇▇, entered into the Restructuring, Financing and Distribution Agreement (the "Distribution Agreement"), which provides, among other things, for (i) the transfer of Loral Corporation's space and communications businesses, including its direct and indirect interests in Globalstar, Space Systems/Loral, Inc.

  • EXHIBIT A-1 ----------- GLOBALSTAR WARRANT - SUMMARY TERM SHEET - PRINCIPAL TERMS --------------------------------------------------------- Reference is hereby made to (x) the Restructuring, Financing and Distribution Agreement dated as of January 8, 1996 (the "Restructuring Agreement") among Lockheed ▇▇▇▇▇▇ Corporation, Loral Corporation, Spinco and the other parties thereto, and (y) the Globalstar Warrant Memorandum (as defined in the Restructuring Agreement).

  • However, under the Restructuring Financing Agreements, TORM A/S has historically been subject to restrictions on the distribution of dividends.

  • Concurrently with the execution of the Merger Agreement, Loral Corporation, certain wholly-owned subsidiaries of Loral Corporation and Lockheed ▇▇▇▇▇▇, entered into the Restructuring, Financing and Distribution Agreement (the "Distribution Agreement"), which provides, among other things, for (i) the transfer of Loral Corporation's space and communications businesses including its direct and indirect interests in Globalstar, Space Systems/Loral, Inc.

  • In order to coordinate effectively the Company’s and Centerview’s activities to effect a Restructuring, Financing and/or Sale, the Company will promptly inform Centerview of any discussions, negotiations or inquiries regarding a possible Restructuring, Financing and/or Sale (including any such discussions, negotiations or inquiries that have occurred in the six month period prior to the date of this Agreement).

  • In rendering its services to the Company hereunder, Centerview is not assuming any responsibility for the Company's underlying business decision to pursue any business strategy or to effect any Restructuring, Financing, and/or Sale.

  • In January 2016, TORM A/S obtained the consent of the applicable lenders under the Restructuring Financing Agreements to the Facility Amendments permitting, amongst other things, the payment of dividends, subject to satisfaction of certain conditions, including notice to the facility agent under the Restructuring Financing Agreements and repayment of a pre-agreed amount under the Term Facility.