Examples of Secured Term Loan Documents in a sentence
The execution, delivery and performance of the Loan Documents will not violate, or result in a default under, or require any consent or approval under, the Senior Notes, the Senior Note Documents, the Secured Term Loan Documents or the Revolving Credit Loan Documents.
The Agent shall have received endorsements naming the Agent (together with the agent (as defined in the Senior Secured Term Loan Documents), as applicable) as an additional insured or loss payee, as applicable, subject to the terms of the ABL Intercreditor Agreement.
The commitments and obligations (if any) of the Secured Term Loan Lenders and/or the DIP Lenders to extend any further or future credit or financial accommodations to any of the Debtors, any of their respective subsidiaries, or any of their respective successors or assigns under the DIP Documents or the Secured Term Loan Documents, as applicable, shall fully terminate and be of no further force or effect on the Effective Date.
Except as provided in this Plan, on the Effective Date, the DIP Agents, the Secured Term Loan Agent, and their respective agents, successors, and assigns shall be automatically and fully discharged of all of their duties and obligations associated with the DIP Documents and the Secured Term Loan Documents, as applicable.
Borrowers shall use the proceeds of Revolving Loans solely for (a) transaction fees incurred in connection with the Financing Documents and the refinancing on the Closing Date of Debt (including the refinancing Borrower’s existing revolving credit facility under the BOTW Cash Secured Term Loan Documents), (b) for working capital and other general corporate needs of Borrowers and their Subsidiaries (including, without limitation, Permitted Investments).
Section 1123(a)(5) of the Bankruptcy Code requires that a plan provide “adequate means for the plan’s implementation.” Article V of the Plan provides adequate and propermeans for the implementation of the Plan, including, without limitation, the consummation of the New Secured Term Loan Documents and the Exit Facility Note Documents.
There will be no event of default or event or condition which would become an event of default with notice or lapse of time or both, under the Second Secured Term Loan Documents and each of the Second Secured Term Loan Documents is in full force and effect.