Superpriority Term Loan definition
Examples of Superpriority Term Loan in a sentence
Superpriority Term Loan Claims First Lien Term Loan Claims First Lien U.S. Notes Claims First Lien Euro Notes Claims 2023 Stub First Lien Term Loan Claims Second Lien Notes Claims 2024 Stub Unsecured Notes Claims DNI Interests 1 Capitalized terms used but not otherwise defined herein shall having the meaning ascribed to such terms in the Agreement.
Section 15.11 of the Credit Agreement is hereby amended by adding immediately prior to the reference to “or the Secured Notes” the phrase “or the Superpriority Term Loan Facility,”.
Each Allowed Superpriority Term Loan Claim shall be provided such treatment to render it Unimpaired.
Superpriority Term Loan Claims shall be paid in full on or before the Effective Date and, if prior to the Effective Date, pursuant to an order of the U.S. Bankruptcy Court.
Administrative Agent and Collateral Agent: JPMorgan will act as sole and exclusive administrative agent and collateral agent (in such capacities, the “Administrative Agent”) in respect of the Superpriority Term Loan Facility for the Superpriority Lenders (as defined below), and will perform the duties customarily associated with such role.
Bookrunner and Lead Arranger: JPMorgan will act as sole lead arranger and bookrunner (in such capacity, the “Lead Arranger”) for the Superpriority Term Loan Facility and will perform the duties customarily associated with such role.
Consistent with Section 16.22 of the Restructuring Support Agreement, the Debtors and the Consenting Creditors shall cooperate in good faith to ensure repayment of the Superpriority Term Loan and ABL Facility is structured in a tax-efficient manner.