Term Facility Credit Agreement means Senior Secured Term Facility Credit Agreement, dated as of August 27, 2010, among the Company, the Loan Parties, the lenders party thereto and Bank of America, as administrative agent, to govern the Term Facility, as such agreement may thereafter be amended, supplemented, amended and restated, modified, replaced or refinanced from time to time (subject to any restrictions on such amendments, supplements, amendments and restatements, modifications, replacements or refinancings set forth herein and in the Intercreditor Agreement, and provided that any such amendment, supplement, amendment and restatement, modification, replacement or refinancing that constitutes Debt issued in exchange for, or the net cash proceeds of which are used to extend, refinance, renew, replace, defease or refund, the Term Facility complies with the definition of "Permitted Refinancing Debt", provided that for purposes of clause (1) of such definition, the amount of the Debt being extended, refinanced, renewed, replaced, defeased or refunded shall be deemed to be $420,000,000).
Examples of Term Facility Credit Agreement in a sentence
Notwithstanding anything to the contrary contained in the Credit Agreement, the Required Lenders hereby (a) consent to the Transactions and (b) waive (i) any provisions of Section 6.01(g), 6.10 or 6.11 of the Credit Agreement to the contrary and (ii) any Default or Event of Default arising from the issuance of the Indebtedness under the Senior Secured Term Facility Credit Agreement, and the use of the proceeds therefrom, in each case as contemplated by this First Amendment.
The Lenders acknowledge that the Administrative Agent may also act as the administrative agent for the lenders under the Term Facility Credit Agreement.
If either the Revolving Facility Administrative Agent or the Term Facility Administrative Agent resigns or is replaced pursuant to the Revolving Facility Credit Agreement or the Term Facility Credit Agreement, as applicable, its successor will be a party to this Agreement with all the rights, and subject to all the obligations of this Agreement.
The Term Facility Credit Agreement places, and it is expected that the Exit Facility will place, restrictions on the Reorganized Debtors' ability to make capital expenditures and engage in acquisitions.
In the event of any conflict or inconsistency between the provisions of this Agreement and the provisions of any Secured Documents, the Other Secured Agreements, in each case whether as defined in the Term Facility Credit Agreement or the Revolving Facility Credit Agreement, the provisions of this Agreement shall control.