TRC Transaction definition

TRC Transaction means the assignment by the A Borrowers to TRC (or an alternate indemnifier acceptable to the Lenders) of certain of the A Borrowers' environmental remediation liabilities (contingent or otherwise) with respect to the Facility located in Newfield, New Jersey, which transaction is approved by the Required Lenders in their sole discretion and is effected pursuant to documentation that is in form and substance satisfactory to the Lenders.
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Examples of TRC Transaction in a sentence

  • The proceeds of the Term Loan A (as hereinafter defined) shall be used for general working capital purposes of the A Borrowers, to provide credit support for certain existing letters of credit issued prior to the date hereof and for the issuance of new letters of credit, to make payments in connection with the TRC Transaction (as hereinafter defined) and to pay fees and expenses related to this Agreement.

  • The proceeds of the Loans shall be used to (a) refinance existing indebtedness of the Borrowers, (b) pay fees and expenses in connection with this Agreement, (c) provide credit support for Existing L/Cs and New L/Cs, (d) provide credit support for the NJDEP L/C and funding for the TRC Transaction, (e) in the case of the Term Loan B, fund a portion of the interest payable by MHI in respect of its 12.75% Senior Discount Notes due 2008 and (f) fund working capital of the Borrowers.