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.

Related to TRC Transaction

  • SPAC Transaction means a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publicly traded “special purpose acquisition company” or its subsidiary (collectively, a “SPAC”), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors, including a majority of the Preferred Directors.

  • M&A Transaction means any acquisition, directly or indirectly, by a Project Holdco, whether by purchase, merger or otherwise, of all or substantially all of the assets of, all or a portion of the Equity Interests of, or a business line or unit or a division of, any Person.

  • Strategic Transaction means a transaction or relationship in which the Company issues shares of Common Stock to an entity which is, itself or through its subsidiaries, an operating company in a business related to the business of the Company and in which the Company receives material benefits in addition to the investment of funds, but shall not include a transaction in which the Company is issuing securities primarily for the purpose of raising capital.

  • Pawn transaction means the same as that term is defined in Section 13-32a-102.

  • Void Transaction means any transaction wherein the transaction has taken place but has been cancelled /rejected /unsuccessful by the Alliance Partner.