Examples of Verso Holdings in a sentence
See “Description of Other Indebtedness—ABL Facility.” On January 3, 2014, in connection with the entry into the Merger Agreement, Verso Holdings entered into amendments to the ABL Facility allowing for the consummation of the Merger and the other transactions contemplated by the Merger Agreement.
Subject to the occurrence of the closing of the issuance of the new debt, Verso Holdings thereafter will, pursuant to the provisions of the Notes and the indenture under which the Notes were issued, including applicable notice provisions, redeem any Notes not tendered and accepted for payment in the tender offer, or if the tender offer is not consummated, any and all outstanding Notes.
The consummation of the tender offer is conditioned upon, among other things, the issuance of new debt, with terms (including economic terms) acceptable to Verso Holdings in its sole discretion, to permit the closing of the tender offer and related transactions, and the availability of proceeds from the issuance of the new debt necessary to pay the applicable total consideration and interest to the applicable payment date, for validly tendered notes (including applicable premiums, fees and expenses).
The provisions of Section 2.21 shall apply MUTATIS MUTANDIS to each such renewal of Bankers' Acceptances.
In addition, Verso Holdings has the right, in its sole discretion, to terminate the tender offer at any time, subject to applicable law.
Tendered Notes may be withdrawn at any time prior to the Early Tender Date but not thereafter, except to the extent that Verso Holdings is required by law to provide additional withdrawal rights.
After deducting income from government grants, retained business rates and the element of the GLA’s business rates income used to meet its £342.3 million tariff payment the council tax requirement for the Mayor is £95.0 million before the application of the net collection fund surpluses across the 33 London billing authorities of £10.4 million.
Verso Holdings has the right to waive any of the foregoing conditions with respect to the Notes.
Verso Finance, Verso Holdings and certain of its subsidiaries entered into the Verso DIP Facility (as defined below) for an aggregate principal amount of up to$100 million, and NewPage Corp and certain of its subsidiaries entered into the NewPage DIP ABL Facility (as defined below) for an aggregate principal amount of up to $325 million and the NewPage DIP Term Loan Facility (as defined below) for an aggregate principal amount of $350 million (See Note 7).
The 11.75% senior secured notes due 2019 issued pursuant to that certain Indenture, dated as of March 21, 2012, as amended from time to time, by and among, inter alia, Verso Holdings and Co-Issuer, as issuers, substantially all of the Verso Subsidiaries, as guarantors, and Wilmington Trust, N.A., as trustee.