New First Lien Term Loan means the first lien term loan facility, the terms of which shall be set forth in the New First Lien Term Loan Agreement, which (a) shall be in the original principal amount of $100,000,000 or such other amount as agreed to by the Debtors and the Investor Parties as set forth in the Stock Purchase Agreement, (b) be funded by the New First Lien Lenders on the Effective Date, and (c) be otherwise on terms reasonably acceptable to the Debtors and the Investor Parties as set forth in the Stock Purchase Agreement.
New First Lien Term Loan shall have the meaning set forth in the Plan.
New First Lien Term Loan means that certain term loan facility, consisting of Tranche A, Tranche B and Tranche C, that PES Holdings will incur on the Effective Date, on terms consistent with the New First Lien Term Loan Term Sheet and reasonably acceptable to the Required Consenting Cash Flow Creditors as set forth in the Restructuring Support Agreement.
Examples of New First Lien Term Loan in a sentence
All liens on all of the collateral to secure the obligations under the Notes and the Indenture and the guarantees thereof shall have been perfected in a manner that is acceptable to the Requisite Purchasers and such liens shall be second-priority liens subject only to the priority of the liens that secure the New First Lien Term Loans and certain permitted liens under the New First Lien Term Loan Credit Facility that are acceptable to the Requisite Purchasers and the Debtors.
More Definitions of New First Lien Term Loan
New First Lien Term Loan means the first lien term loan facility provided under the New First Lien Term Loan Agreement, the terms of which shall be set forth in the New First Lien Term Loan Agreement, and which first lien term loan facility shall (a) mature on the date that is three (3) years after the Effective Date, (b) be in the original principal amount of $85,000,000 plus in-kind interest accrued under the DIP Loan, if any, and (c) be funded by the New First Lien Lenders on the Effective Date.
New First Lien Term Loan means that certain $60 million first lien term loan credit facility between the Reorganized Debtors and the Prepetition Term Lenders as set forth in the New First Lien Term Loan Documents.
New First Lien Term Loan means the loan evidenced by the New First Lien Term Loan Agreement.
New First Lien Term Loan means the $125 million first lien term loan credit facility, which will have the terms set forth in the New First Lien Term Loan Documents and shall be distributed to Holders of First Lien Term Loan Claims Pro Rata in partial satisfaction of and on account of their First Lien Term Loan Claim.
New First Lien Term Loan means the new term loan credit facility in the approximate amount of $483 million made available to Reorganized MACH Gen pursuant to the New First Lien Facilities Documents.
New First Lien Term Loan has the meaning set forth in the Recitals.
New First Lien Term Loan means a first lien credit facility in an aggregate principal amount of the New First Lien Term Loan Amount, which facility shall be funded by the proceeds of the New Money Investment. The principal terms of the New First Lien Term Loan shall be consistent with those set forth in the RSA, or otherwise in form and substance reasonably acceptable to the Requisite Backstop Parties.