New Term Loans definition

New Term Loans as defined in Section 2.24.

New Term Loans shall have the meaning provided in Section 2.14(c).

New Term Loans has the meaning set forth in Section 2.9.

Examples of New Term Loans in a sentence

• Any New Term Loans made on an Increased Amount Date shall be designated a separate series (a “Series”) of New Term Loans for all purposes of this Agreement.

• Proceeds of the New Term Loans shall be used to (i) fund distributions, costs, and expenses contemplated by the Plan, and (ii) fund general working capital and general corporate needs of the Reorganized Debtors, in each case subject to the terms of the New Term Documents.

• Only Term Lenders and IPCo Noteholders that are “accredited investors” (as defined in Rule 501(a) of Regulation D under the Securities Act) will be eligible to participate in the New Term Loans and thus receive the 4(a)(2) Securities.

• The remainder of this summary assumes (unless otherwise indicated) that the Joinder Right is treated for U.S. federal income tax purposes as an option to acquire an “investment unit” comprised of a portion of the New Term Loans, New Equity Allocation and New Warrants.

• Following the Effective Date, the Reorganized Debtors will have to satisfy the obligations related to the Exit ABL Facility and New Term Loans.

More Definitions of New Term Loans

New Term Loans means any advance made by a Lender under a New Term Loan Facility.

New Term Loans shall have the meaning assigned to such term in Section 2.24(c).

New Term Loans is defined in Section 2.1(d).

New Term Loans means the term loans made to the Borrower Agent under the New Term Loan Credit Agreement.

New Term Loans is defined in Section 2.1.3.

New Term Loans means new senior secured first lien term loans extended to some of the Reorganized Debtors under the New Term Documents in an initial aggregate amount of $400 million, including any principal amount of DIP Obligations converted into such loans on a dollar-for-dollar basis.

New Term Loans means the loans to be borrowed by the Borrower from the New Term Loans Lenders which, when aggregated with the loans to be similarly borrowed by Norwegian Jewel Limited, will amount to the lesser of (x) the sum of (i) 10% of the initial construction prices of the New Vessels and (ii) 100% of the New Hermes Fees (y) the sum of (i) EUR123,000,000 and (ii) EUR3,075,000 and (z) USD224,770,000 (or such higher Dollar cap as may be later agreed between the facility agent for the New Term Loans, Hermes and the Guarantor), to finance in part the acquisition of the New Vessels by two (2) wholly owned subsidiaries of the Guarantor and related fees;