Examples of Priority Credit Agreement in a sentence
Thus, on January 16, 2020, the Agent, the Lender, and Cosi entered into a Bridge Priority Credit Agreement (the “Bridge Credit Agreement”), pursuant to which the Lender agreed to advance up to $1,200,000 of additional funds to Cosi in order to provide for immediate working capital needs by earmarking borrowings under such Bridge Credit Agreement for the payment of taxing authorities and other critical vendors or other creditor entities.
The Indenture, First Priority Credit Agreement, First Priority Intercreditor Agreement and the Original Intercreditor Agreement (as amended by the First Intercreditor Amendment Agreement and Second Intercreditor Amendment Agreement) are referred to herein collectively as the “Specified Agreements”.
A similar opinion was obtained by the Monitor from its Alberta agent under the laws of the Province of Alberta (the “ Alberta Opinion”) with respect to the validity and perfection of personal property security granted by the Applicant to secure the amounts owing under the Priority Credit Agreement, the National Bank Credit Agreement, and the Golub Credit Agreement.
Gulfport will be permitted to enter into an Initial Third Lien Debt Facility to the extent such Initial Third Lien Debt Facility is permitted by the Priority Credit Agreement, the other Priority Lien Documents, the Second Lien Indenture and the other Second Lien Documents.
The Monitor understands that each of the DIP Agent, Golub and National Bank will distribute the distributions made by the Monitor pursuant to the requested Order in accordance with the terms of the DIP Credit Agreement, the Priority Credit Agreement, the National Bank Credit Agreement and related security and intercreditor agreements.