Priority Term Loan Facility definition

Priority Term Loan Facility means the credit facility provided for under the Priority Term Loan Credit Agreement.
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Examples of Priority Term Loan Facility in a sentence

  • Confirmation shall be deemed approval of the Exit Priority Term Loan Facility (including transactions contemplated thereby, and all actions to be taken, undertakings to be made, and obligations to be incurred and fees paid by the Debtors or Reorganized Debtors in connection therewith).

  • The Reorganized Debtors shall execute and deliver those documents necessary or appropriate to obtain the Exit Priority Term Loan Facility, including the Exit Priority Term Loan Credit Documents.

  • The form of the Exit Priority Term Loan Credit Agreement, which shall be filed with the Plan Supplement, shall be consistent with the RSA and the Exit Priority Term Loan Facility Term Sheet, and shall be in form and substance acceptable to the Debtors and the Exit Priority Term Loan Backstop Parties.

  • Importantly, entry into the Priority Term Loan Facility allowed the Debtors to continue to pursue a comprehensive, consensual restructuring transaction with a majority of its secured lenders, ultimately enabling the Debtors to extend their filing runway with enough time to execute the RSA and obtain approval for comprehensive deleveraging transaction.

  • Except as otherwise provided in the Plan or the Confirmation Order, all Cash necessary for the Debtors or Reorganized Debtors to make payments required pursuant to the Plan will be paid from the proceeds of the Exit Priority Term Loan Facility or the Cash balances of the Debtors or the Reorganized Debtors.

  • The DIP Facilities’ terms provide for approximately $130 million in aggregate financing, which consists of the $80 million DIP ABL Facility (which will satisfy all outstanding obligations under the Receivables Facility),11 the $50 million Term Loan DIP Facility (which will satisfy all outstanding obligations under the Priority Term Loan Facility), and the consensual use of cash collateral.

  • One of the most influential studies of information quality in the AEC industry was conducted by Tilley and McFallan (2000a, 2000b).

  • The Priority Term Loan Facility was designed to provide the Company with “bridge financing” until the implementation of either a chapter 11 filing or out-of-court debt exchange.

  • Entry into the Prepetition Priority Term Loan Facility agreement extended the Debtors’ filing runway with enough time to execute the RSA with a substantial majority of the Debtors’ key stakeholders.

  • Any modification, amendment, supplement, waiver, or change with respect to the following provisions of this Agreement requires the prior written consent of each Exit Priority Term Loan Facility Backstop Party: (A) the definition of “Required Exit Priority Term Loan Facility Backstop Parties” herein and (B) this Section 26.

Related to Priority Term Loan Facility

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • First Lien Term Loans means the “Term Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Existing Term Loan Facility means that certain Term Loan Credit Agreement, dated as of September 7, 2018, by and among the ProFrac Services LLC, as the borrower thereunder, Holdings, the guarantors party thereto, the lenders party thereto and Barclays Bank PLC, as the administrative agent and collateral agent (as amended, amended and restated, supplemented and otherwise modified from time to time, and together with the guarantee and security documentation executed in connection therewith).

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • ABL/Term Loan Intercreditor Agreement as defined in the recitals hereto.

  • Term Loan Claims means any Claim on account of, arising under, derived from, or based upon the Term Loan Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto.

  • Term Loan Collateral means all assets, whether now owned or hereafter acquired by any Loan Party, in which a Lien is granted or purported to be granted to any Term Loan Secured Party as security for any Term Loan Obligation.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Senior Priority Obligations means the Original First Lien Obligations and any Additional Obligations constituting Senior Priority Debt.

  • Tranche A Term Loan Lender means a Lender with a Tranche A Term Loan Commitment or an outstanding Tranche A Term Loan.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.7.

  • Refinancing Term Loans shall have the meaning assigned to such term in Section 2.21(j).

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.