Replacement Financing definition

Replacement Financing has the meaning set forth in Section 5.9(b).

Replacement Financing means any Alternative Financing or other debt financing, including the offering of debt securities, undertaken by Parent or its Subsidiaries for the purpose of funding the Merger and the other Transactions, the net cash proceeds of which are or will be, together with cash and cash equivalents available to Parent, sufficient to pay the Required Amount and will be provided to (and used by) Parent to consummate the Transactions in accordance with the terms of this Agreement.

Replacement Financing has the meaning assigned to such term in Section 2.20(a).

Examples of Replacement Financing in a sentence

• For the purposes of this deed the references to “Debt Financing” mean the financing contemplated by the Commitment Letter, any Replacement Financing Letters and any refinancing contemplated in connection with the Transaction as permitted by this clause 5.9 to be amended, modified or replaced.

• For the avoidance of doubt, the termination of the Debt Commitment Letter in connection with the execution of the Debt Documents or the issuing of Replacement Financing Letters or Debt Documents for the purposes of superseding a previous Debt Commitment Letter (in whole or in part) after the date of this deed will not constitute a termination of the relevant document for the purpose of this clause provided that any Replacement Financing Letter complies with the terms of clause 7.13.

• The Fund Obtains Replacement Financing The Plaintiff also asserts that BTZ took on inferior replacement financing to raise cash to redeem the Preferred Shares.

• For purposes of this deed, Debt Commitment Letter will include any Replacement Financing Letter(s) and accompanying term sheet in connection with any Alternative Financing.

• Whether this was an advisable business decision is not an issue within this Court’s proper scope of review, absent particularized allegations meeting the extreme standard of waste.C. The Replacement Financing The Plaintiff also alleges that the Trustee Defendants committed waste when they adopted the Reverse Repos to finance the redemptions of the Preferred Shares.

More Definitions of Replacement Financing

Replacement Financing has the meaning assigned to such term in Section 6.3(a).

Replacement Financing means debt financing which will result in net proceeds in the same amount as the amount committed to in the Commitment Letter and on terms and conditions not materially less favorable to DigitalGlobe or the Surviving Corporation than those set forth in the Commitment Letter.

Replacement Financing means a refinancing (satisfying all of the requirements of Section 5.02(b)(x)) by the Loan Parties of all (but not less than all) of the principal amount outstanding under the First Lien Loan Documents and the termination of all of the First Lien Loan Documents upon the consummation of such refinancing, in connection with which the Loan Parties may incur additional Debt in excess of the amount necessary to refinance the entire amount of the First Lien Loan Documents up to the aggregate amount specified in Section 5.02(b)(x).

Replacement Financing means one or more financings in favour of the Borrower whether by way of new debt or equity in an aggregate amount at least equal to $7,000,000 but not including the Required Funding.

Replacement Financing means one or more new debt or equity financings (other than under the SVB Loan Facility) incurred prior to the date on which the Penalty Loan Conditions have been met, pursuant to which Borrower received proceeds or commitments in an amount equal to or greater than the lesser of (x) the aggregate Advances then outstanding hereunder and (y) $2,000,000.

Replacement Financing means a refinancing (satisfying all of the requirements of Section 5.02(b)(ix)) by the Loan Parties of (a) first, all (but not less than all) of the principal amount outstanding under the First Lien Loan Documents and the termination of all of the First Lien Loan Documents upon the consummation of such refinancing and (b) thereafter, all (or such lesser amount as shall be acceptable to the Required Lenders under and as defined in the Second Lien Loan Documents) of the principal amount outstanding under the Second Lien Loan Documents and if paid in full in cash, the termination of all of the Second Lien Loan Documents upon the consummation of such refinancing.

Replacement Financing has the meaning set forth in Section 5.16 of the Agreement.