First Lien Term Loan definition

First Lien Term Loan means our amended and restated senior secured first lien term loan facility in an initial principal amount of

First Lien Term Loan means the Term Loan as such term is defined in the First Lien Credit Agreement, as such is amended, modified, supplemented or restated from time to time in accordance with the terms thereof and hereof.

First Lien Term Loan means the “Term Loan”, as defined in the First Lien Credit Agreement

Examples of First Lien Term Loan in a sentence

• Pursuant to the Mediation Settlement, and in order to implement the Intercreditor Settlement Agreement, the Debtors shall offset the First Lien Term Loan Professional Fee Disgorgement from distributions otherwise allocable to the First Lien Term Loan Lenders on account of the First Lien Term Loan Claims (as if such amounts had been paid), such that the First Lien Term Loan Lender Defendants shall not be required to pay any amounts in respect of the First Lien Term Loan Professional Fee Disgorgement.

• Each Certifying First Lien Term Loan Lender Defendant shall pay its respective Tax Refund Recovery True-Up Payment to the First Lien Term Loan Agent in Cash within seven Business Days of the Effective Date.

• Certifying First Lien Term Loan Lender Defendants that do not comply with the requirements herein shall be liable for damages to the Non-Certifying First Lien Term Loan Lenders and shall be deemed to be in contempt of this Confirmation Order and subject to additional sanctions.

• Because there has been no diminution in value of the collateral of the First Lien Term Loan Lenders and the Second Lien Term Loan Lenders at TOUSA (calculated on a liquidation basis as of the Petition Date), there shall be no Claims in favor of the First Lien Term Loan Lenders and Second Lien Term Loan Lenders against any of the Plan Debtors pursuant to section 507(b) of the Bankruptcy Code.

• Specifically, the payment on the Effective Date of (a) $6 million incurred by Monarch, (b) up to$700,000 incurred by the First Lien Term Loan Agent and (c) up to $700,000 incurred by each of MatlinPatterson and Aurelius on account of actual professional fees and actual expenses in connection with the Chapter 11 Cases satisfies the objectives of and is in compliance with section 1129(a)(4) of the Bankruptcy Code.

More Definitions of First Lien Term Loan

First Lien Term Loan means loans outstanding under the First Lien Credit Agreement.

First Lien Term Loan means the Company's senior secured first lien term loan facility;

First Lien Term Loan as defined in Section 2.1.

First Lien Term Loan means that certain first lien term loan governed by that certain credit agreement dated as of [·] by and among the Company, the Subsidiary Guarantors named therein and [·] as administrative agent.

First Lien Term Loan means the Senior Secured First Lien Term Loan due 2021 issued under the First Lien Term Loan Credit Agreement.

First Lien Term Loan means the term borrowing in an amount, not to exceed an initial amount of $120 million, on the terms and conditions set forth in the First-Lien Term Loan Agreement.

First Lien Term Loan means that certain prepetition first lien term loan facility due 2025, provided for under the First Lien Credit Agreement.