Common use of Closing Date Debt Clause in Contracts

Closing Date Debt. The sum of (i) the aggregate gross cash proceeds in respect of the 2027 Bridge Loans and the 2029 Bridge Loans on the Closing Date shall be no less than $1.5 billion and

Appears in 1 contract

Sources: Debt Agreement (Latam Airlines Group S.A.)

Closing Date Debt. The sum of (i) the aggregate gross cash proceeds in respect of the 2027 Bridge Loans and the 2029 Bridge Loans on the Closing Date shall be no less than $1.5 billion andand (ii) the aggregate commitments outstanding under the Revolving Credit Facility on the Closing Date shall be no less than $500.0 million.

Appears in 1 contract

Sources: Debt Agreement (Latam Airlines Group S.A.)