Common use of Financing Terms Clause in Contracts

Financing Terms. The terms of the Secured Notes, the terms and conditions of the Convertible Secured Notes and the New ABL Facility (including but not limited to terms and conditions relating to the interest rate, fees, amortization, maturity, subordination, covenants, events of default and remedies), shall be consistent in all material respects with the terms set forth herein and in the RSAs and otherwise reasonably satisfactory in all respects to the Commitment Parties.

Appears in 2 contracts

Sources: Purchase Agreement (Horizon Lines, Inc.), Purchase Agreement (Horizon Lines, Inc.)