Common use of Second Lien Notes Clause in Contracts

Second Lien Notes. Prior to or substantially simultaneously with the initial extensions of credit hereunder, Borrowers shall have received the proceeds of the Second Lien Notes in the principal amount of $165,000,000 provided that such amount may be reduced to $155,000,000 (but not less than $155,000,000) if the amount of IPO Cash Common Equity in excess of $88,000,000 as of the Effective Date immediately prior to the closing of the ▇. ▇▇▇▇▇ Merger/Equity Transactions that is not subject to any redemption or any other restriction on its use by the Borrowers is at least $15,000,0000, and the Administrative Agent shall have received the Second Lien Intercreditor Agreement duly executed by all parties and copies of all final Second Lien Notes Documents to be effective as of the Effective Date.

Second Lien Notes. Prior to or substantially simultaneously with the initial extensions of credit hereunder, Borrowers shall have received the proceeds of the Second Lien Notes in the principal amount of $165,000,000 provided that such amount may be reduced to $155,000,000 (but not less than $155,000,000) if the amount of IPO Cash Common Equity in excess of $88,000,000 as of the Effective Date immediately prior to the closing of the ▇. ▇▇▇▇▇ Merger/Equity Transactions that is not subject to any redemption or any other restriction on its use by the Borrowers is at least $15,000,0000150,000,000, and the Administrative Agent shall have received the Second Lien Intercreditor Agreement duly executed by all parties and copies of all final Second Lien Notes Documents to be effective as of the Effective Date.