Exit Term Loan Term Sheet definition
Examples of Exit Term Loan Term Sheet in a sentence
Security: Consistent with the Prepetition Term Loan Credit Agreement and expanded to include collateral of Sierra Communications International LLC,2 subject to adjustments satisfactory to Required Consenting Stakeholders and the Borrower; provided 1 Use of the Prepetition Term Loan Credit Agreement throughout this Exit Term Loan Term Sheet remains subject to PW’s and the PW Ad Hoc Group’s further review of the Prepetition Term Loan Credit Agreement.
On the Effective Date, LodgeNet Interactive will enter into the Exit Loan Agreement, which shall contain terms consistent with the Exit Term Loan Term Sheet and shall otherwise be in form acceptable to Purchaser Representative and the Requisite Consenting Lenders.
The material terms of the Exit Term Loan Facility are set forth in the Exit Term Loan Term Sheet attached hereto as Exhibit 4.
Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Transaction Support Agreement, dated as of December 21, 2024 (together with all exhibits, annexes, and schedules attached thereto, including the Term Sheets, in each case, as amended, supplemented or modified in accordance with its terms, the “Transaction Support Agreement”), to which this Exit Term Loan Term Sheet is attached as an exhibit to the Transaction Term Sheet.
On the Effective Date, LodgeNet Interactive will enter into the Exit Revolver on terms not inconsistent with the Exit Term Loan Term Sheet and shall otherwise be in substance reasonably acceptable to Purchaser Representative and the Requisite Consenting Lenders.