Enabled Very first Top priority Refinancing Obligations should include one Registered Comparable Notes granted in exchange therefor

Enabled Very first Top priority Refinancing Obligations should include one Registered Comparable Notes granted in exchange therefor

Permitted Securitization Money setting a minumum of one deals pursuant that (i) Securitization Possessions otherwise interests therein are offered in order to or funded of the a minumum of one Special purpose Securitization Subsidiaries, and you may (ii) eg Special-purpose Securitization Subsidiaries loans the purchase of instance Securitization Possessions or appeal therein, or the capital thereof, because of the selling otherwise borrowing up against Securitization Possessions and you will any Hedging Plans joined on the concerning such as for example Securitization Assets; given, one recourse to your Borrower otherwise people Part (aside from the fresh Special purpose Securitization Subsidiaries) concerning for example purchases is going to be simply for this new extent classic (due to the fact dependent on this new Borrower within the good faith) for the very same transactions regarding relevant jurisdictions (also, on the the total amount appropriate, in a way similar to the birth out of good “true product sales”/“pure transfer” viewpoint regarding any import of the Borrower or any Part (apart from a different sort of Objective Securitization Part)).

The latest Funding setting the Indebtedness incurred or even to end up being obtain of the Holdings and its particular Subsidiaries within the Borrowing from the bank Files (of course, if a full utilization of the Revolving Responsibilities) and all sorts of other financings contemplated because of the Borrowing Data files, in the each situation just after offering impression with the Transaction therefore the incurrence of all of the financings within the relationship therewith.

Log off Resource means certain resource to finance this new Reorganization Bundle anticipated to become including the fresh Elderly Title Financing Facility, the brand new ABL Facility, the fresh new Euro Securitization, the fresh Notes additionally the Basic Lien Cards

Enabled Basic Concern Refinancing Loans setting any secure Indebtedness (and additionally people Entered Comparable Cards) obtain from the Mother Debtor and you may, in the event that appropriate, any Co-Borrower, when it comes to no less than one series of elder shielded cards otherwise loans; provided (i) for example Indebtedness are covered by Equity toward a good pari passu foundation (but instead reference to the new control over treatments) with the Financial obligation which can be perhaps not protected from the people possessions otherwise assets out of a borrower or one Limited Part besides the fresh new Equity, (ii) eg Indebtedness is not at any time secured of the people Subsidiaries except that Subsidiaries that will be Co-Consumers otherwise Guarantors, (iii) particularly Indebtedness doesn’t mature otherwise possess booked amortization otherwise money of trust-loan.com sign in principal (besides traditional offers to repurchase upon a significant difference off control, resource deals otherwise experience out of loss and you can a traditional velocity right immediately after a meeting out-of default) prior to the day that’s 91 weeks pursuing the Latest Readiness Time of every Mortgage a good during the time instance Indebtedness are sustained otherwise provided, (iv) the safety plans based on particularly Indebtedness is substantially a comparable since or maybe more good for the Financing Events compared to the Equity Data files (with instance distinctions since the are relatively sufficient toward Representative) and (v) a senior Representative acting on behalf of the holders of such Indebtedness will are particularly group in order to if not susceptible to the fresh terms of your own Intercreditor Agreements.

Bridge Capital means interim financial support to cover eligible venture will set you back up until the brand new CWSRF financial support for the opportunity try obtained in the Condition H2o Board

Refinancing Loans setting Personal debt one to refunds, refinances, renews, replaces otherwise offers people Debt allowed to end up being Incurred by the Business or one Minimal Part pursuant on the regards to that it Indenture, whether or not involving the exact same or other lender otherwise creditor or band of lenders otherwise creditors, but simply to new the amount you to definitely

Special purpose Investment means one financial support otherwise refinancing regarding assets composed regarding or along with Receivables of one’s Organization or any Limited Part that happen to be relocated to another type of Objective Organization or generated susceptible to an effective Lien in a finance Spirits.

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