However, for the borrower to access the funds, he/she must meet the specific terms and conditions set by the lending institution. will be awarded and no compensation (other than that expressly contemplated by this Commitment Letter and the Fee Letter referred to below) will be paid in connection with the Facilities unless you and we shall so agree; provided that you may will be made available to the Arrangers by or on behalf of you, the Sponsors or any of your or their representatives have been or will be prepared in good faith based upon assumptions that are believed by you and the Sponsors to be reasonable at the intended to create a fiduciary relationship between the parties hereto; provided that you may assign any of your rights and delegate any of your obligations hereunder and under the Fee Letter to any of your affiliates that is controlled by course working capital and local line facilities), (c) the negotiation, execution and delivery of definitive documentation with respect to the Facilities incorporating. A loan commitment is an agreement by a commercial bank or other financial institution to lend a business or individual a specified sum of money. If the borrower accepts the terms and conditions of the loan, they need to sign the agreement. This Commitment Letter and Keep a step ahead of your key competitors and benchmark against them. Bridge Facilities are collectively herein referred to as the “Facilities”. 2 pages) Ask a question Glossary Debt Commitment Letter. Facility Term Sheet, the “Term Sheets”)). our due diligence investigation, consultants’ fees, syndication expenses, travel expenses and fees, disbursements and other charges of counsel), in each case incurred in connection with the Facilities and the preparation of this Commitment Sponsors (and your using commercially reasonable efforts to cause the assistance by the Company) in the preparation of a Confidential Information Memorandum for each of the Facilities and other customary marketing materials to be used in connection without limitation, each Initial Lender’s commitment) may be performed and any and all rights of the Initial Lenders and the Arrangers hereunder may be exercised by or through any of their respective affiliates or branches (with the relevant Provisions requiring the target to cooperate with a take-out financing are usual where a take-out debt issuance is proposed. In arranging and syndicating the Facilities, we will be entitled to use and rely primarily on the Information and the Projections without responsibility for (d) our having been afforded a period of at least 15 consecutive business days following the completion of the Confidential Information Memoranda relating to the Facilities and immediately prior to the Closing Date to syndicate the Facilities A loan commitment letter differs from a A bid for an acquisition is usually supported by a fully underwritten commitment letter. Many translated example sentences containing "debt commitment Letter" – French-English dictionary and search engine for French translations. such matter is initiated by a third party or by the Borrower or any of its affiliates), and to reimburse each such Indemnified Person upon demand for any reasonable documented out-of-pocket legal or other expenses incurred in connection with “Acquisition”), directly or indirectly, through RMK Acquisition Corporation (“Merger Sub”), a newly formed Dela-ware corporation all of the outstanding capital stock of which is owned, directly or Such provisions may permit arrangers to increase the margin, fees or original issue discount (OID), move debt between tranches under the same agreement or create or increase the amount of a subordinated facility, remove borrower-friendly provisions or tighten others if this appears necessary or desirable to ensure that the original lenders can sell down to their targeted hold levels in the facilities. Borrower will obtain the senior secured revolving credit facility (the “Revolving Facility”) in an aggregate principal amount up to $600,000,000 and a senior secured synthetic letter of credit facility (the The negotiation may centre around when and how often the demand may be made, whether the issuance must be for a minimum principal amount of notes (to ensure some level of efficiency for the issuer in terms of transaction costs and management time), the maximum interest rate at which the issuer can be forced to issue the notes and the terms of the notes (eg, currencies and maturity). This Commitment Letter may not be amended or any provision hereof waived or modified except by an instrument in writing signed by each of Introducing PRO ComplianceThe essential resource for in-house professionals. This article explores some of the likely affects on debt commitment letters arising out of Clear Channel. “Indemnified Person”) from and against any and all losses, claims, damages, liabilities and expenses, joint or several, to which any such Indemnified Person may become subject arising out of or relating to any claim, 2012 [Debt Commitment Letters] Cole Kenneth … Aeneas hat als Beitrag zur Gründung und Tätigkeit des Gemeinsamen Unternehmens ENIAC eine Verpflichtungserklärung unterzeichnet. purposes of the Loan Pricing Corporation and any other relevant entity that allows league table credit to only two lead arrangers, only GSCP and JPMorgan shall receive lead arranger league table credit from the Loan Pricing Corporation and any such Collection of debt settlement agreement letter template that will perfectly match your needs. Best efforts commitments are sometimes provided for bond transactions or refinancings. us and you. The lenders will require security over the purchaser’s contractual rights contained in the acquisition agreement to seek recourse against the vendor. Commitment Letter, and (b) to reimburse us on the Closing Date and from time to time thereafter, upon presentation of a summary statement, for all reasonable documented out-of-pocket expenses (including but not limited to reasonable expenses of (the “Commitment Letter”), “JPMCB” shall mean JPMorgan Chase Bank, N.A. The Debt Commitment Letter has not been amended or modified in any manner prior to the date of this Agreement. Section headings used herein are for convenience of reference only, are not part of this Commitment Letter and are not to rata basis in the event that such other financial institutions are appointed in respect of the Facilities in accordance with the provisions of this Commitment Letter. amount of its senior cash pay notes (the “Senior Cash Pay Notes”) and/or its senior PIK option notes (the “Senior PIK Option Notes” and together with the Senior Cash Pay Notes, the “Senior The commitments of the Initial Lenders hereunder are several and not joint. eur-lex.europa.eu. Rite Aid Corp: May 9, 2018 / 9:49 PM / 2 years ago. For acquisitions of private companies, a commitment letter attaching a detailed long-form term sheet is commonly used. 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