Delayed Draw Term Loan Facility
TermLoan · Amelia Holding II, LLC
Reference: Delayed Draw Term Loan Facility
- Outstanding
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- Commitment
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- Availability
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- Maturity
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Reported commitment: USD 25,000,000 Reported 2024-08-08 Disclosed facility capacity; the amount drawn and capacity available today are not established.
Verified covenant terms
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Section 10.01(k) · Subordination
(k) Subordination. Any subordination or intercreditor agreement relating to any Subordinated Debt shall for any reason be revoked or invalidated or otherwise cease to be in full force and effect, any party thereto shall be in breach thereof or contest in any manner the validity or enforceability thereof or deny that it has any further obligation thereunder, or the Obligations shall for any reason not have the priority contemplated by this Agreement.
Applies to every series under this agreement Section 10.01 Listing of Events of Default
Full wording and supporting evidence
Source evidence: (k) Subordination. Any subordination or intercreditor agreement relating to any Subordinated Debt shall for any reason be revoked or invalidated or otherwise cease to be in full force and effect, any party thereto shall be in breach thereof or contest in any manner the validity or enforceability thereof or deny that it has any further obligation thereunder, or the Obligations shall for any reason not have the priority contemplated by this Agreement.
Target identity evidence: **THIS CREDIT AGREEMENT**, dated as of December 21, 2022, is by and among **aMELIA HOLDING II, LLC**, a Delaware limited liability company (the "***Borrower***"), **AMELIA HOLDINGS INC.**, a Delaware corporation ("***Holdings***")
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Section 10.02 · Remedies Upon Event of Default
Section 10.02 Remedies Upon Event of Default. If any Event of Default shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent may, and upon the direction of the Required Lenders shall, by notice to the Borrower
Applies to every series under this agreement Section 10.02 Remedies Upon Event of Default.
Full wording and supporting evidence
Source evidence: Section 10.02 Remedies Upon Event of Default. If any Event of Default shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent may, and upon the direction of the Required Lenders shall, by notice to the Borrower (a) terminate or reduce the Delayed Draw Term Loan Commitment, Revolving Loan Commitments or Incremental Term Loan Commitments or (b) declare all or any portion of the outstanding principal amount of the Loans and other Obligations to be due and payable and the Delayed Draw Term Loan Commitments, the Revolving Loan Commitments and the Incremental Term Loan Commitments (if not theretofore terminated) to be terminated
Target identity evidence: **THIS CREDIT AGREEMENT**, dated as of December 21, 2022, is by and among **aMELIA HOLDING II, LLC**, a Delaware limited liability company (the "***Borrower***"), **AMELIA HOLDINGS INC.**, a Delaware corporation ("***Holdings***")
Documents and filing history
- GoverningAgreement · EX-10.1 · 2024-08-08 — CREDIT AGREEMENT, AS AMENDED BY THE SECOND AMENDMENT DATED AUGUST 6, 2024, BY AND AMONG SOUNDHOUND AI, INC., AMELIA HOLDING II, LLC, THE OTHER CREDIT PARTIES PARTY THERETO, THE LENDERS PARTY THERETO, AND MONROE CAPITAL MANAGEMENT ADVISORS, LLC
- GoverningAgreement · EX-10.1 · 2024-08-08 — CREDIT AGREEMENT, AS AMENDED BY THE SECOND AMENDMENT DATED AUGUST 6, 2024, BY AND AMONG SOUNDHOUND AI, INC., AMELIA HOLDING II, LLC, THE OTHER CREDIT PARTIES PARTY THERETO, THE LENDERS PARTY THERETO, AND MONROE CAPITAL MANAGEMENT ADVISORS, LLC
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Issuance
· 2024-08-08
Commitment USD 25,000,000 Exact source document
Parent 8-K filing · 2024-08-08
**WHEREAS**, the Borrower has requested that the Lenders extend credit to the Borrower in the form of (a) a term loan in the aggregate principal amount of $75,000,000 on the Closing Date (the “***Term Loan Facility***”), (b) a $25,000,000 committed delayed draw term loan facility (the “***Delayed Draw Term Loan Facility***”) and (c) a $0 committed revolving loan facility (the “***Revolving Loan Facility***”); and
Issuer evidence: **THIS CREDIT AGREEMENT**, dated as of December 21, 2022, is by and among **aMELIA HOLDING II, LLC**, a Delaware limited liability company (the “***Borrower***”), **AMELIA HOLDINGS INC.**, a Delaware corporation (“***Holdings***”), the Subsidiaries of Holdings signatory hereto as guarantors or hereafter designated as Guarantors pursuant to Section 8.10, the lenders from time to time party hereto (each a “***Lender***” and, collectively, the “***Lenders***”) and **MONROE CAPITAL MANAGEMENT ADVISORS, LLC** (“***Monroe***”), as administrative agent for the Lenders (in such capacity, together with its successors and permitted assigns in such capacity, the “***Administrative Agent***”) and Monroe, as collateral agent for the Secured Parties (in such capacity, together with its successors and permitted assigns in such capacity, the “***Collateral Agent***”, and together with the Administrative Agent, collectively, the “***Agents***” and each an “***Agent***”).
Supporting evidence: **WHEREAS**, the Borrower has requested that the Lenders extend credit to the Borrower in the form of (a) a term loan in the aggregate principal amount of $75,000,000 on the Closing Date (the “***Term Loan Facility***”), (b) a $25,000,000 committed delayed draw term loan facility (the “***Delayed Draw Term Loan Facility***”) and (c) a $0 committed revolving loan facility (the “***Revolving Loan Facility***”); and
Supporting evidence: **WHEREAS**, the Borrower has requested that the Lenders extend credit to the Borrower in the form of (a) a term loan in the aggregate principal amount of $75,000,000 on the Closing Date (the “***Term Loan Facility***”), (b) a $25,000,000 committed delayed draw term loan facility (the “***Delayed Draw Term Loan Facility***”) and (c) a $0 committed revolving loan facility (the “***Revolving Loan Facility***”); and