Extract to table

Our preliminary review of the Existing Term Loan documentation suggests that there is a revolving credit facility carve-out within the permitted indebtedness definition, but the dollar cap and specific conditions attached to that carve-out must be confirmed through a comprehensive review of the credit agreement

The precise triggering event and notice requirements must be clearly defined to avoid disputes over when the standstill period begins to run

The exercise window must be long enough to allow the purchasing party to arrange financing for the acquisition, but short enough to avoid undue delay in the enforcement process