Acceptable Exit Financing Clause Samples

Acceptable Exit Financing. The Borrower shall (i) deliver to the Agent and the Lenders a list of all financiers contacted by the Borrower and its advisors to provide exit financing on or before August 20, 2004 and shall thereafter provide weekly status reports to the Agent of progress made with respect to obtaining such exit financing and (ii) on or before 5 September 30, 2004, deliver to the Agent and the Lenders a commitment letter in respect of such exit financing (containing such terms and conditions for the extension of credit as are customary for commercial lenders in the provision of exit financing to companies emerging from Chapter 11), which commitment letter shall be in form and substance satisfactory to, and subject to the approval of, the Agent and the Majority Lenders in their sole discretion.