Alternative Exit Facility definition
Alternative Exit Facility means an exit financing facility to be provided in lieu of the Committed Exit Facility with the consent of, and on terms and conditions (and in an amount) reasonably acceptable to the Company Parties and the Required Consenting First Lien Noteholders.
Alternative Exit Facility means a senior secured revolving reserve-based lending credit facility in form and substance acceptable to the Debtors and the Plan Sponsor, the relevant terms of which shall be included in a summary Filed with the Plan Supplement, if applicable.
Alternative Exit Facility means a new first lien credit facility to be provided by parties other than the Revolving Facility Lenders in lieu of the Exit Revolving Facility, the proceeds of which shall be used to, among other things repay the Revolving Facility Lenders Claims in accordance with this Plan, on terms reasonably acceptable to the Debtors, the Unanimous Supporting Noteholders, and the Supporting Interest Holders.
Examples of Alternative Exit Facility in a sentence
Entitled to vote, unless the Debtors enter into an Alternative Exit Facility.
More Definitions of Alternative Exit Facility
Alternative Exit Facility means an alternative revolving credit facility that may be made available to Reorganized NAC DAC in form and substance satisfactory to NAC DAC and the Majority Consenting Equitizing Creditors.
Alternative Exit Facility means any senior secured credit facility (other than the facility that will arise upon the Conversion Date, if any, of the DIP Facility) to be negotiated by the Debtors, and entered into by the Reorganized Debtors on or about the Effective Date pursuant to the Alternative Exit Facility Credit Agreement, which alternative facility shall be in form and substance acceptable to the Committee in its sole discretion. The Alternative Exit Facility shall provide for the payment in full, in cash, of the DIP Facility Claims on the Effective Date.
Alternative Exit Facility means a senior secured revolving reserve-based lending credit facility in form and substance acceptable to the Debtors and the Plan Sponsor.
Alternative Exit Facility means any exit financing provided an Alternative Exit Facility Lender.