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.
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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.
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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.
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Examples of Alternative Exit Facility in a sentence

  • A summary of the relevant terms of the Alternative Exit Facility shall be included in the Plan Supplement, if applicable.

  • Within five (5) days following receipt of an Alternative Exit Facility Commitment, the Commitment Parties may notify the Company of a proposal to modify terms of the Exit Facility to be at least as favorable as terms (interest rates, fees and other material terms) set forth in the Alternative Exit Facility Commitment.

  • The Debtors and the Reorganized Debtors, as applicable, shall fund distributions under this Plan with: (1) Cash on hand, including Cash from operations; (2) proceeds from the Exit Facility or Alternative Exit Facility; (3) proceeds from the Rights Offering and Backstop Commitments; and (4) the proceeds of any Incremental Equity Investment or New Exit Note, as applicable.

  • If the Commitment Parties and the Company do not agree to an amendment to the Commitment Letter with terms substantially consistent with, or improved from, the Alternative Exit Facility Commitment, then the Debtors may enter into the Alternative Exit Facility Commitment and, in such case, the Commitment Fee shall be adjusted as set forth in the Fee Letter.

  • Alternative Exit Facility: The Company may deliver a commitment for a replacement exit facility (the “Alternative Exit Facility Commitment”), in a form acceptable to the Commitment Parties, up until 30 days prior to the Effective Date.

  • The Exit Financing is subject to (a) ratification of union deals necessary to implement the Company’s business plan, (b) Plan of Reorganization, Disclosure Statement and related documentation (outlined above) satisfactory to the Prepetition Lenders, (c) achievement of the milestones outlined in the Commitment Letter and (d) other customary documentation and closing conditions.The aggregate amount of all Alternative Exit Facility Commitments plus the Exit Facility shall not exceed $400 million.

  • Credit then outstanding) and (B) to the Arranger any unpaid balance of the Alternative Exit Facility Commitment Fee (as defined in the Alternative Exit Credit Facility Fee Letter).

  • As of the Effective Date, notwithstanding anything in this Article XI to the contrary, the New Organizational Documents and the Exit Facility or Alternative Exit Facility, as applicable, and any documents related thereto shall be governed by the jurisdictional provisions therein and the Bankruptcy Court shall not retain jurisdiction with respect thereto.


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.
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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.
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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.
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Alternative Exit Facility means any exit financing provided an Alternative Exit Facility Lender.
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Related to Alternative Exit Facility

  • Exit Facility means a credit facility that will be entered into by the City, the Exit Facility Agent and the other financial institutions party thereto on the Effective Date on substantially the terms set forth on Exhibit I.A.119.

  • Alternative Financing has the meaning set forth in Section 5.14(b).

  • Exit Facility Term Sheet means the Exit Facility Term Sheet attached as Exhibit 2 to Exhibit B of the Restructuring Support Agreement.

  • Exit Facility Agent means the agent under the Exit Facility.

  • Exit Facilities means, collectively, the Exit ABL Facility and the Exit Term Loan Facility.

  • Exit Facility Documents means, collectively, the Exit Credit Agreement, and all other agreements, documents, and instruments delivered or entered into in connection with the Exit Facility, including any guarantee agreements, pledge and collateral agreements, intercreditor agreements, subordination agreements, fee letters, and other security documents

  • Exit Financing means the financing under the Exit Facility.

  • Exit ABL Facility means the asset-based revolving credit facility provided for under the Exit ABL Credit Agreement.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • New Credit Facility is defined in Section 9.8.

  • Refinancing Transactions means the issuance and sale of the Notes pursuant to the Offering Memorandum, the incurrence of indebtedness on or about the Issue Date pursuant to any Credit Agreement and/or the repricing, refinancing, amendment, restatement or supplement, in whole or in part, of any Credit Agreement and the redemption (including any satisfaction and discharge in connection therewith) of all of the Company’s outstanding 7.875% Senior Notes due 2019 and the payment of fees and expenses in connection therewith.

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • Existing Credit Facility means the credit facility evidenced by that certain Credit Agreement, dated as of October 26, 2006, by and among the Borrower, the lenders party thereto, and JPMCB, as administrative agent, as amended.

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Credit Facility Agreement means the Credit Facility and Reimbursement Agreement dated as of May 1, 2003, between the Bond Bank and the Bank providing for the timely payment, when due, of a portion of the principal of and interest on the Notes, all subject to such conditions and under such terms as described in Article X of the Indenture.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Bridge Facility means the Commitments and any Advances made thereunder.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Refinancing Proceeds means the proceeds of the refinancing of any indebtedness of the Company, less the amount of expenses incurred by or on behalf of the Company in connection with such refinancing.