Exit Credit Facility definition

Exit Credit Facility means a reserve-based first lien revolving credit facility with such terms acceptable to the Required Consenting Noteholders, which may either be an amendment and restatement of the RBL Credit Agreement or a new facility, as determined by the Debtors and the Required Consenting Noteholders.

Exit Credit Facility means the term loan facility to be provided to the Company on the Effective Date pursuant to the Exit Credit Agreement.

Exit Credit Facility means the [$__] million revolving credit and term loan facility to be entered into on or before the Issue Date between the Company, ___________, as agent, and the lenders thereunder.

Examples of Exit Credit Facility in a sentence

• Upon the Effective Date, each holder of an Allowed First Lien Credit Facility Claim shall receive, in full and final satisfaction of such Claim its Pro Rata share of (i) the Exit Credit Facility Distribution and (ii) $100,000,000 in Cash, payable, first, from Cash deposited in the segregated account maintained by the Debtors pursuant to paragraph 11(a).ii of the Final Cash Collateral Order and, second, from other Cash on hand.

• The Debtors may also include in the Plan Supplement a draft form of an Exit Credit Facility, the New Secured Notes, and the Working Capital Loans Notes, but only if and to the extent that such drafts are available as of the date of the filing of the Plan Supplement.

• On the Effective Date, pursuant to sections 1141(b) and (c) of the Bankruptcy Code, all property of the Debtors’ Estates shall vest in the Reorganized Debtors free and clear of all Claims, Liens, encumbrances, charges, and other interests, except as provided pursuant to the Plan, the Confirmation Order, or the Exit Credit Agreement and the other Exit Credit Facility Loan Documents.

• All documentation relating to the Exit Credit Facility will continue to be valid, binding and enforceable agreements and are not in conflict with any federal or state law.

• The obligations arising under the Exit Credit Facility Documents shall be secured by a senior priority perfected security interest in substantially all present and after acquired property and proceeds thereof of Reorganized TSE, subject to any exceptions and materiality thresholds acceptable to Cobra, as lender under the Exit Credit Facility Agreement.

More Definitions of Exit Credit Facility

Exit Credit Facility means the credit facility or facilities to be entered into by certain of the Reorganized Debtors after consultation with the Creditors’ Committee and Second Lien Group on the Effective Date.

Exit Credit Facility means the term loan facility encompassing the New First Out Term Loan Facility and the New Second Out Term Loan Facility to be provided to the Company on the Effective Date pursuant to the Exit Credit Agreement.

Exit Credit Facility means the $[ ] million revolving credit and term loan facility to be entered into on or before the Issue Date between the Company,[ ], as agent, and the lenders thereunder.

Exit Credit Facility means the reserve-based revolving credit facility available upon emergence from bankruptcy.

Exit Credit Facility means, collectively, (i) a $100 million first lien term loan and (ii) an up to $50 million working capital facility, made pursuant to the Exit Credit Facility Agreement.

Exit Credit Facility means a senior secured term and revolving debt facility of no more than$520 million3 on terms and conditions reasonably acceptable to the Equity Committee and the Plan Equity Sponsors to be provided by the Exit Facility Lender(s).

Exit Credit Facility means a senior secured term and revolving debt facility of no more than