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 [$__] 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 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.

Examples of Exit Credit Facility in a sentence

• Any letters of credit issued and outstanding under the RBL Credit Agreement on the Effective Date shall be “rolled” into the Exit Credit Facility.

• Notwithstanding anything herein to the contrary in this Section 11, the Exit Credit Agreement and the other Exit Credit Facility Loan Documents shall be governed by the jurisdictional provisions therein and the Bankruptcy Court shall not retain jurisdiction with respect thereto.

• 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.

• We retrieve daily information onsovereign ratings by most agencies via Bloomberg.17 The information on ratings published by Feri and Fitch is obtained directly from the agencies.

• Such deemed value is equal to the amount that will be drawn by DOE on the Cobra Backstop Letter of Credit pursuant to Section 5.3 of this Plan less the $100 million term loan component of the Exit Credit Facility.

More Definitions of Exit Credit Facility

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

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

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 that certain $95 million secured senior revolving credit facility pursuant to the Senior Credit Agreement among Southwestern Life Holdings, Inc., the lenders parties thereto and ING (U.S.) Capital LLC, as agent dated as of the Effective Date.

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 first lien revolving credit facility pursuant to the Exit Loan Documents.