Examples of Exit Facility Commitment Letter in a sentence
Copies of the Senior Credit Facility and related documents thereto will be made available to parties in interest upon request.and Perfumania Holdings (the " Exit Facility Commitment Letter"), a copy of which is attached here to as Exhibit C.
To this end, the Debtors have already paid PNC a customary deposit prepetition on account of both the contemplated Exit Facility and the DIP Facility, and any portion thereof remaining after accounting for PNC Expenses incurred in connection with the DIP Facility will be maintained by PNC as the deposit under the Exit Facility Commitment Letter.
On the Effective Date, the Amended and Restated Credit Agreement shall be executed and delivered substantially on the terms and conditions set forth in the Exit Facility Commitment Letter and the Exit Facility Term Sheet, with such modifications to which the Debtors or Reorganized Debtors may agree with the consent of the Requisite Lenders, which modifications shall not affect the treatment of Claims under the Plan.
Pursuant to the Exit Facility Commitment Letter, subject to the satisfaction of the conditions to closing set forth therein, PNC has agreed to commit up to $125 million under the Exit Facility.
Further, the indemnification provision under the Exit Facility Commitment Letter offers standard protections by the Debtors to the Indemnified Persons (including PNC) to ensure that such parties can turn to these estates for reimbursement in the event that they suffer losses through their financing efforts in support of these cases.