Exit Financing definition

Exit Financing means the financing under the Exit Facility.

Exit Financing means, together, (a) a senior secured or unsecured term loan and/or the issuance of senior secured or unsecured notes which, in the aggregate, have a principal amount of $750 million and (b) a senior secured revolver facility up to a principal amount of $250 million entered into pursuant to an Exit Credit Facility Agreement.

Exit Financing means the debt instruments to be issued or executed as part of any exit financing facility or other lender arrangement obtained by the Debtors prior to the Effective Date (excluding the New Subordinated Notes) in form and substance reasonably acceptable to the GenOn Steering Committee and, to the extent they are Exit Financing Parties, the Backstop Parties, which may include the New Senior Secured Notes, the New Exit Credit Facility Term Loans, the New Exit Credit Facility Revolving Loans, and/or one or more alternative financing instruments issued and/or executed in connection with the Exit Financing.

Examples of Exit Financing in a sentence

• The material Exit Financing Documents shall have terms acceptable to the Required Consenting Stakeholders and the agents for and lenders under each respective Exit Financing Facility, the forms of which shall be set forth in the Plan Supplement.

• On the Effective Date, the Reorganized Debtors shall be authorized to enter into the Exit Financing Documents (including, for the avoidance of doubt, all documentation allowing for the issuance of (i) the Exit Secured Notes and (ii) the Exit Revolving Credit Facility) without the need for any further corporate or other similar action.

• All documents and agreements necessary to implement the Plan, including the New Organizational Documents, the Exit Financing Documents, the Equity Rights Offering Documents, and all other items contained in the Plan Supplement, shall be in form and substance acceptable to the Debtors and the Required Consenting Stakeholders and shall have been effected or executed and remain in full force and effect.

• All conditions precedent to the consummation of the Exit Financing Facilities, Equity Rights Offering, and Backstop Commitment shall have been satisfied or waived in accordance with the terms of the Exit Financing Documents, Equity Rights Offering Documents, and Backstop Commitment Agreement, as applicable.

• The Exit Financing Facility shall have become effective, shall be for the amounts set forth in the Restructuring Support Agreement, if applicable, and shall otherwise be in form and substance substantially in accordance with the Restructuring Support Agreement or as otherwise set forth in the Plan.

More Definitions of Exit Financing

Exit Financing means such financing agreement(s) or commitment(s) as the Debtors may enter into to provide the Reorganized Debtors with appropriate credit availability.

Exit Financing means that certain exit financing contemplated by the New Credit Agreement (as defined by the Amended Plan).

Exit Financing means a secured loan facility of no less than $1 million to be provided by an affiliate of the Debtor on terms substantially similar to (but no less favorable to the Debtor) the terms of the DIP Facility.

Exit Financing means the debt instruments to be issued or executed as part of the Exit First Lien Term Loan Facility, the Exit Second Lien Term Loan Facility, and any additional exit financing that may be obtained by Reorganized Quoizel, as determined by the Initial Plan Sponsors.

Exit Financing means that certain financing to finance the Reorganization Plan expected to be composed of the Senior Term Loan Facility, the ABL Facility, the Euro Securitization, the Notes and the First Lien Notes.

Exit Financing means (a) the credit facilities for post-Effective Date operations, substantially on the terms set forth in the Credit Agreements and (b) the Senior Secured Notes issuance, substantially on the terms set forth in the Senior Secured Notes Indenture.

Exit Financing means any exit financing facility or other lending arrangement obtained by the Debtors prior to the Effective Date, which facility may include a grant of security interest in certain of the Debtors’ assets.