Exit Financing Agreement definition
Exit Financing Agreement means an agreement on account of (a) the three-year senior secured first lien term facility in an aggregate principal amount of up to $500 million between the DIP Lenders, Reorganized Lear Corporation, as borrower, and Reorganized Lear Corporation’s wholly owned domestic direct and indirect subsidiaries, as guarantors, substantially similar to the agreement attached as Exhibit I to the DIP Facility, or (b) an alternative exit-financing facility provided that the DIP Facility is paid in full in Cash upon the Effective Date; provided that the aggregate amount of loans under the Exit Financing Agreement is subject to prepayment on account of the Excess Cash Paydown.
Exit Financing Agreement means that certain credit agreement with Buyer (or a Buyer Designee) as borrower in form and substance consistent with the terms set forth in the RSA acceptable to Buyer and the Required Consenting First Lien Lenders (as defined in the RSA).
Exit Financing Agreement means any agreement between Cast- Crete and the Debtors or Reorganized Debtors to loan or otherwise advance the funds necessary to pay those Claims to be paid in Cash on the Effective Date and otherwise provide operating cash to Reorganized CyberCare.
Examples of Exit Financing Agreement in a sentence
The New Exit Financing Agreement shall be included in the Plan Supplement.
On the Effective Date, all DIP Expenses shall be paid in Cash and the remaining DIP Claims will be converted into loans under the New Exit Facility Term Loan pursuant to the terms of the New Exit Financing Agreement.
More Definitions of Exit Financing Agreement
Exit Financing Agreement means the New Revolving Credit Agreement and/or the New Term Loan Agreement between Reorganized RBX and certain lenders, providing post-confirmation financing of up to $55 million.
Exit Financing Agreement means an agreement on account of a $40 million senior secured credit facility to be entered into by the Reorganized Debtors on terms satisfactory to the Debtors and each of the Backstop Parties in its sole discretion.
Exit Financing Agreement means that agreement to be executed by Reorganized TRC on or before the Effective Date, including all agreements, amendments, supplements or documents related thereto, which provides for an exit credit facility in an aggregate principal amount of not less than $410 million, which, if not filed as part of the Plan Supplement, the substantially final form of which shall be consistent with the Exit Financing Term Sheet or Commitment Letter filed as part of the Plan Supplement and acceptable to the Debtors and the Required Backstop Parties.