Examples of Exit Financing Lender in a sentence
The Exit Financing Lender will amend and restate the Pre-Effective Date Lender Secured Claim to Reorganized Smitty’s on terms acceptable to the Debtors and the Exit Financing Lender.
On the Effective Date, Exit Financing Lender shall provide the Reorganized Debtor with Exit Financing in an amount not to exceed $2.86 million to provide (i) post-emergence working capital of at least $500,000, and (ii) funds sufficient to pay all Administrative and Priority Expenses and other obligations under the Plan that are payable on the Effective Date.
As of the Effective Date, the CDD, as the Holder of the Allowed Secured CDD O&M Claim in this Class 3D, shall receive (1) an amount equal to 100% of such Allowed Class 3D Claim in Cash, or (2) such other treatment as otherwise authorized by the Bankruptcy Code or agreed to by the Debtor or the Reorganized Debtor and the CDD prior to the Confirmation Date, with the consent of the Exit Financing Lender.
In recognition of the soft commercial real estate market, the Exit Financing Lender has provided the Debtors with “breathing room” in the form of pricing and amortization relief through December 31, 2009, to allow Reorganized Smitty’s adequate time to market and sell the Alexandria Property.
Notwithstanding the foregoing, each Holder of an Allowed Priority Claim may be paid under such other terms as may be agreed upon by both the Holder of such Allowed Priority Claim and the Debtor or Reorganized Debtor, as the case may be, with the consent of the Exit Financing Lender.
Each Holder of an Allowed Secured Real Estate Tax Claim in Class 2A shall receive (i) an amount equal to 100% of such Allowed Secured Real Estate Tax Claim in Cash, or (ii) as otherwise authorized by the Bankruptcy Code or agreed to by the Debtor or the Reorganized Debtor and each such Holder prior to the Confirmation Date, with the consent of the Exit Financing Lender.
As of the Effective Date, the CDD, as the Holder of the Allowed Secured CDD Bond Claim in this Class 3C, shall receive (1) an amount equal to 100% of such Allowed Class 3C Claim in Cash, or (2) such other treatment as otherwise authorized by the Bankruptcy Code or agreed to by the Debtor or the Reorganized Debtor and the CDD prior to the Confirmation Date, with the consent of the Exit Financing Lender.
Notwithstanding the above, each Holder of an Allowed Priority Tax Claim may be paid under such other terms as may be agreed upon by both the Holder of such Allowed Priority Tax Claim and the Debtor or Reorganized Debtor, as the case may be, with the consent of the Exit Financing Lender.
Each Holder of an Allowed Secured Real Estate Tax Claim in Class 2B shall receive (i) an amount equal to 100% of such Allowed Secured Real Estate Tax Claim in Cash, or (ii) as otherwise authorized by the Bankruptcy Code or agreed to by the Debtor or the Reorganized Debtor and each such Holder prior to the Confirmation Date, with the consent of the Exit Financing Lender.
In the event that Net Realized Proceeds do not exceed $7,500,000, all Net Realized Proceeds from the sale of the Alexandria Property shall be distributed at closing to the Exit Financing Lender, which, in its sole discretion and authority, may elect not to share the proceeds with any other party.