Exit Lender definition

Exit Lender means the lender under the Exit Facility and party to the Exit Facility Agreement.

Exit Lender means JPM.

Exit Lender means the lender selected by PHMC in consultation with the Debtors who shall provide Effective Date financing to the Reorganized Debtors.

Examples of Exit Lender in a sentence

• On the Effective Date, the Reorganized Debtors shall execute the Creditors Trust Agreement and shall execute and deliver to the Plan Sponsor and, if necessary, to an Exit Lender, documents necessary to implement the Plan, including, without limitation, (i) the New Equity Infusion Documents and (ii) Exit Financing Documents, if necessary.

• If the Reorganized Debtors need to find replacement floorplan financing, then the Reorganized Debtors are authorized to obtain Exit Financing and execute and deliver Exit Financing Documents to an Exit Lender on the Effective Date.

• Execution of all loan documents required by the Exit Lender for the Exit Facility.

• Pursuant to the Plan, an Exit Lender will provide an Exit Loan to the Reorganized Debtors, the funds of which will disburse and be utilized to pay creditors on their claims on the Effective Date in accordance with this Plan.

• Except as otherwise provided in the Plan or in this Confirmation Order, notice of all subsequent pleadings in these Chapter 11 Cases after the Effective Date is required to be served upon only the following parties: (a) the U.S. Trustee; (b) counsel to the Exit Lender; and(c) any party known to be directly affected by the relief sought by such pleadings.

More Definitions of Exit Lender

Exit Lender means an entity or financial institution, other than Ford Credit or GM Financial, that provides the Reorganized Debtors with replacement floorplan financing post- confirmation if this Plan is Confirmed under the Restructuring Alternative.

Exit Lender means PNC Bank, National Association, or such other financial institution under the Exit Financing Documents.

Exit Lender means the lender or lenders under the Exit Financing Facility.

Exit Lender means (a) each Backstop Party, and (b) as of any date, each other Person (not a Backstop Party) who (1) participated in the Rights Offering and purchased thereunder, or otherwise acquired pursuant to the Plan, shares of Series A Preferred Stock representing more than 5% of all shares of Series A Preferred Stock issued and outstanding on the Effective Date, and (2) has beneficially owned at all times since the Effective Date, and continues to beneficially own, as of such date, more than 5% of the issued and outstanding shares of Common Stock as conclusively shown:

Exit Lender means a party or parties to be identified that will provide the Exit Loan.

Exit Lender means each lender that is a party to the Exit Credit Facility Agreement.

Exit Lender means Sachem Capital, funding the Exit Loan.