Exit Loan Documents definition
Examples of Exit Loan Documents in a sentence
The Second Lien Exit Loan Documents shall include customary provisions regarding increased costs, illegality, tax indemnities, waiver of trial by jury and other similar provisions.
The Exit Loan Documents will contain indemnification and cost reimbursement provisions giving due regard to the Precedent Credit Agreement with qualifiers with respect to the Cases and otherwise customarily found in loan agreements for similar exit financings (as determined by the Required DIP Lenders).
Each of the Loan Parties, the Administrative Agent, the Issuing Bank and the Lenders shall take such actions and execute and deliver such agreements, instruments or other documents as the Administrative Agent may reasonably request to give effect to the provisions of this Section 2.22 and as are required to complete the Exit Loan Documents on terms substantially similar to the terms set forth therefor in the Restructuring Term Sheet.
The Exit Loan Documents will contain events of default customarily found in loan agreements for similar financings (as determined by the Required DIP Lenders), giving due regard to the Precedent Credit Agreement with qualifiers with respect to the Cases (each, an “Event of Default”).
In addition, any waiver or consent to the Exit Loan Documents which has the effect of releasing all or substantially all of the collateral and/or guarantees shall require the consent of all affected Exit Lenders.