Exit RBL Facility definition

Exit RBL Facility means that certain revolving credit facility, to be provided to the Debtors or Reorganized Debtors, as applicable, pursuant to the Exit RBL Facility Documents, and otherwise in accordance with the terms, and subject in all respects to the conditions, set forth in the Plan.

Exit RBL Facility means the exit RBL loan facility or amended and restated RBL loan facility of BCEI (or any combination of the foregoing), with aggregate commitments (drawn and undrawn, collectively) of not less than $250 million in principal amount.

Exit RBL Facility means the new or amended credit facility under the Exit RBL Facility Documents.

Examples of Exit RBL Facility in a sentence

• Plan Distributions of Cash shall be funded from the Debtors’ Cash on hand as of the applicable date of such Plan Distribution and from the proceeds of the Equity Rights Offerings and Exit RBL Facility.

• On the Effective Date, the Reorganized Debtors shall enter into the Exit RBL Facility, the proceeds of which may be used to (i) provide the Reorganized Debtors with additional liquidity for working capital and general corporate purposes, (ii) pay all reasonable and documented Restructuring Expenses, and (iii) fund Plan Distributions.

• The Reorganized Debtors that are the guarantors under the Exit RBL Facility shall issue the guarantees and grant the Liens and security interests as provided therein.

• Each Holder of an Allowed DIP Facility Claim shall be paid in full in Cash from the proceeds of the Exit RBL Facility.

• They noted that information used to determine whether a marine mammal is seriously injured upon release is made using information recorded in the “comments” column of the incidental take log.

More Definitions of Exit RBL Facility

Exit RBL Facility means the reserve based revolving credit facility that the Reorganized Debtors will obtain on the Effective Date in accordance with the Exit RBL Credit Agreement, which shall be consistent in all material respects with the Restructuring Support Agreement, the Exit RBL Commitment Letter and otherwise in form and substance reasonably acceptable to the Required Parties.

Exit RBL Facility means the first out senior secured revolving credit facility, as contemplated in the Exit Debt Commitment Letter and Exit Facilities Credit Agreement.

Exit RBL Facility means the amended credit facility agreed to by the Exit RBL Lenders and filed in the Plan Supplement.

Exit RBL Facility means the ‘Revolving Facility’ as defined in, and on the terms set forth in, the Restructuring Support Agreement, or otherwise reasonably acceptable to the Requisite Commitment Parties.

Exit RBL Facility means the reserve based lending facility with an initial borrowing base of $350 million, which shall be on such terms as set forth in the applicable Exit RBL Facility Documents.

Exit RBL Facility means, unless an All Asset Sale occurs, the revolving credit facility, in the amount of $[●] million, approximately $[●] million drawn on the Effective Date, which shall be on such terms as set forth in the applicable Exit RBL Facility Documents.

Exit RBL Facility means, collectively, the Exit RBL Facility and the Exit Second Lien Financing.¶