Exit Revolver Facility definition

Exit Revolver Facility means that certain asset-based revolving credit facility in the principal amount of up to $140.0 million pursuant to a new credit agreement, by and among the Reorganized Debtors, as borrowers, and the Exit Lenders, and all other documents entered into in connection therewith or contemplated thereby, the proceeds of which shall fund (a) first, distributions under this Plan on account of DIP ABL Facility Claims, and (b) second, distributions under this Plan on account of DIP Term Loan Facility Claims.
Sample 1Sample 2
Exit Revolver Facility means any revolving loan facility provided to the Reorganized Utility or Reorganized HoldCo, pursuant to the Exit Revolver Facility Documents, including the Exit Revolver Facility Credit Agreement, as contemplated by, and which shall be consistent with, the Exit Financing Term Sheets.
Sample 1Sample 2
Exit Revolver Facility means an asset-based revolving credit facility (if
Sample 1

Examples of Exit Revolver Facility in a sentence

  • Any Letter of Credit Claim shall be satisfied with the issuance of one or more replacement letter of credit facilities as part of the Exit Revolver Facility unless cash collateralized at the sole election of the Debtors.

  • On the Effective Date, the Reorganized Debtors shall enter into the Exit Revolver Facility, the final form and substance of which shall be acceptable to the Reorganized Debtors and the Plan Sponsor.

  • The Reorganized Debtors may use the Exit Revolver Facility for any purpose permitted thereunder, including the funding of obligations under the Plan and satisfaction of ongoing working capital needs.

  • Interest Expense: Interest expense for the Exit Revolver Facility, the Swap Note, and the Exit Term Loan Facility are based on a forecasted LIBOR rate of 1.33% held constant from 2009 to 2011.

  • In full satisfaction of and in exchange for each Allowed Prepetition Revolver Facility Claim, each holder of an Allowed Prepetition Revolver Facility Claim will receive a Pro Rata share of the Exit Revolver Facility.

  • Exit Revolver Facility Lenders means each person who on the Effective Date shall become a lender under the Exit Revolver Facility Documents.

  • The Exit Revolver Facility shall be utilized toroll the Prepetition Revolver Facility into a post-Effective Date revolver facility.

  • The Exit Facilities include (i) the Exit Revolver Facility that will be utilized to “roll” the Prepetition Revolver Facility into a post-Effective Date revolver facility, and (ii) theExit Term Loan Facility that will be used to make distributions under the Plan, to satisfy certain Plan-related expenses, and to fund the Reorganized Debtors’ working capital needs.

  • On the Effective Date, the Reorganized Debtors shall enter into the Exit Revolver Facility, the final form and substance of which shall be acceptable to the Reorganized Debtors and the Plan Sponsor, provided, however, that this provision shall not diminish the Plan Sponsor’s obligations under section 3(a)(1) of the Plan Support Agreement to act in a commercially reasonable manner.

  • In full satisfaction of and in exchange for each Allowed Prepetition Revolver Facility Claim, each holder of an Allowed Prepetition Revolver Facility Claim shall receive a Pro Rata share of the Exit Revolver Facility.


More Definitions of Exit Revolver Facility

Exit Revolver Facility means that new revolving credit facility in the amount of no less than
Sample 1
Exit Revolver Facility means the revolving loan facility that may be entered into between the Reorganized ABT and the Prepetition SWK Secured Parties in connection with the effectiveness of the Plan and pursuant to the Exit Revolver Loan Documents.
Sample 1
Exit Revolver Facility means that certain exit financing facility to be entered into by the Reorganized Debtors on or prior to the Effective Date, the obligations under which shall be secured by a first priority security interest in substantially all of the Reorganized Debtors’ assets.
Sample 1
Exit Revolver Facility means that new revolving credit facility in the amount of no less than$200 million and up to $400 million to be entered into by the Debtors, which shall be in form and substance acceptable to the Debtors, the Exit Revolver Facility Agent, the Exit Revolver Facility Arrangers, the lenders under the Exit Revolver Facility, and reasonably acceptable to the Required Consenting Lenders and shall be on terms consistent with Sections 3.01(a)(ii)-(iv) of the Restructuring Support Agreement, the Plan Support Agreement, and the Term Sheets in all respects.
Sample 1

Related to Exit Revolver Facility

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Replaced Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Extended Revolving Facility Commitment shall have the meaning assigned to such term in Section 2.21(e).

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Applicable Revolving Credit Percentage means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentage in respect of the Revolving Credit Facility at such time.

  • Existing Revolver Tranche has the meaning set forth in Section 2.16(b).

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Initial Revolving Facility means the Initial Revolving Credit Commitments and the Initial Revolving Loans and other extensions of credit thereunder.

  • Additional Revolving Facility means any revolving credit facility added pursuant to Sections 2.22, 2.23 or 9.02(c)(ii).

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).