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.
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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.
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Exit Revolver Facility means that new revolving credit facility in the amount of no less than
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Examples of Exit Revolver Facility in a sentence

  • 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.

  • This interpretation is, however, based on a brief field observation and not on a detailed analysis (Clarke 1994: 5).

  • 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.

  • 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.

  • Documents, including the Exit Revolver Facility Credit Agreement, as contemplated by, and which shall be consistent with, the Exit Financing Term Sheets.

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

  • 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.

  • 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) the Exit 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.

  • Under the Plan, the Reorganized Debtors will also enter into the Exit Term Loan Facility and, if necessary, an Exit Revolver Facility, the proceeds of which shall be used to fund the Debtors’ and Reorganized Debtors’ obligations under the Plan, provide liquidity and working capital to the Reorganized Debtors, and for general corporate purposes.

  • Depending on departmental policy, the faculty member may consult with their department chair and/or program director, without divulging the student’s name.


More Definitions of Exit Revolver Facility

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.
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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.
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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.
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Exit Revolver Facility means an asset-based revolving credit facility (if
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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 2.7.

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

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

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

  • 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.

  • 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.

  • 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.

  • Exit ABL Facility means the asset-based revolving credit facility provided for under the Exit ABL Credit Agreement.

  • 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).

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Refinancing Revolving Credit Commitments shall have the meaning provided in Section 2.15(b)(i).

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.