Exit Revolving Facility definition

Exit Revolving Facility means the senior secured revolving credit facility into which the DIP Revolving Facility will convert on the Conversion Date upon satisfaction of the conditions set forth in Annex II to this Agreement. On the Conversion Date, the Revolving Credit Facility in the amount of $625,000,000 constitutes the Exit Revolving Credit Facility as of such date.

Exit Revolving Facility means the new money senior secured reserve-based facility subject to a borrowing base, on the terms set forth in the Exit Facility Credit Agreement.

Exit Revolving Facility means the new senior secured first lien first out revolving credit facility entered into by Reorganized Chaparral Parent, as borrower, the other Reorganized Debtors, the Exit Facility Agent, and the Exit Facility Revolving Lenders under the Exit Facility Loan Documents, which facility shall be (x) a part of, and exist under, the Exit Facility Credit Agreement and (y) consistent with the Exit Facility Term Sheet and which shall be in form and substance subject to the Creditor Approval Rights.

Examples of Exit Revolving Facility in a sentence

• Under the Plan, notwithstanding anything to the contrary in Article XI therein, the Exit Revolving Facility, the Exit Revolving Credit Agreement and the Exit Second Lien Facility (and all related loan documents) shall be governed by the jurisdictional provisions therein and the Court shall not retain jurisdiction for matters under those agreements.

• A credit union may request in writing an exemption from the director for the aggregate limit.

• Gymboree’s pro forma exit capital structure would consist of (a) a 225 million dollar Exit Revolving Facility, (b) a 48.5 million dollar Exit ABL Term Loan Replacement Facility, (c) a 35 million dollar Exit Term Loan Facility, and (d) the New Gymboree Common Shares.322 Specifically, the Plan contemplated the following restructuring transactions:323 318 Id. 319 Id. at 9.

• Personnel in charge of surveillance are not fully aware of the surveillance approach.

• Failure of any of those conditions could result in the loss of the proposed Exit Revolving Facility and the non-refundable commitment fee.

More Definitions of Exit Revolving Facility

Exit Revolving Facility means the revolving credit facility of the Issuer issued under the Exit Restated Credit Agreement upon the Conversion Date.

Exit Revolving Facility means the senior secured revolving credit facility to which the DIP Revolving Facility will convert into upon satisfaction of the conditions set forth in Annex I to Exhibit B of the DIP Revolving Credit Agreement.

Exit Revolving Facility. On the Exit Facility Conversion Date, the DIP Facility and the remaining principal amount of any Prepetition RBL Claims (if any) of each Prepetition RBL Lender that is also a DIP Lender(8) (as defined below) will, subject to the terms and conditions set forth herein, automatically be converted to a senior secured, first-out, revolving credit facility subject to a Borrowing Base (as defined below) and with commitments in an aggregate maximum principal amount of up to $629,420,912 less the aggregate principal amount of the Exit Term

Exit Revolving Facility means a new first lien revolving credit facility to be provided by the Revolving Facility Lenders pursuant to the Exit Revolving Credit Agreement entered into on the Effective Date and having the terms and conditions set forth on the term sheet attached as Exhibit E to the Restructuring Support Agreement and otherwise in form and substance reasonably satisfactory to the Required Supporting Parties.

Exit Revolving Facility means a revolving credit facility to be entered into by the Reorganized Debtors on the Effective Date, in such amount and on such terms as are reasonably satisfactory to the Debtors and the Ad Hoc Committee of Secured Noteholders.

Exit Revolving Facility means that certain senior, secured, first-lien “first-out” reserve-based revolving credit facility arising under the Exit Facility Credit Agreement and having terms consistent with the Exit Facility Term Sheet and on such other terms as set forth in the Exit Facility Credit Agreement and the other Exit Facility Documents.

Exit Revolving Facility means the new senior secured first-lien first-out revolving credit facility that will be effectuated on the Plan Effective Date in accordance with the Exit Facility Credit Agreement and the Plan.