Exit Term Loan Facility definition

Exit Term Loan Facility means the credit facility established under that certain Term Loan Credit Agreement, dated on or about the date hereof, between Venator Finance S.A.R.L and Venator Materials LLC, as Borrowers, Venator Materials PLC, as Holdings, Acquiom Agency Services LLC and Seaport Loan Products LLC, as Administrative Agent, Acquiom Agency Services LLC, as Collateral Agent, and the lenders, arrangers and agent parties thereto, as amended, restated, amended and restated, supplemented or otherwise modified (or refinanced) from time to time and including all related security and other loan documents thereunder.

Exit Term Loan Facility means the Exit Tranche A Term Loans and the Exit Tranche B Term Loans on terms and conditions (and in an amount) reasonably satisfactory to (a) the Requisite First Lien Lenders and(b) the Owners solely to the extent the provisions therein affect the legal and/or economic rights of the Owners.

Exit Term Loan Facility means the term loan credit facility in the aggregate principal amount of$58,000,000 (comprised of the New Money Exit Term Loan Facility and the DIP Term Loan Debt Consideration) provided for under the Exit Term Loan Credit Agreement.

Examples of Exit Term Loan Facility in a sentence

• Exit Term Loan Lenders holding a majority of the aggregate outstanding principal amount of Exit Term Loans, under the Exit Term Loan Facility (the “Required Exit Term Loan Lenders”).

• The lenders under the Exit Term Loan Facility (each an “Exit Term Loan Lender”; and, collectively, the “Exit Term Loan Lenders”) shall initially be the DIP Lenders and the lenders under the Prepetition Priming Credit Agreement (and/or one or more of their respective affiliates and/or related funds or accounts).

• New Warrants On the Effective Date, to the extent that the Reorganized Debtors enter into the Exit Term Loan Facility, Reorganized AAC shall issue warrants (the “New Warrants”), on the terms set forth on Exhibit 2, to the holders of DIP Facility Claims and Prepetition Priming Facility Claims in accordance with the terms of the Plan, the Exit Term Loan Facility documents and the new organizational documents, without the need for any further corporate or shareholder action.

• Subject to the satisfaction or waiver of the conditions set forth in the documents governing the Exit Term Loan Facility (as defined below), to the extent no DIP Facility is required, all amounts that would have been funded under such DIP Facility shall be funded as the Exit Term Loan Facility as set forth in Exhibit D-1.

• Amendments and waivers will require the vote of Lenders holding greater than 50.0% of the outstanding aggregate commitments and/or exposure under the Exit Term Loan Facility; provided that, with respect to certain matters relating to interest, fees or premium payments, payment priorities, maturity, certain collateral issues and other customary matters to be agreed, the consent of each Lender affected thereby will be required.

More Definitions of Exit Term Loan Facility

Exit Term Loan Facility means the new senior secured first lien second out term loan credit facility entered into by Reorganized Chaparral Parent, as borrower, the other Reorganized Debtors, the Exit Facility Agent, and the Exit Facility Term 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.

Exit Term Loan Facility means, as applicable, either the Backstop Exit Term Loan Facility or the Raised Exit Term Loan Facility.

Exit Term Loan Facility means a new $100 million – $200 million first lien last out term loan, with such amounts subject to change based on the Effective Date and interest accrued on RCF Claims through such date, at a rate of (at the Company’s option) L+600 bps (cash), L+1,000 bps (payment-in-kind), or L+800 bps (if 50% cash and 50% payment-in-kind), on terms substantially in the form set forth in this Plan, which will be pari passu with the Exit Notes and last out with respect to the first out Exit Revolving Credit Facility.

Exit Term Loan Facility means the Exit Tranche A Term Loans and the Exit Tranche B Term Loans on terms and conditions (and in an amount) reasonably satisfactory to (a) the Requisite First Lien Lenders and

Exit Term Loan Facility means a senior secured credit facility in a principal amount of $1,300,000,000.00 (as such amount may be adjusted with the consent of the Debtors and the Plan Sponsors), secured by a first Lien on substantially all assets of Hertz Corp and the Subsidiary Guarantors (except Donlen Corporation), which shall be on prevailing market terms, materially consistent with the Plan, and otherwise acceptable to the Debtors and the Plan Sponsors.

Exit Term Loan Facility and the term loans thereunder, the “Exit Term Loans”) in an aggregate principal amount equal to the aggregate outstanding principal amount of (x) the DIP Facility as of the Effective Date, plus (y) the Termination Payment (as defined in the DIP Commitment Letter) payable under the DIP Facility, and (z) the aggregate outstanding principal amount of loans outstanding under the Prepetition Priming Credit Agreement. Once repaid or prepaid, no portion of the Exit Term Loans may be reborrowed.

Exit Term Loan Facility means the Exit New Money Term Loan Facility and the Exit Takeback Term Loan Facility.