Exit Term Loan Facility Credit Agreement definition

Exit Term Loan Facility Credit Agreement means the credit agreement governing the Exit Term Loan Facility, which shall (i) be on the terms set forth in the Exit Term Loan Facility Term Sheet and otherwise in accordance with the Restructuring Support Agreement, on terms acceptable to the Super-Majority Consenting Term Loan Lenders and (ii) become effective on the Effective Date.

Exit Term Loan Facility Credit Agreement means the credit agreement between the Reorganized Debtors and the lenders party thereto to effectuate the Exit Term Loan Facility.

Exit Term Loan Facility Credit Agreement means the credit agreement or credit agreements, in substantially the form Filed with the Plan Supplement, which credit agreement or credit agreements shall contain terms and conditions consistent in all respects with those set forth in the Exit Term Loan Facility Term Sheet.

Examples of Exit Term Loan Facility Credit Agreement in a sentence

• On and as of the Effective Date, all Electing DIP Lenders and Holders of Allowed First Lien Claims shall be deemed to be parties to, and bound by, the Exit Term Loan Facility Credit Agreement, without the need for execution thereof by any such DIP Lender or Holder of an Allowed First Lien Claim.

• On and as of the Effective Date, all Persons or Entities entitled to Plan consideration in the form of Exit Term Loan Facility Loans in accordance with this Plan shall be deemed to be parties to, and bound by, the Exit Term Loan Facility Credit Agreement, without the need for execution thereof by any such Person or Entity.

• Execution of the Exit Term Loan Facility Credit Agreement by the Exit Term Loan Facility Agent shall be deemed to bind all Holders of First Lien Claims and all Exit Term Loan Facility Lenders as if each such Holder or Exit Term Loan Facility Lender had executed the Exit Term Loan Facility Credit Agreement with appropriate authorization.

• Each party hereto agrees that this Commitment Letter is a binding and enforceable agreement with respect to the subject matter contained herein or therein (including, without limitation, an obligation to negotiate the Exit Term Loan Facility Credit Agreement and the related documentation in good faith).

• The Exit Term Loan Facility Credit Agreement shall be binding on all parties receiving, and all Holders of, the loans under the Exit Term Facility.

More Definitions of Exit Term Loan Facility Credit Agreement

Exit Term Loan Facility Credit Agreement means the credit agreement governing the Exit

Exit Term Loan Facility Credit Agreement means the credit agreement with respect to the Exit Term Loan Facility, as may be amended, supplemented, or otherwise modified from to time.

Exit Term Loan Facility Credit Agreement means the definitive financing agreement for the Exit Term Loan Facility, in substantially the form of Exhibit 7 to this Plan (to be filed with the Plan Supplement) and in form and substance reasonably satisfactory to the Debtors and the Ad Hoc Committee of Secured Noteholders; provided, however, that if the Debtors elect to convert the DIP Term Facility Claims into the Exit Term Loan Facility on the Effective Date in accordance with and on the terms set forth in the DIP Term Facility Commitment Letter, the Exit Term Loan Facility Agreement shall be satisfactory in all respects to the Debtors and the DIP Term Facility Lenders.

Exit Term Loan Facility Credit Agreement has the meaning specified in Section 2.12(b).

Exit Term Loan Facility Credit Agreement means that certain senior secured creditagreement, dated as of the Effective Date with respect to certain of the Reorganized Debtors (as may be amended, restated, amended and restated, supplemented, or modified from time to time, solely in accordance with the terms thereof), and containing terms substantially consistent with the Exit Term Loan Facility Term Sheet.

Exit Term Loan Facility Credit Agreement means that certain term loan credit agreement, annexed hereto as Exhibit 6.6, which shall be effective on the Effective Date, by and among certain of the Reorganized Debtors, the Exit Term Loan Facility Agent, and the Exit Term Loan Facility Lenders, as it may be amended, supplemented, amended and restated, or otherwise modified from time to time, which shall have lien priority over all other indebtedness of the Reorganized Debtors (other than, if applicable, the Exit Liquidity Facility), shall have a maturity date of five years after the Effective Date and shall bear interest at a rate of LIBOR plus 7.5% per annum payable-in-kind; provided that the Reorganized Debtors shall have the ability at any time to elect to pay interest at a rate of LIBOR plus 7% per annum payable in cash for any period.

Exit Term Loan Facility Credit Agreement means that certain Term Loan Facility Credit Agreement, dated as of May 1, 2023, by and among the Corporation, Avaya LLC, a Delaware limited liability company, the lending institutions from time to time parties thereto and Wilmington Savings Fund Society, FSB.