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Exit Term Loans definition

Exit Term Loans means the term loans made to the Borrower Agent under the Exit Term Loan Credit Agreement.
Exit Term Loans means the term loans issued under the Exit Facility.
Exit Term Loans means, collectively, the Exit First Lien Term Loans and the Exit Second Lien Term Loans.

Examples of Exit Term Loans in a sentence

  • The documentation governing the Exit Term Loans may be amended by Required Lenders (as defined below), subject to “sacred” rights acceptable to Required Consenting Term Lenders.

  • The Debtors shall make non-Cash distributions as required under the Plan in the form of Exit Term Loans, Exit ABL Loans and New Equity Interests.

  • The documentation governing the Exit Term Loans shall include customary intercreditor provisions giving effect to the senior nature of the First-Out Exit Term Loans, which shall be acceptable to the Required Consenting Term Lenders.

  • Subject to the Documentation Principles, the Exit Term Loans shall be secured by perfected liens on substantially all of the assets of the Exit Loan Parties, subject to usual and customary exceptions to be agreed, which shall be first priority liens on all Term Priority Collateral and second priority liens on all ABL Priority Collateral (each to be defined in a manner substantially similar to the Existing Intercreditor Agreement).


More Definitions of Exit Term Loans

Exit Term Loans has the meaning set forth in the Restructuring Term Sheet.
Exit Term Loans means the term loans provided under the Exit Term Loan Facility on the terms and conditions set forth in the Exit Term Loan Facility Credit Agreement, which shall include the DIP-to-Exit Term Loans, the Takeback Term Loans, the RO Term Loans, and the RO Backstop Term Loans.
Exit Term Loans means the loans that shall be deemed on the Effective Date to be outstanding under the Exit Term Loan Credit Agreement.
Exit Term Loans means First-Out Exit Term Loans and Second-Out Exit Term Loans.
Exit Term Loans means the loans made under the Exit Term Facility. The aggregate principal amount of Exit Term Loans as of the Effective Date shall equal (x) the aggregate principal amount of DIP Loans outstanding immediately prior to the Effective Date, plus (y) the Total Exit Fee (as defined in the DIP Credit Agreement).
Exit Term Loans means the term loans provided under the Exit Facility on the terms and conditions set forth in the Exit Facility Credit Agreement, which shall include the First Out Exit Term Loans and the Second Out Exit Term Loans.
Exit Term Loans has the meaning set forth in the Exit Term Loan Term Sheet.