Examples of First Lien Exit Facility in a sentence
On the Effective Date, the Reorganized Debtors shall enter into the First Lien Exit Facility, the terms of which will be set forth in the First Lien Exit Facility Documents.
On the Effective Date, the Reorganized Debtors shall enter into the New First Lien Exit Facility.
In addition, the First Lien Credit Agreement Agent and Second Lien Note Trustee shall execute and deliver all documents reasonably requested by the Debtors, Reorganized Debtors, or administrative agent(s) for the New First Lien Exit Facility to evidence the release of such mortgages, deeds of trust, Liens, pledges, and other security interests and shall authorize the Reorganized Debtors to file UCC-3 termination statements (to the extent applicable) with respect thereto.
In establishing the register of lenders, commitments, and loans for the First Lien Exit Facility, the First Lien Exit Facility Agent shall be entitled to conclusively rely upon (without further inquiry) any certificate, schedule, register, list, or other document provided by the Debtors, the Reorganized Debtors and/or the Disbursing Agent.
Any letters of credit issued under the DIP Facility or issued under the 2012 Credit Agreement and deemed to be issued under the DIP Facility shall be deemed to be issued under the First Lien Exit Facility or cash collateralized at 103% of any letter of credit exposure.