RBL Claims definition
Examples of RBL Claims in a sentence
Therefore, Holders of Class 3 RBL Claims are not entitled to vote to accept or reject the Plan.
Holders of Class 3 RBL Claims are conclusively presumed to have accepted the Plan pursuant to section 1126(f) of the Bankruptcy Code.
With respect to any distributions on the RBL Claims, distributions are to be made to the RBL Claim Agent.
The remaining Allowed RBL Claims (no more than $975 million) will be paid in full with the proceeds of a new $1,100 million RBL Facility (the “Exit Facility”) on terms substantially the same as the current RBL Facility and provided by some or all of the RBL Lenders, with such terms including an interest rate of LIBOR + 2.5%.
To the extent not paid in cash, holders of RBL Claims and Refinanced DIP Claims shall receive a distribution of commitments under the Exit Facility (in the manner set forth in the Exit Facility Term Sheet) in exchange for such RBL and Refinanced DIP Claims, on a Pro Rata basis.