RBL Facility means the senior secured credit facility established under the RBL Credit Agreement.
RBL Facility means the credit agreement dated as of May 24, 2012 by and among Holdings, the guarantors named therein, the financial institutions named therein, and JPMorgan Chase Bank, N.A., as administrative agent, as amended, restated, supplemented, waived, replaced (whether or not upon termination, and whether with the original lenders or other lenders), restructured, repaid, refunded, refinanced or otherwise modified from time to time pursuant to any amendment thereto or pursuant to a new loan agreement with other lenders, governed by a borrowing base set by the lenders, extending the maturity thereof, refinancing, replacing or otherwise restructuring all or any portion of the Indebtedness under such agreement or under any successor or replacement agreement or increasing the amount loaned thereunder or altering the maturity thereof.
RBL Facility means (i) the Credit Agreement dated as of May 24, 2012, among the Company, EPE Holdings LLC, the lenders and agents party thereto from time to time and the RBL Facility Agent, as amended, restated, supplemented, waived, replaced (whether or not upon termination, and whether with the original lenders or otherwise), restructured, repaid, refunded, refinanced or otherwise modified from time to time, including any agreement or indenture extending the maturity thereof, refinancing, replacing or otherwise restructuring all or any portion of the Indebtedness under such agreement or agreements or indenture or indentures or any successor or replacement agreement or agreements or indenture or indentures or increasing the amount loaned or issued thereunder or altering the maturity thereof (except to the extent any such refinancing, replacement or restructuring is designated by the Company to not be included in the definition of “RBL Facility”), and (ii) whether or not the facility referred to in clause (i) remains outstanding, if designated by the Company to be included in the definition of “RBL Facility” and subject to the satisfaction of the requirements set forth in Section 5.14, one or more (A) debt facilities or commercial paper facilities, providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to lenders or to special purpose entities formed to borrow from lenders against such receivables) or letters of credit, (B) debt securities, indentures or other forms of debt financing (including convertible or exchangeable debt instruments or bank guarantees or bankers’ acceptances) or (C) instruments or agreements evidencing any other Indebtedness, in each case, with the same or different borrowers or issuers and, in each case, as amended, supplemented, modified, extended, restructured, renewed, refinanced, restated, replaced or refunded in whole or in part from time to time.
Examples of RBL Facility in a sentence
Plan Distributions of Cash shall be funded from the Debtors’ Cash on hand as of the applicable date of such Plan Distribution and from the proceeds of the Equity Rights Offerings and Exit RBL Facility.
On the Effective Date, the Reorganized Debtors shall enter into the Exit RBL Facility, the proceeds of which may be used to (i) provide the Reorganized Debtors with additional liquidity for working capital and general corporate purposes, (ii) pay all reasonable and documented Restructuring Expenses, and (iii) fund Plan Distributions.
On the Effective Date, the proceeds of the Rights Offering may be used: (i) to pay down a portion of the DIP Facility and the Prepetition RBL Facility; (ii) pay all reasonable and documented Restructuring Expenses; (iii) fund Plan Distributions, case administration expenses, and exit costs; and (iv) provide the Reorganized Debtors with additional liquidity for working capital and general corporate purposes.
The Reorganized Debtors that are the guarantors under the Exit RBL Facility shall issue the guarantees and grant the Liens and security interests as provided therein.
Neither the RBL Facility Agent nor any Other First-Priority Lien Obligations Agent shall be obligated to follow instructions from the Applicable Second Lien Agent in contravention of this Agreement.
More Definitions of RBL Facility
RBL Facility means the reserve-based lending revolving credit facility pursuant to the RBL Credit Agreement.
RBL Facility means the collective reference to the RBL Credit Agreement, any RBL Credit Documents, any notes and letters of credit issued pursuant thereto and any guarantee, security agreement, patent and trademark security agreement, mortgages, letter of credit applications and other guarantees, pledge agreements, security agreements and collateral documents, and other instruments and documents, executed and delivered pursuant to or in connection with any of the foregoing, in each case as the same may be amended, supplemented, waived or otherwise modified from time to time, or refunded, refinanced, restructured, replaced, renewed, repaid, increased or extended from time to time (whether in whole or in part, whether with the original agent and lenders or other agents and lenders or otherwise, and whether provided under the original RBL Credit Agreement or one or more other credit agreements, indentures or financing agreements or otherwise). Without limiting the generality of the foregoing, the term “RBL Facility” shall include any agreement (i) changing the maturity of any Indebtedness incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Borrower as additional borrowers or guarantors thereunder, (iii) subject to Section 7.03, increasing the amount of Indebtedness incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.
RBL Facility means this Agreement and the Commitments and the extensions of credit made hereunder.
RBL Facility means that certain Credit Agreement dated as of June 12, 2014, among New Gulf Resources, LLC, as borrower, MidFirst Bank, as
RBL Facility means any debt facility made available to the Borrower pursuant to (a) the RBL Credit Agreement, (b) any Priority Substitute Credit Facility and (c) any Additional Priority Lien Debt Facility, which, in each case, shall satisfy the following conditions: (A) such facility is RBL Compliant and (B) no such facility shall provide for an all-in yield (calculated including original issue discount, but excluding increases (i) in the underlying London interbank rate or base rate not caused by any amendment, supplement, modification, or replacement of the applicable RBL Facility, (ii) resulting from the accrual of interest at the default rate, (iii) resulting solely from movements across the pricing grid set forth in the RBL Credit Agreement or any other RBL Facility (so long as the pricing grid is the same as in the RBL Credit Agreement) (provided that any modification of the pricing grid to increase the cost of financing shall be included), or (iv) resulting from customary consent, amendment, arrangement and engagement fees) more than 2.25% per annum in excess of the total yield on Debt outstanding under the RBL Credit Agreement as in effect on the date hereof. For the avoidance of doubt, the limitations in clause (B) above shall not apply to (1) any borrowing base increase fees, (2) any upfront fees paid in syndication or in connection with any borrowing base increase, (3) customary consent, amendment, arrangement and engagement fees, (4) letter of credit issuance fees, or (5) fees which may be payable only to the administrative agent, acting in such capacity, or to the issuing bank under the applicable RBL Facility, acting in such capacity, in each case, whether payable at one time or in multiple installments; provided, that any upfront fees, engagement or arrangement fees, or borrowing base increase fees payable to Priority Lien Secured Parties (as defined in the Intercreditor Agreement) shall not exceed, in the aggregate after the date of this Agreement, 2.50% of the Priority Lien Priority Obligations (as defined in the Intercreditor Agreement) outstanding as of the date hereof.
RBL Facility means the credit agreement dated as of May 24, 2012 by and among Holdings, the guarantors named therein, the financial institutions named therein, and JPMorgan Chase Bank, N.A., as administrative agent, as amended, restated, supplemented, waived, replaced (whether or not upon termination, and whether with the original lenders or other lenders), restructured, repaid, refunded, refinanced or otherwise modified from time to time pursuant to any amendment thereto or pursuant to a new loan agreement, in each case, with commercial bank lenders and governed by a borrowing base determined in accordance with customary oil and gas lending criteria, extending the maturity thereof, refinancing, replacing or otherwise restructuring all or any portion of the Indebtedness under such agreement or under any successor or replacement agreement or increasing the amount loaned thereunder or altering the maturity thereof (except to the extent any such refinancing, replacement or restructuring is designated by Holdings not to be included in the definition of “RBL Facility”).
RBL Facility means the revolving credit facility provided for in the RBL Credit Agreement.