Examples of RBL Lender in a sentence
On the Effective Date, the proceeds of the Rights Offering shall be used: (i) to repay in full in cash all Allowed DIP Claims, (ii) to pay the Exit RBL Lender Cash Election Amount to each holder of an Allowed First Lien RBL Claim that makes an Exit RBL Lender Cash Election, and (iii) for investment opportunities that are approved by the Debtors and the Requisite Backstop Parties.
On the Effective Date, any RBL Lender Adequate Protection Claims shall be deemed to be waived and released by the RBL Lenders.
Any RBL Lender that is not a Consenting RBL Lender can join this Agreement at any time prior to the Voting Deadline (as defined in the Plan) by executing a Joinder in the form attached to this Agreement (and by executing a joinder to the Exit Facility Commitment Letter in accordance with the terms thereof) and delivering an executed copy of each to counsel to the Company Parties and counsel to the Consenting RBL Lenders in accordance with Section 12.10.
Each RBL Lender shall also receive, as part of the treatment of its Obligations under the Plan, a pro rata share of cash in an amount equal to the Initial Availability Amount on the Plan Effective Date (in addition to, and not in lieu of, any other cash payments provided in the Plan).
For the avoidance of doubt, no Prepetition RBL Lender that is not an Initial Commitment Party shall be permitted to join this Commitment Letter unless such Prepetition RBL Lender commits to join both the DIP Facility and the Exit Revolving Facility.
Address for Notice: 000 Xxxx Xxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Attention: Xxxxx XxXxxxxx Facsimile: 000-000-0000 Bank of America, N.A. (“Lender”), soley in respect of its GBAM Special Assets Group (SAG) and not any other desk, unit, group, division, or affiliate of Lender as a Supporting RBL Lender By: /s/ Xxxxx X.
The treatment of Allowed Administrative Expense Claims, Allowed Professional Fee Claims, DIP Facility Claims, RBL Lender Adequate Protection Claims, Allowed Priority Tax Claims, and statutory fees imposed by 28 U.S.C. § 1930 under Article I of the Plan, and of Allowed Other Priority Claims under Article III of the Plan, satisfies the requirements of, and complies in all respects with, section 1129(a)(9) of the Bankruptcy Code.
Xxxxxxx Title: Senior Vice President as a Consenting RBL Lender By: /s/ Jxxxxxx X.
State, 848 N.W.2d 22, 33–34 (Iowa 2014) (Mansfield, J., concurring specially) (“In some respects, we are using ineffective assistance as a substitute for a plain error rule, which we do not have in Iowa Even as we use the terminology ‘ineffective assistance’ asa tool to review criminal convictions, I think is especially important that we do not appear to be criticizing counsel when we are talking about a legal construct of this court .
Reorganized Midstates will pay to the Agent, for the ratable benefit of each RBL Lender (excluding defaulting lenders), the following fees: (i) on the Plan Effective Date, a non-refundable upfront fee in an aggregate amount equal to 0.50% of the Commitment on the Plan Effective Date, and (ii) quarterly in arrears on the first day of each calendar quarter, a commitment fee calculated on the average daily amount of the Availability at a per annum rate equal to 0.50%.