RBL Lenders definition
Examples of RBL Lenders in a sentence
RBL Lenders The lenders under the Prepetition RBL Credit Agreement.
The terms of the hedging program, the Hedge Motion, ISDA, and the Hedge Order shall be in form and substance reasonably satisfactory to, in the case of hedging programs provided by Participating RBL Lenders, the Participating RBL Lenders and, in the case of hedging programs provided by third parties, such third parties and otherwise subject to the documentation principles set forth in paragraph 3 of the RSA.
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%.
The Agent shall have received counterparts of the Fourth Amendment to Second Amended and Restated Credit Agreement, dated as of the First Amendment Effective Date (the “RBL Amendment”), by and among the Issuer, the other Guarantors, the RBL Lenders party thereto, and the RBL Administrative Agent, in form and substance reasonably satisfactory to the Requisite Holders, certified as being true and complete by a Responsible Officer of the Issuer.
All accrued Commitment Fees will be fully earned and due and payable quarterly in arrears for the account of the RBL Lenders (other than any defaulting lenders) under the RBL Exit Facility and will accrue from and after the Closing Date.