Term Exit Facility definition

Term Exit Facility means that certain term loan credit facility in the aggregate amount of $120 million to be provided to the Reorganized Debtors on the Consummation Date, governed by the New Term Credit Agreement.
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Term Exit Facility means that certain credit facility described in the Term Exit Facility Commitment Letter.
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Term Exit Facility means the $50 million term loan facility, which will have the terms set forth in the Term Exit Facility Documents.
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Examples of Term Exit Facility in a sentence

  • Mandatory prepayments shall be applied, without premium or penalty, subject to reimbursement of the Lenders’ reasonable and documented redeployment costs in the case of a prepayment of Adjusted LIBOR borrowings other than on the last day of the relevant interest period, on a pro rata basis to the Term Exit Facility and any Incremental Term Facility under the Term Exit Facility Documentation and to scheduled amortization payments thereof in direct order of maturity.

  • The Debtors shall fund distributions under the Plan with cash on hand, the proceeds of the Exit Facilities and Alternate Term Exit Facility (as applicable) and by the issuance of the New Equity.

  • All conditions precedent to the effectiveness of the Exit Facilities Documents and Alternate Term Exit Facility Documents (as applicable) shall have been satisfied contemporaneously or duly waived.

  • Amortization: The Term Exit Facility will amortize in equal quarterlyinstallments in aggregate annual amounts equal to 1.0% of the original principal amount of the Term Exit Facility, commencing on the last business day of the first full fiscal quarter ending after the Closing Date, with the balance payable on the Term Maturity Date.

  • Applicants may appeal denied permits, or permits granted with conditions that the applicant believes to be unreasonable, in writing to the Department’s District Traffic office Engineer within thirty (30) days of receipt of written notification of the denial or grant of the permit.

  • On the Effective Date, the Debtors’ total outstanding long- term debt obligations will be approximately $58 million, comprised of approximately $53 million borrowed and outstanding under the Term Exit Facility and approximately $4.9 million borrowed and outstanding under the Revolving Exit Facility.

  • Based upon the extensive negotiation and coordination with, and input from, advisors to the Ad Hoc Committee, the Debtors are of the opinion that all definitive agreements and related documentation (except for the definitive documentation of the Revolving Exit Facility and the Term Exit Facility which have not been fully negotiated or drafted as of the date hereof) fully comply with the terms and conditions set forth in the Plan Support Agreement.

  • On the Effective Date, Reorganized IES and certain of the IES Subsidiaries, as borrowers, and each of its non-borrower Reorganized Subsidiaries, as guarantors, will enter into two Exit Facilities, which will consist of the Revolving Exit Facility and the Term Exit Facility.

  • In the event that, at any time following the Effective Date, CEH identifies one or more Covered Products manufactured, distributed, or sold by Settling Defendant that CEH believes in good faith exceed the Cadmium Limit, CEH may issue a Notice of Violation pursuant to this Section.

  • As of the Effective Date, all property of the Reorganized Debtors shall be free and clear of all Claims, encumbrances, Equity Interests, charges and Liens except as specifically provided or contemplated in the Plan, in connection with the Revolving Exit Facility, the Term Exit Facility, or in the Confirmation Order.

Related to Term Exit Facility

  • Exit Facility means a credit facility that will be entered into by the City, the Exit Facility Agent and the other financial institutions party thereto on the Effective Date on substantially the terms set forth on Exhibit I.A.119.

  • Exit Facilities means, collectively, the Exit ABL Facility and the Exit Term Loan Facility.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Exit Facility Documents means, collectively, the Exit Credit Agreement, and all other agreements, documents, and instruments delivered or entered into in connection with the Exit Facility, including any guarantee agreements, pledge and collateral agreements, intercreditor agreements, subordination agreements, fee letters, and other security documents

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Existing Credit Facility means the credit facility evidenced by that certain Credit Agreement, dated as of October 26, 2006, by and among the Borrower, the lenders party thereto, and JPMCB, as administrative agent, as amended.

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Exit Facility Agent means the agent under the Exit Facility.

  • New Credit Facility is defined in Section 9.8.

  • Credit Facility Agreement means the Credit Facility and Reimbursement Agreement dated as of May 1, 2003, between the Bond Bank and the Bank providing for the timely payment, when due, of a portion of the principal of and interest on the Notes, all subject to such conditions and under such terms as described in Article X of the Indenture.

  • Exit Facility Term Sheet means the Exit Facility Term Sheet attached as Exhibit 2 to Exhibit B of the Restructuring Support Agreement.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.7.

  • Incremental Facilities has the meaning assigned to such term in Section 2.22(a).

  • Incremental Facility Amendment has the meaning assigned to such term in Section 2.20(f).

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Exit Financing means the financing under the Exit Facility.

  • Existing Credit Facilities means, collectively, the Existing U.S. Credit Facilities and the Existing Foreign Credit Facility.

  • Bridge Facility means the Commitments and any Advances made thereunder.