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Common use of Exit Facility Clause in Contracts

Exit Facility. The Exit Facility, in form and substance reasonably acceptable to the Required Plan Sponsors, shall have become effective.

Appears in 2 contracts

Sources: Backstop Commitment Agreement, Restructuring Support Agreement (Chesapeake Energy Corp)

Related Clauses

  • Credit Facility
  • Term Loan Facility
  • Credit Facilities
  • Refinancing Facilities
  • Loan Facility

Parent Clauses

  • Conditions to the Obligations of the Parties
  • Miscellaneous
  • Conditions to the Obligations of the Debtors
  • Sources of Consideration for Plan Distributions
  • Conditions to the Obligations of the Commitment Parties

Sub-Clauses

  • Payments
  • General Provisions
  • Spare Engines
  • Security
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