Exit Facility. The Exit Facility shall have become effective, provide for a $1,100,000,000 initial borrowing base limit with undrawn capacity of no less than $125,000,000 and shall otherwise be in form and substance substantially in accordance with the Restructuring Term Sheet, or as otherwise set forth in the Plan and with the consent of the Requisite Commitment Parties.
Appears in 2 contracts
Sources: Backstop Commitment and Equity Investment Agreement (Vanguard Natural Resources, Inc.), Backstop Commitment and Equity Investment Agreement (Vanguard Natural Resources, LLC)