Additional Exit Financing definition

Additional Exit Financing means additional non-convertible exit debt financing in an amount and on terms acceptable to the Debtors and reasonably acceptable to the Requisite First Lien Creditors, the proceeds of which shall be used to satisfy all or a portion of the First Lien Notes Claims, in whole or in part, in Cash on the Effective Date; provided, that any amount of Cash distributed to Holders of First Lien Notes Claims in lieu of all (but not less than all) the New Second Lien Debt on the Effective Date will result in a dollar-for-dollar reduction of the principal amount of the New Second Lien Debt otherwise issuable to the Holders of the First Lien Notes Claims.

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Examples of Additional Exit Financing in a sentence

The Exit Term Loan Documents shall contain affirmative and negative covenants determined in accordance with the Documentation Principles; provided, that the Exit Term Loan Documents will permit the incurrence of indebtedness and liens represented by any Additional Exit Financing Facility, on a senior, pari passu or junior basis and subject to customary intercreditor terms acceptable to the Required DIP Lenders and the Requisite Consenting Lenders.
The cash proceeds of any Additional Exit Financing shall be distributed to the holders of the First Lien Debt Claims under the Plan.
The terms of any such Additional Exit Financing shall be set forth in the Plan Supplement.
New Second Lien Debt On the Effective Date, except to the extent that the Debtors obtain any Additional Exit Financing, the Reorganized Debtors shall issue New Second Lien Debt with an aggregate principal amount equal to the New Second Lien Debt Amount to holders of First Lien Notes Claims.
Additional Exit Financing The Debtors may raise additional exit non-convertible debt financing on terms acceptable to the Debtors and reasonably acceptable to the Requisite Consenting Creditors, the proceeds of which shall be used to satisfy all or a portion of the First Lien Notes Claims in whole or in part in cash on the Effective Date (the “Additional Exit Financing”).

Exit Financing means the financing under the Exit Facility.
Refinancing Transactions means, collectively, the Refinancing Transactions (as defined in the Offering Memorandum).
Additional Financing has the meaning set forth in Section 16.3(a).
Alternative Financing has the meaning specified in Section 7.6(b).
Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).