Exit Agent definition
Examples of Exit Agent in a sentence
The sole recourse of the Exit Agent, the Lenders and any other Person with respect to such obligations and liabilities shall be against trust assets of Life Partners Position Holder Trust available for the payment of such obligations and liabilities.
The Exit Agent and the Lenders shall have received (i) audited consolidated balance sheets, income statements and statements of cash flow of Cutera, Inc.
The Exit Agent shall have received (i) the Credit Agreement, executed and delivered by Holdings and the Borrower, (ii) the Guarantee and Collateral Agreement, executed and delivered by Holdings, the Borrower and each Subsidiary Guarantor party thereto, and (iii) such other security and collateral documents as are required to provide the Exit Agent with a first priority security interest (subject to exceptions and qualifications reasonably acceptable to the Exit Facility Lenders) in the Collateral.
The Exit Agent and each Lender shall have received a customary legal opinion of Ropes & Gray LLP, counsel to the Credit Parties, dated as of the Closing Date, addressed to the Exit Agent and the Exit Facility Lenders, and in form and substance reasonably satisfactory to the Exit Agent and the Required Lenders.
The proceeds of the Exit Facility Loans will be used solely (i) to finance the Borrower’s and the other Loan Parties’ exit from the Chapter 11 Cases, (ii) to refinance the obligations outstanding under the DIP Facility, (iii) for general corporate and working capital purposes, and (iv) to pay related transaction fees and expenses of the Exit Agent, the Required Exit Lenders and the other Secured Parties (to be defined in the Exit Facility Documentation).