Exit Credit Agreement definition

Exit Credit Agreement means an agreement substantially in the form set forth in the Plan Supplement on account of (a)(i) the New First Priority Term Loan or (ii) an alternative exit-financing facility provided that the DIP Facility is paid in full in Cash on the Effective Date and (b) the Reinstated Euro Term Loan.
View Source
Exit Credit Agreement means that certain Credit Agreement to be entered into in connection with the Exit Facility, to be dated as of the Effective Date, by and among Reorganized Parent, as borrower, the Exit Agent, and the Exit Lenders, which shall be in form and substance consistent with the Exit Facility Term Sheet and otherwise acceptable to the Debtors, the Requisite Consenting Creditors, and the Exit Lenders (subject to the parties’ rights and obligations under the RSA).
View Source
Exit Credit Agreement means the credit agreement to be entered into on the Conversion Date as contemplated by the terms specified in the Exit Facility Term Sheet.
View Source

Examples of Exit Credit Agreement in a sentence

  • The Effective Date, subject to satisfaction or waiver by the Required Parties of the conditions precedent set forth in the Exit Credit Agreement (the “Closing Date”).

  • Upon the maturity (whether by acceleration or otherwise) of any of the Obligations under this Agreement or any of the other Loan Documents, subject to the terms of the Final Order, the Lenders shall be entitled to immediate payment (whether in cash or pursuant to a refinancing pursuant to the terms of the Exit Credit Agreement) of such Obligations without further application to or order of the Bankruptcy Court.

  • Each Lender hereto hereby agrees that, on the Conversion Date, the Administrative Agent (in its capacity as administrative agent under the Exit Credit Agreement) may execute and deliver the Exit Credit Agreement (and any guaranty contemplated thereby) on its own behalf and on behalf of each Lender.

  • Negative Covenants: Usual and customary, subject to the Documentation Principles and subject to customary and usual exceptions, qualifications and “baskets” to be mutually agreed and set forth in the Exit Credit Agreement, which shall include a customary cumulative credit basket.

  • Notwithstanding anything to the contrary contained herein or in any other Note Security Document, neither the Issuers nor the Guarantors shall be required to take any of the actions described in Section 5.13 and Schedule 5.13 of the Exit Credit Agreement with respect to the Collateral until the time periods set forth in Section 5.13 and Schedule 5.13 of the Exit Credit Agreement have expired.


More Definitions of Exit Credit Agreement

Exit Credit Agreement means that certain credit agreement evidencing the Exit Facility in accordance with the terms, and subject in all respects to the conditions, as set forth in this Agreement and the Restructuring Term Sheet.
View Source
Exit Credit Agreement means that certain credit agreement evidencing the Exit Facility in accordance with the terms, and subject in all respects to the conditions, as set forth in this Agreement.
View Source
Exit Credit Agreement means either (i) the Exit Facility Agreement, as defined in the DIP Credit Agreement, which shall be in form and substance consistent with the requirements set forth in the Exit Facility Term Sheet, or (ii) a new credit agreement of one of more of the Reorganized Debtors providing for the Exit Facility to be effective on the Effective Date.
View Source
Exit Credit Agreement means the credit agreement with respect to the Exit Facility, in form and substance reasonably acceptable to the Debtors, the Exit Facility Agent, the Exit Facility Lenders and the DIP Lenders and in substantially the form to be contained in the Plan Supplement.
View Source
Exit Credit Agreement means one or more credit agreements governing the Exit Credit Facility.
View Source
Exit Credit Agreement has the meaning specified in Section 2.17.
View Source
Exit Credit Agreement means the credit agreement to be entered into in connection with the Exit Term Loan Facility and the Exit Revolving Credit Facility (including any guarantee agreements, pledge and collateral agreements, and other security documents), which shall be materially consistent with the Plan and which shall be in form and substance acceptable to the Debtors and the Plan Sponsors in good faith.
View Source