Exit Credit Facility definition

Exit Credit Facility means a senior secured term and revolving debt facility of no more than

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Exit Credit Facility means the [$__] million revolving credit and term loan facility to be entered into on or before the Issue Date between the Company, ___________, as agent, and the lenders thereunder.

Exit Credit Facility means a reserve-based first lien revolving credit facility with such terms acceptable to the Required Consenting Noteholders, which may either be an amendment and restatement of the RBL Credit Agreement or a new facility, as determined by the Debtors and the Required Consenting Noteholders.

Examples of Exit Credit Facility in a sentence

Prohibition on incurrence of incremental debt, senior and pari passu debt (other than certain purchase money debt to be agreed) and limitation on the amount of debt allowed to be incurred under the ABL Exit Credit Facility.
Upon payment in full of the DIP Obligations (including all or in part as a result of the DIP Debt Conversion), the DIP Facility will terminate and be superseded and replaced in its entirety by the Exit Credit Facility.
Revolving loans under the Exit Credit Facility shall bear interest, at the Exit Borrower’s option, at a per annum rate based on 1, 2, or 3 month fully absorbed PNC LIBOR Rate or the Base Rate plus, in each case, the Exit Applicable Margin (as defined below); all swingline loans under the Exit Credit Facility shall bear interest at the Base Rate plus the Exit Applicable Margin.
The Exit Borrowers’ obligations under any Hedge Agreement entered into with Agent, a lender, or any of their affiliates in accordance with the preceding sentence will be secured by the Exit Collateral, and benefit from the guarantees of the Guarantors, in each case on a pari passu basis with the Exit Borrowers’ obligations under the Exit Credit Facility.
The Exit Borrowers may, at their option, enter into and maintain an interest rate swap agreement (the “Hedge Agreement”), which conforms to ISDA standards, enabling the Exit Borrowers to protect themselves against fluctuations in interest rates with respect to a mutually agreed amount of initial and projected outstanding advances under Exit Credit Facility with a final termination date no later than the Exit Maturity Date.

More Definitions of Exit Credit Facility

Exit Credit Facility means the term loan facility to be provided to the Company on the Effective Date pursuant to the Exit Credit Agreement.

Exit Credit Facility means the credit facility or facilities to be entered into by certain of the Reorganized Debtors after consultation with the Creditors’ Committee and Second Lien Group on the Effective Date.

Exit Credit Facility means the term loan facility encompassing the New First Out Term Loan Facility and the New Second Out Term Loan Facility to be provided to the Company on the Effective Date pursuant to the Exit Credit Agreement.

Exit Credit Facility means the reserve-based revolving credit facility available upon emergence from bankruptcy.

Exit Credit Facility means that certain $95 million secured senior revolving credit facility pursuant to the Senior Credit Agreement among Southwestern Life Holdings, Inc., the lenders parties thereto and ING (U.S.) Capital LLC, as agent dated as of the Effective Date.

Exit Credit Facility means the reserve-based first lien revolving credit facility pursuant to the Exit Loan Documents.

Exit Credit Facility means the reserve-based credit facility available upon emergence from bankruptcy. In December 2022, we terminated the Exit Credit Facility.

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