Exit Financing Facility definition

Exit Financing Facility means a new revolving credit facility for the Reorganized Debtors with third party lender(s) for up to $100 million in revolving loans to fund the Reorganized Debtors’ working capital requirements and other general corporate purposes, with a borrowing base supported by eligible accounts receivable and inventory. The Exit Financing Facility may be secured only by a first priority lien on accounts receivable, inventory and deposit accounts (and the proceeds thereof) of Reorganized Spansion LLC and guarantors.
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Exit Financing Facility means the senior secured revolving credit facility in the anticipated aggregate amount of $120 million, that will be entered into by the Debtors on the Effective Date on substantially the terms set forth on Exhibit I.A.47.
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Exit Financing Facility means the senior secured term and revolving credit facilities in the anticipated aggregate amount of $250 million, that will be entered into by Core Mark Newco on the Effective Date on substantively the terms set forth on Exhibit 7 to the Disclosure Statement.
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Examples of Exit Financing Facility 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 Exit Financing Facility will be Secured by some or all of the collateral securing the Prepetition Credit Facility.

  • The Exit Financing Facility, among other things, shall (a) be effective on the Effective Date; (b) be a senior secured facility; (c) be of sufficient amount to satisfy the Debtors' outstanding obligations to any DIP Lender pursuant to a DIP Financing Order, as provided in Paragraph 3.7, as well as to provide sufficient liquidity for Reorganized Drug Emporium to operate in the ordinary course of its business; and, (d) contain terms and conditions in form and substance acceptable to Snyd▇▇'▇.

  • The Exit Financing Facility shall be in full force and effect, there shall exist no material breach of or default under the Exit Financing Facility, and any and all fees and expenses paid or payable by the Company or the Reorganized Debtors to any commercial bank or any other financial institution in connection with the Exit Financing Facility shall be as provided in the Commitment Letter and related side letters or for amounts otherwise reasonably acceptable to the Plan Investor.

  • For the avoidance of doubt, the Court will not retain exclusive jurisdiction with respect to the following documents entered into by the Reorganized Debtor on or after the Effective Date: (i) the Exit Financing Facility Credit Agreement, (ii) the Registration Rights Agreement, (iii) the New Eagle By-Laws, (iv) the New Eagle Charter, (v) the New Eagle Equity Warrant Agreement, (vi) the New Eagle MIP Option Agreements, and (vii) the New Eagle MIP Primary Equity Agreements.


More Definitions of Exit Financing Facility

Exit Financing Facility means a new financing facility, a copy of which will be attached hereto as Exhibit D-2, pursuant to the terms of (a) that certain Commitment Letter, dated January 13, 2003, between Kmart, as borrower, and General Electric Capital Corporation, Fleet Retail Finance, Inc., and Bank of America, N.A., as initial lenders, as the same may be amended, modified, or supplemented from time to time, a copy of which is attached hereto as Exhibit D-1, and (b) any and all additional documents related thereto filed in accordance with Article 7.12 of this Plan.
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Exit Financing Facility means the senior secured asset-based financing facility to be entered into by the Reorganized Debtors and the lender(s) thereunder as contemplated in Section 5.7. of this Plan, providing for the principal terms and conditions set forth on Plan Schedule 5.7 to be filed on or before the Exhibit Filing Date.
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Exit Financing Facility means a new financing facility pursuant to the terms of (a) that certain exit financing facility term sheet, as the same may be amended, modified, or supplemented from time to time, a copy of which is attached hereto as Exhibit C, and (b) any and all additional documents related thereto.
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Exit Financing Facility means the senior secured credit facility, reasonably acceptable to the First Lien Credit Facility Agent, the Informal Second Lien Lender Group3, and the Plan Sponsor, to be provided by the Exit Lender, which shall be secured by a first lien on all of the assets of the Reorganized Debtors.
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Exit Financing Facility means the credit facility to be provided under the New Credit Agree- ment.
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Exit Financing Facility means a revolving credit facility in the currently anticipated principal amount of $200,000,000, including a $60,000,000 letter of credit sub-facility and a $17,500,000 swingline loan sub-facility and a term loan in the currently anticipated principal amount of $50,000,000, which will be entered into by Reorganized KAC as “Borrower,” certain of the other Reorganized Debtors or their successors as “Borrowers” or as “Guarantors,” the JPMorgan Chase Bank, National Association, as “Administrative Agent” and the other financial institutions named therein on the Effective Date.
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Exit Financing Facility means the exit financing facility obtained by the Reorganized Debtors having a committed amount of at least two billion dollars ($2,000,000,000), which shall either be on terms and conditions consistent in all material respects with those set forth on the Commitment Letter, or to the extent inconsistent therewith, on terms and conditions acceptable to the Plan Investors.
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