Exit Term Loans definition

Exit Term Loans means the term loans to be issued under the Exit Term Facility.
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Exit Term Loans means the loans made to the Company pursuant to the Exit Facility.
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Exit Term Loans means the term loans made to the Borrower Agent under the Exit Term Loan Credit Agreement.
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Examples of Exit Term Loans in a sentence

  • The Convertible A Exit Notes, the Exit Term Loans, the Convertible B Exit Notes, and the Take Back Term Loans will be subject to an intercreditor agreement with respect to their common collateral.

  • Upon the occurrence and during the continuance of an Event of Default, the Cash Interest Rate on the Exit Term Loans shall accrue at an additional 2% per annum.

  • Exit Term Loan Lenders holding a majority of the aggregate outstanding principal amount of Exit Term Loans, under the Exit Term Loan Facility (the “Required Exit Term Loan Lenders”).

  • The obligations of the Exit Term Loan Commitment Parties to purchase such Exit Term Loans as described in this Section 2.7 shall be referred to as the “Exit Term Loan Backstop Commitment”.

  • Backstop Commitment Pursuant to the Backstop Commitment Letter, the Backstop Commitment Parties will, in the allocations set forth on Schedule 1 thereto, (a) provide 50% of the DIP Term Loans and First Out Exit Term Loans and (b) provide any DIP Term Loans and First Out Exit Term Loans not provided by other Prepetition Term Lenders in accordance with the syndication process described above.


More Definitions of Exit Term Loans

Exit Term Loans has the meaning set forth in the Restructuring Term Sheet.
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Exit Term Loans means, collectively, the Exit First Lien Term Loans and the Exit Second Lien Term Loans.
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Exit Term Loans means First-Out Exit Term Loans and Second-Out Exit Term Loans.
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Exit Term Loans means the term loans provided under the Exit Facility on the terms and conditions set forth in the Exit Facility Credit Agreement, which shall include the First Out Exit Term Loans and the Second Out Exit Term Loans.
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Exit Term Loans means the loans under the Exit Term Loan Facility.
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Exit Term Loans means the loans made under the Exit Term Facility. The aggregate principal amount of Exit Term Loans as of the Effective Date shall equal (x) the aggregate principal amount of DIP Loans outstanding immediately prior to the Effective Date, plus (y) the Total Exit Fee (as defined in the DIP Credit Agreement).
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Exit Term Loans means the loans that shall be deemed on the Effective Date to be outstanding under the Exit Term Loan Credit Agreement.
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