Common use of Exit Facility Clause in Contracts

Exit Facility. The Exit Facility if it is to be entered into pursuant to the Plan, shall have become effective and shall be subject to the reasonable approval of the Requisite Members of the Noteholder Steering Committee;

Appears in 2 contracts

Sources: Private Placement Agreement, Private Placement Agreement (Peabody Energy Corp)

Exit Facility. The Exit Facility Facility, if it is to be entered into pursuant to the Plan, shall have become effective and shall be subject to the reasonable approval of the Requisite Members of the Noteholder Steering Committee;

Appears in 1 contract

Sources: Backstop Commitment Agreement (Peabody Energy Corp)