Additional Exit Financing definition

Additional Exit Financing means additional non-convertible exit debt financing in an amount and on terms acceptable to the Debtors and reasonably acceptable to the Requisite First Lien Creditors, the proceeds of which shall be used to satisfy all or a portion of the First Lien Notes Claims, in whole or in part, in Cash on the Effective Date; provided, that any amount of Cash distributed to Holders of First Lien Notes Claims in lieu of all (but not less than all) the New Second Lien Debt on the Effective Date will result in a dollar-for-dollar reduction of the principal amount of the New Second Lien Debt otherwise issuable to the Holders of the First Lien Notes Claims.
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Examples of Additional Exit Financing in a sentence

  • To the extent the Additional Exit Financing is not a separate loan facility, the Additional Exit Financing shall be in the form of an upsizing of the Exit Term Facility.

  • The Debtors shall use commercially reasonable efforts to syndicate for Cash the Additional Exit Financing; provided, that, to the extent Cash proceeds of any Additional Exit Financing are to be distributed to Holders of First Lien Notes Claims in lieu of New Second Lien Debt, then the Cash Proceeds of any such Additional Exit Financing shall be sufficient to replace all but not less than all the New Second Lien Debt otherwise issuable to Holders of First Lien Notes Claims under the Plan.

  • Reorganized Cenveo and one or more Reorganized Debtors may enter into the Additional Exit Financing on the Effective Date, on terms set forth in the Additional Exit Financing Documents.

  • The General Unsecured Claims Cash Pool Account (a) shall not be and shall not be deemed property of the Debtors or the Reorganized Debtors, (b) shall be held in reserve or trust to fund distributions as provided herein, and(c) no Liens, Claims, or Interests shall encumber the General Unsecured Claims Cash Pool Account in any way (whether on account of the Exit ABL Facility, the Exit Term Facility, the Additional Exit Financing, the New Second Lien Debt or otherwise).

  • 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.

  • Sources of Consideration for Plan Distributions‌ The Reorganized Debtors shall fund distributions under the Plan with (a) Cash on hand; (b) the issuance and distribution of Reorganized Cenveo Equity Interests; (c) proceeds from the Exit ABL Facility; (d) proceeds from the Exit Term Facility; (e) proceeds from the Additional Exit Financing (if any); and (f) indebtedness issued pursuant to the New Second Lien Debt.

  • The Reorganized Debtors shall fund distributions under the Plan with (a) Cash on hand; (b) the issuance and distribution of Reorganized Cenveo Equity Interests; (c) proceeds from the Exit ABL Facility; (d) proceeds from the Exit Term Facility; (e) proceeds from the Additional Exit Financing (if any); and (f) indebtedness issued pursuant to the New Second Lien Debt.

  • New Second Lien Debt‌ Unless substituted in its entirety with Cash proceeds of the Additional Exit Financing, the Reorganized Debtors shall issue on the Effective Date the New Second Lien Debt and provide any related guarantees, on terms set forth in the New Second Lien Debt Documents.

  • Unless substituted in its entirety with Cash proceeds of the Additional Exit Financing, the Reorganized Debtors shall issue on the Effective Date the New Second Lien Debt and provide any related guarantees, on terms set forth in the New Second Lien Debt Documents.

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Related to Additional Exit Financing

  • Exit Financing means the financing under the Exit Facility.

  • Refinancing Transactions means the transactions described under “Summary—The Refinancing Transactions” in the Offering Memorandum.

  • Additional Financing means the sale by the Company of additional Units as contemplated by the registration statement on Form SB-2 filed by the Company with the SEC on September 13, 2006, as amended from time to time thereafter.

  • Alternative Financing is defined in Section 6.14(d).

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • New Financing means the Indebtedness incurred or to be incurred by Holdings and its Subsidiaries under the Credit Documents (assuming the full utilization of the Revolving Commitments) and all other financings contemplated by the Credit Documents, in each case after giving effect to the Transaction and the incurrence of all financings in connection therewith.

  • Financing Transactions means the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity including any secured or unsecured financing, any securitization transaction, or any securities offering which is either registered or exempt from registration under federal and state securities law.

  • Closing Date Refinancing means the repayment, repurchase, redemption, defeasance or other discharge of the Existing Debt Facility and termination and/or release of any security interests and guarantees in connection therewith.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Exit Facility means a credit facility that will be entered into by the City, the Exit Facility Agent and the other financial institutions party thereto on the Effective Date on substantially the terms set forth on Exhibit I.A.119.

  • Existing Financing means the financing arrangements that provided for a security interest granted by Company in the Aircraft and that were outstanding on August 3, 2020.

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • Limited Condition Acquisition means any acquisition, including by way of merger, by the Issuers or one or more of their Restricted Subsidiaries whose consummation is not conditioned upon the availability of, or on obtaining, third-party financing.

  • PIPE Financing has the meaning set forth in the recitals to this Agreement.

  • Debt Financing has the meaning set forth in Section 5.7.

  • Alternative Acquisition Agreement shall have the meaning set forth in Section 6.5(c).

  • Exit Facilities means, collectively, the Exit ABL Facility and the Exit Term Loan Facility.

  • Rate/Term Refinancing A Refinanced Mortgage Loan, the proceeds of which are not more than a nominal amount in excess of the existing first mortgage loan and any subordinate mortgage loan on the related Mortgaged Property and related closing costs, and were used exclusively (except for such nominal amount) to satisfy the then existing first mortgage loan and any subordinate mortgage loan of the Mortgagor on the related Mortgaged Property and to pay related closing costs.

  • Qualified Financing is a transaction or series of transactions pursuant to which the Company issues and sells shares of its capital stock for aggregate gross proceeds of at least $5,000,000 (excluding all proceeds from the incurrence of indebtedness that is converted into such capital stock, or otherwise cancelled in consideration for the issuance of such capital stock) with the principal purpose of raising capital.

  • Make-Whole Acquisition means the occurrence, prior to any Conversion Date, of one of the following:

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • Incremental Facilities has the meaning assigned to such term in Section 2.22(a).

  • Additional Refinancing Amount means, in connection with the Incurrence of any Refinancing Indebtedness, the aggregate principal amount of additional Indebtedness, Disqualified Stock or Preferred Stock Incurred to pay accrued and unpaid interest, premiums (including tender premiums), expenses, defeasance costs and fees in respect thereof.

  • Incremental Facility has the meaning specified in Section 2.16(a).