Examples of Exit Commitment Letter in a sentence
Each Consenting RBL Lender agrees to enter into the Exit Facility, and subject in each case to the terms and conditions of the Exit Facility Documents, shall make available for funding its ratable share of the RBL Commitment (as defined in the Exit Facility Term Sheet) upon the terms and conditions set forth in the Exit Commitment Letter attached hereto as Annex 2(a) and consistent with the Exit Facility Term Sheet attached as Exhibit A to the Exit Commitment Letter.
Backstop DIP and Exit Commitment Letter means that certain Backstop DIP and Exit Commitment Letter attached to the RSA as Exhibit C, as the same may be amended, restated, supplemented, or otherwise modified from time to time in accordance with the terms thereof.Backstop Parties means the First Lien Lenders party to the Backstop DIP and Exit Commitment Letter, each in its capacity as such.
Pursuant to the terms of that Exit Commitment Letter, dated as of June 8, 2015 and attached hereto as Exhibit C, certain of the DIP Term Facility Lenders have committed to provide the Exit Term Facility.
The Exit Facility shall be in full force and effect on the terms set forth in the Exit Commitment Letter (as defined in the PSA), or on terms otherwise reasonably satisfactory to the Requisite Commitment Parties and the Company.
The Debtors shall be authorized to fund the Distribution of First Lien Notes Cash with the cash on their balance sheet and the proceeds of the Term Facility (as defined in the Exit Commitment Letter), and to make the Distribution of First Lien Notes Cash.