Exit Facility definition

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.

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Exit Facility means, collectively, the Exit Revolving Facility and the Second Out Term Loans.

Exit Facility means the credit facility, indenture, or facilities (in whatever form or Instrument) entered into as of the Effective Date by Reorganized LyondellBasell and the guarantors thereunder in order to meet their Plan obligations and working capital needs as of the Effective Date, in form and substance reasonably satisfactory to the Ad Hoc Group and the Rights Offering Sponsors.

Examples of Exit Facility in a sentence

• To be satisfactory to the Exit Facility Commitment Parties and the Debtors and set forth in the Exit Facility Credit Agreement.

• The Debtors shall timely seek approval from the Bankruptcy Court to obtain relief necessary to effectuate the Exit Facility and the New Exit Note, as applicable.

• On the Effective Date, the ABL Lenders shall, in full satisfaction of their ABL Facility claims and DIP Revolving Claims, be paid in full in cash from proceeds of the Exit Facility.

• The Borrower will use commercially reasonable efforts to maintain such ratings, as further set forth in the Exit Facility Documents.

• Except as expressly provided for in the Transaction Documents, no Indenture Obligor shall, nor shall it permit any of its Obligor Subsidiaries to, amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Exit Facility, the New Other Secured Notes And Claims and the Transaction Documents, except in each case to the extent such amendment, modification or supplement could not reasonably be expected to have a Material Adverse Effect.

More Definitions of Exit Facility

Exit Facility means any exit credit facility provided to Reorganized CIT on the Effective Date pursuant to the Exit Facility Agreement.

Exit Facility means such bank financing agreements and commitments as the Debtors shall have arranged on the Effective Date, including term loans and revolving credit facilities, for general working capital and corporate purposes, in such amounts and on such terms as are satisfactory to the Debtors and the Plan Proponents.

Exit Facility means the revolving credit and term loan facility in the aggregate principal amount of $30,000,000 to be provided by lenders acceptable to the Bondholders’ Committee, the Debtors and the Asbestos Claimants’ Committee in the form of a revolving loan and a term loan to Reorganized Congoleum secured by substantially all of the assets of Reorganized Congoleum and otherwise on terms and conditions, and pursuant to loan documentation, satisfactory and acceptable to the Bondholders’ Committee, the Debtors and the Asbestos Claimants’ Committee which financing shall be consistent with the Exit Facility Commitment Letter or Term Sheet contained in the Plan Supplement.

Exit Facility means the loan facilities provided under the Exit Loan Agreement.

Exit Facility means either (a) the new financing in the aggregate principal amount of $750 million, consisting of a new term loan facility and/or, to the extent agreed upon by the Debtors, the Consenting Term Loan Lender Group, and the Consenting Noteholder Group in accordance with the Restructuring Support Agreement, secured notes, in each case consistent with the terms and conditions set forth in the Exit Facility Term Sheet and entered into on the Effective Date on the terms and conditions set forth in the Exit Facility Documents or (b) another secured exit financing (including in the form of secured notes) in the approximate aggregate principal amount of

Exit Facility has the meaning set forth in the Restructuring Term Sheet.

Exit Facility means the loan facility to be provided by the Supporting Noteholder to the Reorganized Debtors in accordance with the terms, and subject in all respects to the conditions, as set forth in the Exit Facility Documents.