Exit Facility Lenders definition
Examples of Exit Facility Lenders in a sentence
On the Effective Date, Reorganized Congoleum shall obtain exit financing consistent with the terms and conditions set forth in the Exit Facility Commitment Letter or Term Sheet, which shall be filed as part of the Plan Supplement, from the Exit Facility Lenders.
Neither any waiver by the DIP Lenders or, if applicable, the Exit Facility Lenders, of their right to receive the Financial Reports nor any amendment or termination of the Emergence Credit Facilities shall affect the Company’s obligation to deliver the Financial Reports to the Backstop Parties in accordance with the terms of this Agreement.
The Exit Agent shall have received (i) the Credit Agreement, executed and delivered by Holdings and the Borrower, (ii) the Guarantee and Collateral Agreement, executed and delivered by Holdings, the Borrower and each Subsidiary Guarantor party thereto, and (iii) such other security and collateral documents as are required to provide the Exit Agent with a first priority security interest (subject to exceptions and qualifications reasonably acceptable to the Exit Facility Lenders) in the Collateral.
The Exit Agent and each Lender shall have received a customary legal opinion of Ropes & Gray LLP, counsel to the Credit Parties, dated as of the Closing Date, addressed to the Exit Agent and the Exit Facility Lenders, and in form and substance reasonably satisfactory to the Exit Agent and the Required Lenders.
Neither any waiver by the DIP Facility Lenders or, if applicable, the Exit Facility Lenders, of their right to receive the Financial Reports nor any amendment or termination of the Emergence Credit Facilities shall affect the Company’s obligation to deliver the Financial Reports to the Backstop Parties in accordance with the terms of this Agreement.