Exit Facility Term Sheet definition

Exit Facility Term Sheet means the Exit Facility Term Sheet attached as Exhibit 2 to Exhibit B of the Restructuring Support Agreement.

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Exit Facility Term Sheet means that certain term sheet that sets forth the principal terms of the Exit Facility and is attached hereto as Exhibit A, as may be supplemented, amended, or otherwise modified pursuant to the Exit Commitment Letter in accordance with its terms.

Exit Facility Term Sheet means the term sheet describing the material terms of the Exit Facility, attached as Exhibit A to the Exit Commitment Letter.

Examples of Exit Facility Term Sheet in a sentence

• Each Lender hereto hereby agrees that, on the Conversion Date, (i) the Administrative Agent (in its capacity as Administrative Agent under the Exit Facility Agreement) may execute and deliver the Exit Facility Agreement (and any guaranty contemplated thereby) on its own behalf and on behalf of each such Lender and (ii) the Administrative Agent may execute and deliver the security documents contemplated by the Exit Facility Term Sheet.

• Except as otherwise provided in this section, as a condition precedent to the Effective Date, the Debtors shall enter into the Exit Facility, a senior secured revolving reserve-based lending credit facility to be arranged and provided by the Lenders under the Prepetition RBL Credit Agreement in the maximum amount of $500 million, as set forth in the Exit Facility Term Sheet, or otherwise on terms acceptable to the Debtors, the Plan Sponsor and the Prepetition RBL Agent.

• N/A DIP Claims On the Effective Date, in full satisfaction of each Allowed DIP Claim, each holder thereof shall receive, in full satisfaction of its Claim (i) on account of New Money DIP Claims, payment in full in cash; (ii) on account of Refinanced DIP Claims, distribution of cash and commitments under the Exit Facility in the manner set forth in the Exit Facility Term Sheet; and/or (iii) if the Exit Facility is not consummated, payment in full in cash.

• The Exit Facility Term Sheet and the Exit Facility Commitment Letters shall be in effect that provide for an initial borrowing base limit in the Exit Facility of no less than $128,000,000.

• Each Initial Lender’s commitments and agreements hereunder are subject to the conditions set forth in the Exit Facility Term Sheet under the heading “Conditions to Initial Borrowing and Closing of Revolving Facility”.

More Definitions of Exit Facility Term Sheet

Exit Facility Term Sheet means the term sheet in respect of the Exit Credit Agreement attached hereto as Exhibit H.

Exit Facility Term Sheet means the term sheet attached as Exhibit D to the Plan Support Agreement, a copy of which is attached hereto as Exhibit C.

Exit Facility Term Sheet means the term sheet, attached as Exhibit B to the RSA, setting forth the material terms of the Exit Facility.

Exit Facility Term Sheet means the exit facility term sheet attached to the Support Agreement.

Exit Facility Term Sheet means, the Exit Facility Term Sheet attached as Exhibit B to the DIP Credit Agreement.

Exit Facility Term Sheet means the term sheet, which is attached as Exhibit F to the Disclosure Statement, which sets forth the material terms of the Exit Facility.

Exit Facility Term Sheet means the term sheet attached to the Restructuring Support Agreement as Exhibit D setting forth the terms and conditions of the Exit Facility.