Exit Financing definition

Exit Financing means the financing under the Exit Facility.

Exit Financing means, together, (a) a senior secured or unsecured term loan and/or the issuance of senior secured or unsecured notes which, in the aggregate, have a principal amount of $750 million and (b) a senior secured revolver facility up to a principal amount of $250 million entered into pursuant to an Exit Credit Facility Agreement.

Exit Financing means that certain financing to finance the Reorganization Plan expected to be composed of the Senior Term Loan Facility, the ABL Facility, the Euro Securitization, the Plan Roll-Up Notes and the Notes.

Examples of Exit Financing in a sentence

• On the Effective Date, except to the extent that the Holder of the Allowed DIP Loan Claim agrees to a less favorable treatment, the Allowed DIP Loan Claim shall be refinanced and converted into Exit Financing which, in addition to the New Liquidity Facility, shall consist of a $3.25 million post-petition term loan facility pursuant to the terms and conditions of the applicable Exit Financing Documents to be executed between Debtor KPE LP, the DIP Lender, and TCB.

• The DIP Loan Claim shall mature and be payable to the DIP Lender in accordance with the terms and conditions of the applicable Exit Financing Documents between Debtor KPE LP and BTS Enterprises.

• Brandon Steele agrees to execute a new secured guaranty of the Exit Financing provided to KPE LP.

• On the Effective Date, the Reorganized Debtors, BTS Enterprises and TCB shall execute the Exit Financing Documents.

• In the ordinary course of preparing and executing the Exit Financing Documents, and in consideration for the Exit Financing, Brandon Steele will execute a consent and acknowledgement that his guaranty remains in full force and effect.

More Definitions of Exit Financing

Exit Financing means the debt instruments to be issued or executed as part of any exit financing facility or other lender arrangement obtained by the Debtors prior to the Effective Date (excluding the New Subordinated Notes) in form and substance reasonably acceptable to the GenOn Steering Committee and, to the extent they are Exit Financing Parties, the Backstop Parties, which may include the New Senior Secured Notes, the New Exit Credit Facility Term Loans, the New Exit Credit Facility Revolving Loans, and/or one or more alternative financing instruments issued and/or executed in connection with the Exit Financing.

Exit Financing means such financing agreement(s) or commitment(s) as the Debtors may enter into to provide the Reorganized Debtors with appropriate credit availability.

Exit Financing means that certain exit financing contemplated by the New Credit Agreement (as defined by the Amended Plan).

Exit Financing means the debt instruments to be issued or executed as part of the Exit First Lien Term Loan Facility, the Exit Second Lien Term Loan Facility, and any additional exit financing that may be obtained by Reorganized Quoizel, as determined by the Initial Plan Sponsors.

Exit Financing means the Exit Facility sufficient to fund, among other things, the transactions contemplated by the Plan and the working capital requirements of the Reorganized Debtor subsequent to the Effective Date.

Exit Financing means any exit financing facility or other lending arrangement obtained by the Debtors prior to the Effective Date, which facility may include a grant of security interest in certain of the Debtors’ assets.

Exit Financing means (a) the credit facilities for post-Effective Date operations, substantially on the terms set forth in the Credit Agreements and (b) the Senior Secured Notes issuance, substantially on the terms set forth in the Senior Secured Notes Indenture.