Exit Financing Agreement definition

Exit Financing Agreement means an agreement on account of (a) the three-year senior secured first lien term facility in an aggregate principal amount of up to $500 million between the DIP Lenders, Reorganized Lear Corporation, as borrower, and Reorganized Lear Corporation’s wholly owned domestic direct and indirect subsidiaries, as guarantors, substantially similar to the agreement attached as Exhibit I to the DIP Facility, or (b) an alternative exit-financing facility provided that the DIP Facility is paid in full in Cash upon the Effective Date; provided that the aggregate amount of loans under the Exit Financing Agreement is subject to prepayment on account of the Excess Cash Paydown.
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Exit Financing Agreement means that certain credit agreement with Buyer (or a Buyer Designee) as borrower in form and substance consistent with the terms set forth in the RSA acceptable to Buyer and the Required Consenting First Lien Lenders (as defined in the RSA).
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Exit Financing Agreement means an agreement on account of a $40 million senior secured credit facility to be entered into by the Reorganized Debtors on terms satisfactory to the Debtors and each of the Backstop Parties in its sole discretion.
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Examples of Exit Financing Agreement in a sentence

  • In accordance with the Exit Financing Agreement, the Reorganized Debtors will use proceeds of the Exit Financing Agreement to pay or refinance the DIP Facility Claims.

  • The Impac Plan provides that each Impac Debtor will assume and assign to the newly formed, wholly owned subsidiaries of each Reorganized Impac Debtor, as part of the Exit Financing Agreement, each and every executory contract and unexpired lease to which the applicable Impac Debtor is a party.

  • As of the Effective Date, all of the Debtors will be merged into Reorganized RBX and Reorganized RBX will operate the Debtors' businesses, funded pursuant to the Exit Financing Agreement, including the New Revolving Credit Agreement, the applicable terms of which shall be comparable to those set forth in the DIP Facility Agreement.

  • The Debtors expect to have sufficient Cash and/or borrowing availability under the Exit Financing Agreement on the Effective Date to make the above-described payment(s) on the Effective Date.

  • On the Reorganization Effective Date, the Reorganized Debtors are authorized to enter into and shall enter into the Exit Financing Agreements and effect all transactions and take any actions provided for in or contemplated by the Exit Financing Agreement, including without limitation, the payments of all fees and other amounts contemplated by the Exit Financing Agreements.

  • On the Effective Date, all DIP Expenses shall be paid in Cash and the remaining DIP Claims will be converted into loans under the New Exit Facility Term Loan pursuant to the terms of the New Exit Financing Agreement.

  • These notes will be secured by the same collateral to the same extent as the collateral presently securing the 12% Notes, subject to the terms of the Exit Financing Agreement.

  • As described in Section IV.B.3 hereof, prior to the Effective Date, the Debtors expect to draw funds under the DIP Facility Agreement, sufficient to make all distributions to Creditors projected and required to be made on the Effective Date pursuant to Article 5 of the Plan, and the DIP Facility Claims will be satisfied in accordance with the Plan with funds to be provided to Reorganized RBX pursuant to the Exit Financing Agreement.

  • The surviving entity -- Reorganized RBX -- will operate the Debtors' business funded pursuant to the Exit Financing Agreement, including the New Revolving Credit Agreement, the applicable terms of which shall be comparable to those set forth in the DIP Facility Agreement.

  • Until such evaluation is complete, budgeted capital expenditures for 1998 will be limited to normal renovation of existing stores and routine equipment purchases, which will be financed with funds generated from operations and borrowings under the Exit Financing Agreement.


More Definitions of Exit Financing Agreement

Exit Financing Agreement means the New Revolving Credit Agreement and/or the New Term Loan Agreement between Reorganized RBX and certain lenders, providing post-confirmation financing of up to $55 million.
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Exit Financing Agreement means any agreement between Cast- Crete and the Debtors or Reorganized Debtors to loan or otherwise advance the funds necessary to pay those Claims to be paid in Cash on the Effective Date and otherwise provide operating cash to Reorganized CyberCare.
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Exit Financing Agreement means that agreement to be executed by Reorganized TRC on or before the Effective Date, including all agreements, amendments, supplements or documents related thereto, which provides for an exit credit facility in an aggregate principal amount of not less than $410 million, which, if not filed as part of the Plan Supplement, the substantially final form of which shall be consistent with the Exit Financing Term Sheet or Commitment Letter filed as part of the Plan Supplement and acceptable to the Debtors and the Required Backstop Parties.
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Related to Exit Financing Agreement

  • Financing Agreements means, collectively, this Agreement and all notes, guarantees, security agreements and other agreements, documents and instruments now or at any time hereafter executed and/or delivered by Borrower or any Obligor in connection with this Agreement, as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced.

  • Repayment Agreement means an agreement

  • 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.