Exit Financing Commitment definition

Exit Financing Commitment means $10,000,000 (as such amount is reduced from time to time in accordance with the Exit Facility Agreement).
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Exit Financing Commitment means, if the Lender Confirmation Option is implemented, $10,000,000 (as such amount is reduced from time to time in accordance with the Exit Facility Agreement).
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Exit Financing Commitment means the commitment evidenced and governed by that certain commitment letter dated October 26, 2000, as modified by that certain letter agreement dated as of November 3, 2000, copies of which are attached to that certain Seventh Amendment to this Agreement dated as of October 31, 2000 among the Borrower, the Partnership, the Corporate GP, the Agent, the Co-Agent and the Lenders, as Exhibit A to such Seventh Amendment, or such other commitment, in form and substance satisfactory to the Agent and the Required Lenders, by a lender or financial institution to provide financing to the Borrower upon or after the confirmation of a plan of reorganization of the Borrower by the Bankruptcy Court pursuant to the Case, which financing shall be in an amount equal to or greater than $57,750,000."
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Examples of Exit Financing Commitment in a sentence

  • The Lender agrees that it shall provide the Exit Financing conditioned upon (i) confirmation by the Bankruptcy Court and the effective date of an Approved Plan of Reorganization (ii) the satisfaction of conditions and with the terms set forth in the Exit Financing Commitment Letter attached hereto as Exhibit E and (iii) the satisfaction of the conditions for the extension or amendment of the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Term Loan in accordance with ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ commitment letter in the form approved by Lender.

  • Whenever the context may require, the singular form of nouns, pronouns and verbs shall include the plural and vice versa.

  • The Supporting Noteholder agrees to work in good faith to negotiate and execute the Exit Financing Commitment Letter.

  • Borrower shall obtain Bankruptcy Court approval of the Exit Financing Commitment Fee and the Liquidated Damages prior to July 31, 2008, with any failure to obtain such approval constituting an Event of Default.

  • Except as otherwise set forth above, if Lender elects to not proceed with the Exit Financing according to the terms set forth herein, then Lender shall not be entitled to the Exit Financing Commitment Fee or the Liquidated Damages.

  • The Supporting Secured Noteholder agrees to work in good faith to negotiate and execute the Exit Financing Commitment Letter.

  • The Company agrees to work in good faith to negotiate and execute the Exit Financing Commitment Letter.


More Definitions of Exit Financing Commitment

Exit Financing Commitment means a written commitment, in form ------------------------- and substance satisfactory to the Agent and the Required DIP Lenders, by a third-party lender or financial institution to provide financing to the Borrower upon and after the confirmation of a plan of reorganization of the Borrower by the Bankruptcy Court pursuant to the Case, which financing shall be in an amount equal to or greater than $57,750,000."
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