Exit Loan Facility definition

Exit Loan Facility means an unsecured loan provided by L’Occitane International. The Exit Loan Facility shall provide adequate working capital in an amount agreed upon by the Debtor and L’Occitane International that is sufficient to make payments of all Allowed Claims under the Plan.
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Exit Loan Facility shall have the meaning ascribed to such term in Section 1.1 to this Agreement.
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Exit Loan Facility means the new financing arrangements to be entered into by QWI as at the Implementation Date, each of which shall be in form and substance acceptable to the Creditors’ Committee, the Ad Hoc Group of Noteholders and the Administrative Agent, acting reasonably;
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Examples of Exit Loan Facility in a sentence

  • With respect to the Allowed Intercompany Claim of International in the amount of approximately $20 million, on the Effective Date, such loan claim shall become part of the unsecured Exit Loan Facility.

  • If this case were converted to chapter 7, the Exit Loan Facility would not exist and the assets for liquidation would result in a significantly reduced payment to Holders of Claims.

  • In accordance with and subject to, the conditions of the Exit Loan Facility, the closing of the Exit Loan Facility shall occur.

  • In consideration of Purchaser's commitment to make the Exit Loan Facility, at the Closing, Reorganized PSC will issue and deliver to Purchaser, as the exclusive fee for the Exit Loan Facility, shares of Common Stock representing 5.0% of the issued and outstanding shares of Common Stock (such shares to be referred to as the "Exit Loan Commitment Shares").

  • It also pro- vided the basis for the specification of Wal-Mart’s denominator in this case, since it establishes a theory-based global norm of behavior (i.e., to invest in seven areas of anthro capital in order to improve human and social well-being) that can, in turn, be used as a standard of performance in assessing the social sus- tainability impacts of an organization.

  • On or before the Effective Date, the Debtor shall fund the Professional Fee Claim Reserve, and shall provide sufficient cash funds from the Exit Loan Facility to the Distribution Agent to provide for payment of Allowed Claims under the Plan.

  • Distributions under the Plan will be funded by the Reorganized Debtor’s Cash on hand and an Exit Loan Facility provided by International, the parent of the Debtor and Reorganized Debtor, to the Debtor in an amount sufficient to pay all Allowed Claims under the Plan.

  • Developers pay the water impact fee (that funds water projects) with each unit, which includes a pro-rata share for the UWMP cost.

  • Even if a written future or option Transaction is not a Margined Transaction, it may still carry an obligation to make further payments in certain circumstances over and above any amount paid when you entered the contract.

  • See Article IV., ¶ 4.1.5. Based upon the information contained in the Plan, the Disclosure Statement and the Projections, the Debtor anticipates that the Debtor’s Cash on hand upon emergence and the unsecured Exit Loan Facility provided by International, will provide sufficient liquidity to make all required payments under the Plan, and to satisfy all ongoing working capital requirements, without having to leverage the Debtor’s assets.


More Definitions of Exit Loan Facility

Exit Loan Facility means that certain loan facility issued pursuant to the Exit Loan Agreement.
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Related to Exit Loan Facility

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • 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.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).