Exit RBL Facility definition

Exit RBL Facility means that certain revolving credit facility, to be provided to the Debtors or Reorganized Debtors, as applicable, pursuant to the Exit RBL Facility Documents, and otherwise in accordance with the terms, and subject in all respects to the conditions, set forth in the Plan.

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Exit RBL Facility means the exit RBL loan facility or amended and restated RBL loan facility of BCEI (or any combination of the foregoing), with aggregate commitments (drawn and undrawn, collectively) of not less than $250 million in principal amount.

Exit RBL Facility means the new or amended credit facility under the Exit RBL Facility Documents.

Examples of Exit RBL Facility in a sentence

On the Effective Date, BCEI and the Reorganized Debtors [party thereto as guarantors] shall enter into the Exit RBL Facility, the terms of which will be set forth in the Exit RBL Documents and subject to the consent rights in the TSA and the Merger Agreement.
On or before the Effective Date, the Debtors or the Reorganized Debtors, as applicable, consistent with, and subject to the consent, approval, and consultation rights set forth in the Merger Agreement, the TSA, and the Exit RBL Facility, may take such actions, including as set forth below, as are necessary or appropriate to effect the Merger in accordance with the terms of the Merger Agreement, the TSA, and the Plan.
On or before the Effective Date, the Debtors or the Reorganized Debtors, as applicable, shall enter into any transaction and shall take any actions as may be necessary or appropriate to effectuate the Restructuring Transactions as contemplated in, consistent with, and subject to the consent, approval, and consultation rights set forth in the Merger Agreement, the TSA, and the Exit RBL Facility.
On the Effective Date, except with respect to the Exit RBL Facility or to the extent otherwise provided in the Plan or the Confirmation Order, all notes, instruments, certificates, and other documents evidencing Claims or Interests, including credit agreements and indentures, shall be cancelled and the obligations of the Debtors and any non-Debtor Affiliate thereunder or in any way related thereto shall be deemed satisfied in full, cancelled, discharged, and of no force or effect.
The Hedging Order shall be in full force and effect, the Debtors shall have used commercially reasonable efforts to implement an Acceptable Hedging Program, and the reorganized Debtors shall be able to maintain a similar program following the Effective Date under the terms of the Exit RBL Facility, Exit Term Loans, and any other financing arrangements entered into by the Debtors on the Effective Date.

More Definitions of Exit RBL Facility

Exit RBL Facility means the reserve based revolving credit facility that the Reorganized Debtors will obtain on the Effective Date in accordance with the Exit RBL Credit Agreement, which shall be consistent in all material respects with the Restructuring Support Agreement, the Exit RBL Commitment Letter and otherwise in form and substance reasonably acceptable to the Required Parties.

Exit RBL Facility means the amended credit facility agreed to by the Exit RBL Lenders and filed in the Plan Supplement.

Exit RBL Facility means the revolving credit facility on terms and conditions consistent in all material respects with the executed and effective Exit RBL Commitment Letter and otherwise reasonably acceptable to the Required Parties.

Exit RBL Facility means the first out senior secured revolving credit facility, as contemplated in the Exit Debt Commitment Letter and Exit Facilities Credit Agreement.

Exit RBL Facility means the ‘Revolving Facility’ as defined in, and on the terms set forth in, the Restructuring Support Agreement, or otherwise reasonably acceptable to the Requisite Commitment Parties. “Exit Term Loan Backstop Commitment” has the meaning set forth in Section 2.7. “Exit Term Loan Commitment Party” has the meaning set forth in Section 2.7. “Exit Term Loan” means the ‘Term Facility A’ as defined in, and on the terms set forth in, the Restructuring Support Agreement, or otherwise reasonably acceptable to the Requisite Commitment Parties. “Expense Reimbursement” has the meaning set forth in Section 3.3(a). “Filing Party” has the meaning set forth in Section 6.12(b). “Final DIP Order” means an Order authorizing use of cash collateral and/or debtor-in-possession financing on a final basis. “Final Order” means, as applicable, an Order of the Bankruptcy Court or other court of competent jurisdiction with respect to the relevant subject matter that has not been reversed, stayed, modified, or amended, and as to which the time to appeal or seek certiorari has expired and no appeal or petition for certiorari has been timely taken, or as to which any appeal that has been taken or any petition for certiorari that has been or may be filed has been resolved by the highest court to which the Order could be appealed or from which certiorari could be sought or the new trial, reargument, or rehearing shall have been denied, resulted in no modification of such Order, or has otherwise been dismissed with prejudice. “Financial Reports” has the meaning set forth in Section 6.5. “Financial Statements” has the meaning set forth in Section 4.9. “Funding Notice” has the meaning set forth in Section 2.4(a). “Funding Notice Date” has the meaning set forth in Section 2.4(a). 9

Exit RBL Facility means, unless an All Asset Sale occurs, the revolving credit facility, in the amount of $[●] million, approximately $[●] million drawn on the Effective Date, which shall be on such terms as set forth in the applicable Exit RBL Facility Documents.