Exit Revolving Loans definition

Exit Revolving Loans means the “first-out” revolving loans arising under the Exit Revolving Facility in an aggregate principal amount equal to the lesser of (x) the initial borrowing base equal to $850,000,000 and (y) $850,000,000 multiplied by the Option 1 Participation Percentage, subject to the terms and conditions set forth in the Exit Facility Documents.

Exit Revolving Loans means the revolving loan facility up to $120.0 million to be obtained by the Debtors on the Effective Date and in connection with the Debtors’ emergence from chapter 11, on terms and conditions substantially the same as those set forth in the Draft Credit Agreement. Notwithstanding the foregoing, any material changes to the Exit Revolving Loans from those set forth in the Draft Credit Agreement shall be subject to the approval of Time Warner and the Majority Backstop Purchasers.

Exit Revolving Loans means the loans under the Exit Revolving Credit Facility.

Examples of Exit Revolving Loans in a sentence

• For the avoidance of doubt, a Holder electing Option 2 shall not receive any portion of the Lender Paydown, Exit Revolving Loans, or Exit Term A Loans.

• All obligations under the DIP Facility shall have been (or concurrently with the Exit Facility Conversion Date shall be), to the extent not automatically converted into Exit Revolving Loans, repaid in full in cash (or, with respect to Letters of Credit, deemed issued under the Exit Revolving Facility).

• All obligations (including accrued but unpaid interest, fees, expenses and other amounts) owing under the Prepetition RBL Facility shall have been (or concurrently with the Exit Facility Conversion Date shall be), to the extent not automatically converted into Exit Revolving Loans, repaid in full in cash (or, with respect to Letters of Credit, deemed issued under the Exit Revolving Facility).

• Rather, each Holder electing Option 2 shall receive only its Option 2 Pro Rata Share of the Exit Term B Loans in a principal amount equal to the Pro Rata distribution it otherwise would have received with respect to the Lender Paydown, Exit Revolving Loans, and Exit Term A Loans.

• Exit Credit Facility Exit Revolving Loans and Term Loan A (each as defined below) (collectively, the “Exit Credit Facility”).Borrowers: PEH and each of PEH’s wholly owned operating subsidiaries (each, as reorganized pursuant to the Plan, a “Borrower” and collectively, the “Borrowers”).

• Hence, the special knowledge in any of the fields is a requirement to become a part time member.

• Option 1: If the Holder elects (or is deemed to elect, upon its execution of the Exit Facility Credit Agreement) Option 1 on its Ballot, it shall also receive its Option 1 Pro Rata Share of: (i) the Lender Paydown; (ii) the Exit Revolving Loans; and (iii) the Exit Term A Loans -or- Option 2: If such Holder elects Option 2 on its Ballot, it shall also receive its Option 2 Pro Rata Share of the Exit Term B Loans.

• Greene J, Cohen J: For the law, neuroscience changes nothing and everything.

• It is intended that the Exit Revolving Loans and A-1 Loans will have the same payment, prepayment, enforcement and voting rights.

• Except as described below with respect to the letters of credit, the maximum amount of the Exit Facility available for Exit Revolving Loans shall be the lesser of (i) U.S.$15,000,000 or (ii) U.S.$17,500,000 minus the U.S. Dollar equivalent of the outstanding aggregate face amount of the Exit Letters of Credit (as defined below).

More Definitions of Exit Revolving Loans

Exit Revolving Loans means the “Revolving Loans” as such term is defined in the Exit Facilities Credit Agreement.