Exit Term Loans means the loans under the Exit Term Loan Facility.
Exit Term Loans means the term loans issued under the Exit Facility.
Exit Term Loans means, collectively, the Exit First Lien Term Loans and the Exit Second Lien Term Loans.
Examples of Exit Term Loans in a sentence
On the Effective Date, in full and final satisfaction of the Allowed DIP Claims, (i) the principal amount of and accrued but unpaid interest on the DIP Term Loans shall be on a dollar-for-dollar basis automatically converted into First Out Exit Term Loans, (ii) each Holder of DIP Claims shall receive its Pro Rata portion of the DIP Exit Fee, and (iii) each DIP Backstop Commitment Party shall receive its Pro Rata portion of the DIP Backstop Commitment Fee.
On the Effective Date, each holder of an Allowed Prepetition 1L Term Loan Claim shall receive, in full and final satisfaction of such Claim, its Pro Rata portion of the Second Out Exit Term Loans.
More Definitions of Exit Term Loans
Exit Term Loans means the term loans made to the Borrower Agent under the Exit Term Loan Credit Agreement.
Exit Term Loans has the meaning set forth in the Restructuring Term Sheet.
Exit Term Loans means the term loans to be issued by the Reorganized Debtors under the Exit Term Facility.
Exit Term Loans means the loans made under the Exit Term Facility. The aggregate principal amount of Exit Term Loans as of the Effective Date shall equal (x) the aggregate principal amount of DIP Loans outstanding immediately prior to the Effective Date, plus (y) the Total Exit Fee (as defined in the DIP Credit Agreement).
Exit Term Loans means the term loans provided under the Exit Term Loan Facility on the terms and conditions set forth in the Exit Term Loan Facility Credit Agreement, which shall include the DIP-to-Exit Term Loans, the Takeback Term Loans, the RO Term Loans, and the RO Backstop Term Loans.
Exit Term Loans means the loans that shall be deemed on the Effective Date to be outstanding under the Exit Term Loan Credit Agreement.
Exit Term Loans. (as defined in the Exit Term Loan Term Sheet) and deemed funded under the Exit Term Loan Facility; each Lender shall be a lender under the Exit Term Loan Facility in accordance with the Restructuring Support Agreement and the Exit Term Loan Term Sheet; provided that all other Obligations (other than the principal amount of the Loans so converted), including, for the avoidance of doubt, accrued and unpaid interest and the Exit Fee, shall be paid in full in cash (other than the Put Option Premium, which shall be paid in New Equity Interests on the Conversion Date), upon which this Agreement shall terminate and be superseded and replaced in its entirety by the Exit Term Loan Facility. Notwithstanding the foregoing, all obligations of the Borrower and the other Credit Parties to the Agents and Lenders under this Agreement and any other Credit Document which are expressly stated in this Agreement or such other Credit Document as surviving such agreement’s termination shall, as so specified, survive without prejudice and remain in full force and effect. Each of the Credit Parties, Agents and the Lenders shall take such actions and execute and deliver such agreements, instruments or other documents reasonably required to give effect to the provisions of this Section 2.15 and as are required to complete the schedules to the Exit Term Loan Facility or other agreements contemplated thereby.