Examples of RBL Facility Agent in a sentence
Alternatively, if the Incline Cure is greater than $0.00, the Reorganized Debtors shall file a stipulation with the Court setting forth the agreed Incline Cure that shall be in form and substance reasonably acceptable to the Exit RBL Facility Agent and the Exit RBL Facility Lenders.
Following such notice from the RBL Facility Agent, payment of coupon shall be treated similarly to payment of principal.
Restrictions on payments of the Bond Debt:Coupon, fees, costs and expenses: No restrictions under the terms of this intercreditor agreement on payment of coupon, until the Bond Trustee is notified by the RBL Facility Agent of the occurrence of an Event of Default under the RBL Facility, which is continuing.
Principal: No repayment of principal prior to the RBL Discharge Date, other than after the lapse of a standstill period of 180 calendar days (from and including the date the RBL Facility Agent was notified of a Bond Event of Default).
Turnover of receipt: All amounts received in respect of the Bond Debt (other than such amounts which are permitted to be paid under paragraph 1 of the "Restrictions on payments of the Bond Debt" above) by the Bond Trustee shall be paid by the Bond Trustee to the RBL Facility Agent and be applied to settle the RBL Debt until the RBL Debt Discharge Date has occurred.
This Agreement, and the rights, interests and obligations hereunder, shall not be assigned by any Party by operation of law or otherwise without the express written consent of the other Parties and, to the extent provided in Exhibit F, the consent of the RBL Facility Agent, as applicable (which consents may be granted or withheld in the sole discretion of such other Party and, if applicable, the RBL Facility Agent).
The RBL Facility Agent submits this Statement in support of confirmation of the Plan, and respectfully represents to the Court as follows:1 The debtors in these chapter 11 cases, along with the last four digits of each debtor’s federal tax identification number, are: Arena Energy, LP (1436); Arena Energy 2020 GP, LLC (N/A); Arena Energy GP, LLC (7454); Arena Exploration, LLC (1947); Sagamore Hill Holdings, LP (8266); and Valiant Energy, L.L.C. (7184).
The Debtors have a sufficient business justification to separately treat these claims so that the reorganized company can maintain their ongoing business relationships with the trade creditors and vendors that comprise Class 5 (General Unsecured Claims).For these reasons, the RBL Facility Agent respectfully requests that the Court enter an order confirming the Plan and overrule any remaining objections.
This Agreement may not be amended, waived or otherwise modified except by a written agreement executed by all of the Parties and, with respect to any amendments, waivers or other modifications affecting the holders of RBL Facility Claims (in the reasonable discretion of the RBL Facility Agent), reasonably consented to by the RBL Facility Agent.
The Plan Sponsor Transaction and the Definitive Documents were negotiated in goodfaith and at arm’s length among the Debtors, the Plan Sponsor, the RBL Facility Agent, the RBL Facility Lenders, and the Term Loan Lenders.