Exit Facilities definition

Exit Facilities means, collectively, the Exit ABL Facility and the Exit Term Loan Facility.

Exit Facilities means the Exit First Lien Facility and the Exit Second Lien Facility.

Exit Facilities means, collectively, “Credit Facilities” as that term is defined in the Plan Support Agreement, to be provided under the Exit Facilities Documents with an aggregate outstanding funded amount on the Effective Date not to exceed the Exit Facilities Debt Cap.

Examples of Exit Facilities in a sentence

• On the Effective Date, the Exit Facilities Documentation shall constitute legal, valid, binding, and authorized obligations of the Reorganized Debtors, enforceable in accordance with their terms.

• On the Effective Date, the Reorganized Debtors shall enter into the Exit Facilities, the terms of which will be set forth in the Exit Facilities Documents.

• The Debtors shall fund distributions under the Plan, with (a) Cash on hand, including cash from operations and the proceeds of the DIP Facilities, (b) the proceeds of the Exit Facilities, and (c) the New Equity, including the GUC Rights.

• The terms for the Exit Facilities will be determined in accordance with the Reorganized Debtors’ contemplated post-Effective Date business plan following and depending on the results of the Auction (which may contemplate the continued ownership or operation of all or only some of the Debtors’ assets), and any documentation necessary to implement the Exit Facilities will be included in the Plan Supplement.

• The Reorganized Debtors shall use proceeds of the Exit Facilities, as applicable, to fund ongoing operations and distributions under the Plan and to satisfy other Cash obligations under the Plan.

More Definitions of Exit Facilities

Exit Facilities means, collectively, the Exit ABL Facility, the First Out Exit Term Loan Facility, and the Second Out Exit Term Loan Facility.

Exit Facilities means, collectively, the Exit Facility and the Exit ABL Facility.

Exit Facilities means the Exit Revolving Credit Facility, the Exit Term Loan Facility, and the Exit Notes.

Exit Facilities means the Exit ABL Facility, the Exit Term Facility, and the Additional Exit Financing (if any).

Exit Facilities means the New First Lien Facility and the New Second Lien Facility.

Exit Facilities means the Revolving Exit Facility, the New Senior Secured Term Loan Facility and the New Second Lien Term Loan Facility.

Exit Facilities means the New ABL Facility and the New First Lien Term Loan Facility.