Exit Term Loans definition

Exit Term Loans means the term loans issued under the Exit Facility.

Exit Term Loans means the loans made to the Company pursuant to 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

• To the extent a Holder of an Allowed DIP Claim does not elect to convert its DIP Claim into First-Out Exit Term Loans, such Holder shall have its DIP Claim paid in full in Cash, and to the extent such non-converting Holder does not otherwise fund in Cash its Pro Rata share of First-Out Exit Term Loans, any resulting deficit will be backstopped by the Exit Backstop Parties.

• The Exit Term Loans may be subject to the provisions of the Tax Code dealing with applicable high yield discount obligations (“AHYDOs”).

• The principal amount of First-Out Exit Term Loans shall be adjusted downward on a dollar-for-dollar basis to the extent that the Debtors are, immediately prior to the Effective Date, projected to have in excess of $50 million in Cash immediately following the Effective Date.

• Upon the occurrence and during the continuation of an event of default, unless otherwise waived by the Required Second Lien Exit Lenders (as defined herein), all obligations will bear interest at (i) in the case of principal and interest, a rate equal to 2.00% per annum, plus the otherwise applicable rate to the relevant Second Lien Exit Term Loans and (ii) in the case of all other amounts, at a rate equal to 2.00% per annum plus the rate applicable to Second Lien Exit Term Loans that are ABR loans.

• 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 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 term loans provided under the Exit Facility on the terms and conditions set forth in the Exit Facility Credit Agreement, which shall include the First Out Exit Term Loans and the Second Out Exit Term Loans.

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 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).