Examples of New Revolving Credit Agreement in a sentence
Notwithstanding the foregoing, reserves for Disputed Claims will not be required to the extent that Reorganized RBX maintains sufficient availability under its New Revolving Credit Agreement to satisfy such Disputed Claims if and when Allowed.
It shall also be a condition precedent to the confirmation of the Plan that the Debtors shall have received a signed commitment for the New Revolving Credit Agreement which is in form and substance acceptable to the Debtors, the 12% Indenture Trustee and the Informal Noteholders Committee; and that the Confirmation Hearing shall have been commenced by July 15, 2001.
Reorganized RBX intends to enter into the New Revolving Credit Agreement and the New Term Loan Agreement as of the Effective Date for the provision of up to a $55 million credit facility which may be drawn upon to fund payments required to be made on the Effective Date and to provide working capital for the operation of Reorganized RBX.
As of the Effective Date, all of the Debtors will be merged into Reorganized RBX and Reorganized RBX will operate the Debtors' businesses, funded pursuant to the Exit Financing Agreement, including the New Revolving Credit Agreement, the applicable terms of which shall be comparable to those set forth in the DIP Facility Agreement.
The Revolving Credit Agreement is terminated upon (i) the execution and delivery of this Agreement and (ii) the occurrence of the Effective Date (as defined in the New Revolving Credit Agreement) under the New Revolving Credit Agreement.