DIP Order Sample Clauses

DIP Order. The Bankruptcy Court shall have entered the DIP Order, and such Order shall be a Final Order.
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DIP OrderThe applicable DIP Order shall be in full force and effect and shall not have been vacated, stayed, reversed, modified or amended in any respect without the written consent of Lender in its sole discretion.
DIP Order. The DIP Order (or, in the case of the First Draw, only the Interim DIP Order) shall be in full force and effect and shall not have been vacated, reversed, modified, amended or subject to a stay without the prior written consent of the Required Lenders. Each borrowing by the Borrower hereunder shall constitute a representation and warranty by the Borrower as of the date of such extension of credit that the conditions contained in this Section 3.2 have been satisfied.
DIP OrderThe Interim Order shall have been entered by the Bankruptcy Court and shall not have been amended, modified, repealed or stayed.
DIP OrderThe Company shall not, and shall not permit its Subsidiaries to: (a) seek, consent to or suffer to exist at any time any modification, stay, vacation or amendment of the DIP Order, except for modifications and amendments joined in or agreed to in writing by Required Holders; (b) seek the use of “Cash Collateral” (as defined in the DIP Order) in a manner inconsistent with the terms of the DIP Order without the prior written consent of Required Holders; (c) suffer to exist at any time a priority for any administrative expense or unsecured claim against any Credit Party (now existing or hereafter arising of any kind or nature whatsoever, including, without limitation, any administrative expenses of the kind specified in Sections 105, 326, 328, 503((b), 506(c), 507(a), 507(b), 546(c), 552(b), 726 and 1114 of the Bankruptcy Code) or any super priority claim which is equal or superior to the priority of the Holders in respect of the Obligations or the Prepetition Notes Holders in respect of the Prepetition Notes Obligations except as expressly permitted by the DIP Order; or (d) prior to the date on which the Prepetition Notes Obligations and Obligations have been paid in full, pay any administrative expenses, except administrative expenses incurred in accordance with the Approved DIP Budget.
DIP Order. The DIP Order and the transactions contemplated hereby and thereby are in full force and effect and have not been vacated, reversed, modified, amended or stayed without the prior written consent of the Administrative Agent and the Majority Lenders.
DIP Order. The DIP Order is valid, genuine, legal and enforceable against the Credit Parties and the other parties subject thereto, and has not been reversed, stayed (whether by statutory stay or otherwise), modified, waived or amended without the consent of the Required Lenders.
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DIP Order. The DIP Order shall have been entered by the Bankruptcy Court and shall not have been vacated, reversed modified, amended or stayed without the consent of the Required Lenders, in addition to such other consent rights of the Prepetition Secured Parties as set forth in the DIP Order.
DIP Order. The DIP Order is, following the entry thereof, effective to create in favor of the Administrative Agent, for the benefit of the Secured Parties, a legal, valid, binding and enforceable perfected first priority priming security interest in the Collateral without the necessity of the execution of mortgages, security agreements, pledge agreements, financing statements or other agreements or documents.
DIP Order. The Bankruptcy Court shall have entered the Order in form and substance satisfactory to the Agents and the Required Lenders and consistent with the terms set forth herein, authorizing the transactions contemplated by this Agreement and the Credit Documents, the granting of Superpriority Claims to the Agents and the Lenders and Liens to the Agents for the benefit of the Lenders under the Facility senior in priority to all prepetition liens and claims (subject to the Carve Out and except for liens permitted under the Indenture to be senior in priority to the liens securing the Bonds), which liens shall be continuing, valid, binding, enforceable, non-avoidable and automatically perfected and senior in priority to all prepetition liens subject only to the Carve Out and except for Liens permitted under this Agreement to be senior in priority to the liens securing the Obligations, authorizing an extension of credit under the Facility in an aggregate principal amount not greater than the Final Borrowing Amount, modifying the automatic stay to permit the creation and perfection of the Liens and containing a good faith finding under Section 364(e) of the Bankruptcy Code, which order shall be in full force and effect and shall not have been reversed, modified, amended, stayed (unless otherwise approved by the Agents and the Required Lenders) or subject to a motion for reargument or reconsideration in a manner that is adverse to the interests of the Lenders. Such Order shall include provisions, in form and substance satisfactory to the Agent and Required Lenders that Section 551 of the Bankruptcy Code shall not apply to preserve for the benefit of the Borrower’s estate any avoided security interest or Lien pari passu or senior to a Lien securing the Loans and Obligations, and waivers of any surcharge to the collateral securing or Superpriority Claims with respect to the Loans and Obligations under Section 506(c) of the Bankruptcy Code.
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