Full Availability. Upon the Bankruptcy Court’s entry of the Final Order, and satisfaction of all applicable conditions precedent described herein, following the Initial Draw, the full remaining amount of the then undrawn DIP Facility (after giving effect to any repayments of the Initial Draw prior to the entry of the Final Order) shall be available to the Debtors, subject to compliance with the terms, conditions and covenants described herein and in the DIP Documents in additional draws (“Other Draws”). Other Draws shall only be permitted when the Debtors’ cash on hand (other than cash in the Carve-out Account) prior to giving effect to such draw is less than $30,000,000. In addition, Other Draws shall be made (x) only in a principal amount of not less than $5,000,000, per draw and (y) in no more than five (5) draws and (z) no more frequently than once every three (3) weeks. In addition, a final single draw (which shall also be deemed to be an “Other Draw” for purposes hereof (other than requiring satisfaction of the conditions set forth in clauses (x) and (y) above)) in an amount not to exceed the amount of the then undrawn DIP Commitment, as then in effect, may be requested; provided that at the time of (and prior to giving effect to) such final draw, the Debtors’ cash then on hand (other than cash in the Carve-out Account) is less than $30,000,000 (the “Final Draw”).
Full Availability. Upon the Bankruptcy Court’s entry of the Final Order (the “Final Order Entry Date”), the full amount remaining of the DIP Term Loan commitments shall be available to the Borrowers, subject to compliance with the terms, conditions and covenants described herein and in the DIP Loan Documents (the “Full Availability”).
Full Availability. Upon entry of the Final Order (as defined below) by the Bankruptcy Court and satisfaction of all other applicable conditions precedent, up to the full remaining principal amount of the DIP Facility shall be made available in additional draws prior to the DIP Termination Date (each, a “Subsequent Draw”, and each date of a Subsequent Draw, a “DIP Draw Date”). Each Subsequent Draw shall be in a minimum amount of $5,000,000.
Full Availability. Upon the Bankruptcy Court’s entry of the Final Order (the “Final Order Entry Date”), all amounts of the DIP Loan unfunded as of the Final Order Entry Date shall be available in a single draw to the Debtors (excluding any draws under the Interim Facility), subject to compliance with the terms, conditions, and covenants set forth in this DIP Term Sheet.
Full Availability. (a) [Reserved].
