Interim DIP Order Sample Clauses
The Interim DIP Order clause establishes the initial court authorization for a debtor-in-possession (DIP) to obtain financing or use cash collateral during the early stages of bankruptcy proceedings. This order typically grants temporary approval for the debtor to access funds or credit, subject to certain conditions and limitations, until a final hearing can be held. Its core practical function is to ensure the debtor has immediate access to necessary liquidity to continue operations and preserve the value of the estate while the court considers a more permanent financing arrangement.
Interim DIP Order. The Bankruptcy Court shall have entered the Interim DIP Order approving this Agreement and the other Loan Documents, in form and substance satisfactory to Lender. The Interim DIP Order shall be in full force and effect and shall not have been reversed, modified, amended or stayed (other than with prior written consent of Lender, which consent may be withheld in Lender’s sole discretion).
Interim DIP Order. (i) The Bankruptcy Court shall have entered the Interim DIP Financing Order within five (5) days following the Petition Date, which Interim DIP Financing Order (1) shall be in full force and effect and in form and substance satisfactory to Administrative Agent and Initial Lender in their sole discretion, and (2) shall not have been reversed, modified, amended, stayed, vacated or subject to a stay pending appeal, without the prior written consent of Administrative Agent and Initial Lender and each Borrower shall be in compliance with such order.
Interim DIP Order. The Interim DIP Order (i) shall have been entered within five days of the Petition Date (or such longer period as the Required Lenders may agree ) and shall be in full force and effect and (ii) shall not have been amended, supplemented, appealed, altered, stayed, vacated, rescinded or otherwise modified, without the prior written consent of the Required Lenders.
Interim DIP Order. (i) The Interim DIP Order shall be in full force and effect and shall not have been vacated, stayed, reversed, overturned, modified or amended in any respect without the prior written consent of the Administrative Agent and (ii) the Debtors shall be in compliance in all respects with the Interim DIP Order. Upon entry of the Interim DIP Order, the entry into this Agreement shall not violate any Requirement of Law and shall not be enjoined, temporarily, preliminarily or permanently.
Interim DIP Order. Not later than three Business Days following the Petition Date, the Bankruptcy Court shall have entered the Interim DIP Order in form and substance reasonably acceptable to the Requisite Lenders authorizing and approving the making of the DIP First Funding Loans, the granting of the DIP Superpriority Claims and Liens described in Section 2.29, which Interim DIP Order shall not have been vacated, reversed, modified, amended, or stayed. The Interim DIP Order shall contain provisions granting the adequate protection liens and related adequate protection claims in accordance with the priorities set by the Lien Priorities Chart and each subject and subordinate in all cases to the Carve Out.
Interim DIP Order. The Administrative Agent shall have received a certification that the Interim DIP Order has been entered by the Bankruptcy Court (which may be satisfied by providing the Administrative Agent with a copy of the signed Interim DIP Order). The Interim DIP Order shall not have been reversed, modified, amended, stayed or vacated, or in the case of any modification or amendment, in any manner without the consent of the Required DIP Lenders, and the Debtors shall be in compliance in all respects with the Interim DIP Order.
Interim DIP Order. The Interim DIP Order shall have been entered by the Bankruptcy Court, and such order shall not have been appealed, stayed, reversed, vacated, amended or modified.
Interim DIP Order. Notwithstanding the foregoing, the Approved Budget shall be mutually agreed upon by the Debtor and the DIP Lender, as may be modified from time to time by the Debtor with the consent of the DIP Lender in its sole discretion, but without need for further Court order.
Interim DIP Order. The Interim DIP Order Entry Date shall have occurred, and the Interim DIP Order shall be in full force and effect.
Interim DIP Order. The Bankruptcy Court shall have entered the Interim DIP Order and the Interim DIP Order shall be in full force and effect.