Common use of Priming DIP Financing Clause in Contracts

Priming DIP Financing. Second Lien Agent, on behalf of itself and the Second Lien Lenders, agrees that it shall not, directly or indirectly, provide, offer to provide or support any DIP Financing secured by a Lien senior to or pari passu with the Liens securing the First Lien Indebtedness. Each of First Lien Agent and First Lien Co-Agent, on behalf of itself and the First Lien Lenders, agrees that it shall not, directly or indirectly, provide, offer to provide or support any DIP Financing on terms in contravention of Section 5.d.

Priming DIP Financing. If the First Lien Agent or any First Lien Lender offers to provide a DIP Financing that meets the requirements set forth in Section 3.d, the Second Lien Agent, on behalf of itself Agent and the Second Lien Lenders, agrees Lenders agree that it they shall not, directly or indirectly, provide, offer to provide or support any DIP Financing secured by a Lien senior to or pari passu with the Liens securing the First Lien Indebtedness. Each of First Lien Agent and First Lien Co-Agent, on behalf of itself and the First Lien Lenders, agrees that it shall not, directly or indirectly, provide, offer to provide or support any DIP Financing on terms in contravention of Section 5.d.