ABL DIP Facility definition

ABL DIP Facility means the debtor-in-possession credit facility, in an aggregate amount of up to

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ABL DIP Facility means the $80,000,000 debtor-in-possession credit facility to be provided to the Company Parties in accordance with the terms, and subject to the conditions, set forth in the ABL DIP Credit Agreement and the DIP Orders.

ABL DIP Facility means the new superpriority, asset-based, senior secured, debtor in possession revolving credit facility to be issued by the Reorganized Debtors in accordance with the ABL DIP Documents.

Examples of ABL DIP Facility in a sentence

The ABL DIP Facility shall be in full force and effect and no “Default” or “Event of Default” (as defined in the ABL DIP Credit Agreement) shall have occurred and be continuing under the ABL DIP Credit Agreement that remains uncured or not expressly waived in writing by the ABL DIP Lenders.
None of (a) any Loan Party, any Subsidiary or any of their respective directors, officers or employees, or (b) to the knowledge of any such Loan Party or Subsidiary, any agent of such Loan Party or any Subsidiary that will act in any capacity in connection with or benefit from the ABL DIP Facility established hereby, is a Sanctioned Person.
The purchase price for all Notes shall be deposited into the Proceeds Account pursuant to Section 3.1; provided, that $35,000,000 in proceeds from the initial sale of the Notes shall be directed to the Company’s disbursement account (pursuant to wire instructions provided to the Purchasers) and/or to pay down the ABL DIP Facility and otherwise used in accordance with Section 9.10.
ABL DIP Facility Claim Any Claim on account of the ABL DIP Facility derived from, based upon, relating to, or arising under the ABL DIP Facility Credit Agreement.
Except for fees payable to Agent and the Holders, the lenders and agent under the ABL DIP Facility, and to the Company’s financial advisor (▇▇▇▇▇▇▇▇▇ LLC, or its affiliates), neither the Company nor any of its Subsidiaries has any obligation to any Person in respect of any finder’s, broker’s or investment banker’s fee in connection with the transactions contemplated hereby.

More Definitions of ABL DIP Facility

ABL DIP Facility means the $50 million debtor-in-possession asset-based loan facility to be provided to the Debtors in accordance with the terms and conditions of, and subject in all respects to, the ABL DIP Facility Documents and the DIP Order.

ABL DIP Facility means the revolving credit commitments and the loans made under the ABL DIP Credit Agreement.

ABL DIP Facility means the postpetition financing facility provided for under the ABL DIP Facility Credit Agreement and the Final DIP Order.

ABL DIP Facility means that certain debtor-in-possession credit facility to be provided by the ABL DIP Lenders on the terms of and subject to the conditions set forth in the ABL DIP Credit Agreement.

ABL DIP Facility means the “DIP ABL Facility” as defined in the DIP Order.

ABL DIP Facility means the credit facilities made available to the Borrower pursuant to the ABL DIP Credit Agreement.

ABL DIP Facility has the meaning specified in the recitals hereto.