Canadian DIP Order definition

Canadian DIP Order means the order granted by the Canadian Court on or about December 18, 2009 upon an application made by the Canadian Borrower in respect of, inter alia, this Agreement and the other Credit Documents to which the Canadian Borrower is a party, in form and substance satisfactory to the sole discretion of the Required Lenders, as such order may be amended, restated, supplemented or modified from time to time with the consent of the Required Lenders in their sole discretion and in form and substance satisfactory to the sole discretion of the Required Lenders.
Sample 1Sample 2
Canadian DIP Order collectively, the amended and restated Initial Order of the Canadian Bankruptcy Court issued in the CCAA Proceedings, which, among other matters but not by way of limitation, authorizes the Loan Parties to obtain credit, incur (or guarantee) Indebtedness, and grant Liens under this Agreement and the other Loan Documents and provides for the super-priority of the Collateral Agent’s and the Lenders’ claims, subject only to the exceptions as to priority provided therein and which order shall be satisfactory in form and substance to the Agents and Lenders, together with all extensions, modifications and amendments thereto, in form and substance satisfactory to the Agents and Lenders.
Sample 1
Canadian DIP Order means the Canadian Supplemental Order or the Canadian Comeback Order, as applicable.
Sample 1

Examples of Canadian DIP Order in a sentence

  • The respective priorities of the DIP Facility and other parties claiming Liens on all or any part of the Collateral shall be as set forth in the Final Order and the Canadian DIP Order.

  • Upon the entry of the DIP Order and the Canadian DIP Order by the Bankruptcy Court and the Canadian Court, respectively, the execution, delivery and performance of the Credit Documents have been duly authorized by all necessary action on the part of each Credit Party that is a party thereto.

  • Charge” shall mean the “New DIP Lenders’ Charge” as provided in the Canadian DIP Order; provided that the granting of such DIP Lenders’ Charge by the Canadian Court shall have full force and effect with respect to this Agreement only upon the borrowing being made by the Canadian Borrower on the Borrowing Date pursuant to this Agreement.

  • No default has occurred and is continuing under any Material Contract that is not otherwise stayed by the Interim Order, the Final Order, the Initial Order or the Canadian DIP Order, as applicable.

  • The Interim Order, the Initial Order, the Canadian DIP Order and the Final Order, as the case may be, and all Credit Documents shall be in full force and effect, and shall not (in whole or in part) have been reversed, modified, amended, stayed, vacated, appealed or subject to a stay pending appeal or otherwise challenged or subject to any challenge in any jurisdiction worldwide.

  • All the above verbs are Non-Core Transitive Verbs (Levin 1999), i.e. their objects can easily be left out (7).

  • The Agents shall have received on or before the Filing Date, copies of the first day motions to be filed by the Borrower with the US Bankruptcy Court in the Chapter 11 Cases and the Canadian DIP Order to be requested from the Canadian Bankruptcy Court in the CCAA Proceedings, each of which shall be in form and substance satisfactory to the Agents.

  • Subject, in the case of the Debtors, to the entry by the Bankruptcy Court of the Interim Order and the Final Order and the entry by the Canadian Court of the Canadian DIP Order, as applicable, each component of the Transaction to be entered into by each Credit Agreement Party and its Subsidiaries has been duly authorized by all necessary Company action and, if required, stockholder action.


More Definitions of Canadian DIP Order

Canadian DIP Order means the Canadian Interim Order or the Canadian Final Order, as applicable.
Sample 1

Related to Canadian DIP Order

  • DIP Order means the Interim Order, unless the Final Order shall have been entered, in which case it means the Final Order.

  • Interim DIP Order means an interim order of the Bankruptcy Court approving the DIP Facilities Motion, which order shall be consistent in all material respects with this Agreement and the DIP Credit Agreements, and otherwise in form and substance acceptable to the Debtors and the Requisite Consenting Creditors.

  • DIP Orders means, collectively, the Interim DIP Order and the Final DIP Order.

  • Final DIP Order means a final order of the Bankruptcy Court approving the DIP Facilities Motion, which order shall be consistent in all material respects with this Agreement and the DIP Credit Agreements and otherwise in form and substance acceptable to the Debtors and the Requisite Consenting Creditors.

  • Canadian Court means the Ontario Superior Court of Justice (Commercial List).

  • Canadian Facility means, at any time, the aggregate amount of the Canadian Commitments at such time.

  • Canadian Collateral means any and all property of any Canadian Loan Party covered by the Collateral Documents and any and all other property of any Canadian Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Canadian Secured Obligations.

  • Canadian Security Documents means the Canadian Security Agreement, any share pledge agreement governed by Canadian law which provides for a Lien in favor of the Agent as security for any of the Obligations, and each other agreement, document or instrument executed by any Loan Party governed by Canadian law which provides for a Lien in favor of the Agent as security for any of the Obligations.

  • Canadian Obligations means the Obligations owing by the Canadian Borrower.

  • Interim Order means the interim order of the Court, as the same may be amended, in respect of the Arrangement;

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • Dollar Letters of Credit means Letters of Credit that utilize the Dollar Commitments.

  • Credit Document Obligations shall have the meaning provided in the definition of "Obligations" in this Article IX.

  • DIP Facility Documents means the DIP Credit Agreement and any other documents and agreements entered into in connection with the DIP Credit Agreement or the incurrence of the DIP Facility and any orders of the Bankruptcy Court related thereto or entered in connection therewith.

  • DIP means (1) the debtor in possession in a chapter 11 case in which no trustee has been appointed and is serving, and (2) the debtor in possession in a chapter 12 case in which the debtor has not been removed under §1204 without reinstatement.

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Trade Letters of Credit shall have the meaning assigned to such term in Section 2.05(a).

  • Multicurrency Letters of Credit means Letters of Credit that utilize the Multicurrency Commitments.

  • Final Order means, as applicable, an order or judgment of the Bankruptcy Court or other court of competent jurisdiction with respect to the relevant subject matter that has not been reversed, stayed, modified, or amended, and as to which the time to appeal or seek certiorari has expired and no appeal or petition for certiorari has been timely taken, or as to which any appeal that has been taken or any petition for certiorari that has been or may be filed has been resolved by the highest court to which the order or judgment could be appealed or from which certiorari could be sought or the new trial, reargument, or rehearing shall have been denied, resulted in no modification of such order, or has otherwise been dismissed with prejudice.

  • DIP Facility Claim means a Claim arising under or as a result of the DIP Facility.

  • Revolving Loan Documents has the meaning specified for the term “Loan Documents” in the Revolving Credit Agreement.

  • Canadian Letter of Credit means any letter of credit issued by the Canadian Lender pursuant to Section 2.03. A Canadian Letter of Credit may be a commercial letter of credit or a standby letter of credit. No Letter of Credit shall be or become a Canadian Letter of Credit.

  • First Lien Credit Documents means the “Credit Documents” as defined in the First Lien Credit Agreement.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Revolving Credit Documents means the Revolving Credit Agreement and the Revolving Credit Collateral Documents.