Credit Bidding definition

Credit Bidding. The DIP Agent and the Prepetition Agent shall have the right, without further application to or approval by the Bankruptcy Court, to “credit bid” (a) with respect to the DIP Agent, (i) the drawn amounts of DIP New Money Loans and (ii) subject to entry of the Final DIP Order, the full amount of the DIP Roll- Up Loans, and (b) with respect to the Prepetition Agent, the full amount of the Prepetition Loans (which, for the avoidance of doubt, shall exclude any Prepetition Loans actually rolled-up into the DIP Facility), in each case, in connection with any sale of all or any portion of the Borrower’s assets, including, without limitation, sales occurring pursuant to section 363 of the Bankruptcy Code or included as part of a Plan subject to confirmation under section 1129(b)(2)(A)(ii)–(iii) of the Bankruptcy Code.
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Credit Bidding. The DIP Agent, upon the instruction of the Requisite DIP Lenders, shall have the right to credit bid the full amount of the DIP Obligations.
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Examples of Credit Bidding in a sentence

  • Administrative Agent May File Proofs of Claim; Credit Bidding 166 Section 9.11.

  • Administrative Agent May File Proofs of Claim; Credit Bidding 141 Section 9.10.

  • Administrative Agent May File Proofs of Claim; Credit Bidding ..................................

  • Administrative Agent May File Proofs of Claim; Credit Bidding 126 Section 9.10.

  • Administrative Agent May File Proofs of Claim; Credit Bidding 204 Section 9.11.

  • Administrative Agent May File Proofs of Claim; Credit Bidding 169 Section 10.10.

  • Holders of Specified Swap Agreement Obligations, Specified Cash Management Obligations and Specified Bilateral Obligations 156 Section 10.9. Credit Bidding 158 Section 10.10.

  • Right to Realize on Collateral and Enforce Guarantee; Credit Bidding 125 Section 9.14.

  • AGENT 95 14.1. Appointment 95 14.2. Rights as a Lender 96 14.3. Duties and Obligations 96 14.4. Reliance 97 14.5. Actions through Sub-Agents 97 14.6. Resignation 97 14.7. Non-Reliance 98 14.8. Not Partners or Co-Venturers; Agent as Representative of the Secured Parties 99 14.9. Credit Bidding 100 14.10.

  • Administrative Agent May File Proofs of Claim; Credit Bidding 209 Section 9.10.

Related to Credit Bidding

  • Credit Bid means, an offer submitted by Agent (on behalf of the Lender group), based upon the instruction of the Required Lenders, to acquire the property of any Loan Party or any portion thereof in exchange for and in full and final satisfaction of all or a portion (as determined by Agent, based upon the instruction of the Required Lenders) of the claims and Obligations under this Agreement and other Loan Documents.

  • Competitive bidding means a transparent process for procurement of equipment, services and works in which bids are invited by the project developer by open advertisement covering the scope and specifications of the equipment, services and works required for the project, and the terms and conditions of the proposed contract as well as the criteria by which bids shall be evaluated, and shall include domestic competitive bidding and international competitive bidding;

  • Open Competitive Bidding means a fair and transparent specified procedure defined under these Rules, advertised in the prescribed manner, leading to the award of a contract whereby all interested persons, firms, companies or organizations may bid for the contract and includes both National and International Competitive Biddings;

  • competitive bidding process means a competitive bidding process referred to in paragraph 12 (1) (d) of this Policy;

  • Bidder/Bidding Company means Bidding Company submitting the Bid. Any reference to the Bidder includes Bidding Company / including its successors, executors and permitted assigns as the context may require;