DIP ABL Facility definition

DIP ABL Facility means that certain $85.0 million debtor-in-possession revolving credit facility under the DIP ABL Facility Loan Agreement.

DIP ABL Facility means that certain $35,000,000 debtor-in-possession financing facility, available pursuant to the terms and conditions of the DIP ABL Agreement.

DIP ABL Facility means the debtor-in-possession asset-based revolving credit facility provided by the DIP ABL Agreement, as approved by the DIP Orders and as it may be amended, modified, ratified, extended, renewed, restated or replaced from time to time in accordance with the DIP ABL Agreement and the DIP Orders.

Examples of DIP ABL Facility in a sentence

• In connection with the Bankruptcy Filing, the Debtors entered into an amended and restated senior secured debtor-in-possession and exit asset-based revolving credit agreement (the "DIP ABL Facility"), which amends and restates the Company’s existing ABL Facility.

• Further, the Company entered into a senior secured debtor-in-possession term loan agreement (the"DIP Term Loan Facility") (collectively with the DIP ABL Facility, the "DIP Facilities").

• Except to the extent that a Holder of an Allowed DIP ABL Facility Claim agrees to a less favorable treatment, in full and final satisfaction, settlement, release and discharge of each Allowed DIP ABL Facility Claim, on the Effective Date, each Holder of an Allowed DIP ABL Facility Claim will either: (a) be paid indefeasibly in full in Cash or (b) with the consent of such Holder, receive its Pro Rata share of the Exit ABL Facility.

• The DIP ABL Agent shall be deemed to be the holder of all DIP ABL Facility Claims for purposes of distributions to be made hereunder, and all distributions on account of such DIP ABL Facility Claims shall be made to the DIP ABL Agent.

• The DIP ABL Claims shall be satisfied in full by either: (a) the conversion on the Effective Date of the DIP ABL Facility into the New ABL Facility in accordance with the terms and conditions of the DIP ABL Credit Agreement; or (b) the termination of all commitments, payment in full in Cash of all outstanding obligations and cash collateralization, return or backstopping of all letters of credit issued thereunder in a manner satisfactory to the DIP Agent.

More Definitions of DIP ABL Facility

DIP ABL Facility means the debtor in possession asset-based revolving loan facility provided under the DIP ABL Credit Agreement.

DIP ABL Facility means that certain debtor-in-possession asset-based credit facility available pursuant to the terms and conditions of DIP ABL Agreement and the other Credit Documents (as defined in the DIP ABL Agreement) in the aggregate principal amount of up to $300 million.

DIP ABL Facility means that certain debtor-in-possession credit facility created under the DIP Credit Agreement, which includes, pursuant to the Interim DIP/Cash Collateral Order, a roll-up of all obligations under the ABL Credit Agreement.

DIP ABL Facility means any senior secured asset-based revolving credit facility in accordance to the terms and conditions set forth in the DIP ABL Agreement and the DIP Financing Order, as applicable.

DIP ABL Facility means the debtor-in-possession secured revolving credit facility provided to the Debtors by the DIP ABL Lenders pursuant to the DIP ABL Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Order, as may be amended or modified from time to time.

DIP ABL Facility means that certain debtor-in-possession asset based loan facility, the terms of which shall be consistent with the credit agreement, substantially in the form attached as Exhibit 1-A to the Restructuring Term Sheet.

DIP ABL Facility means that certain senior secured super priority debtor-in- possession asset-based revolving credit facility made available to the Debtors pursuant to the DIP ABL Facility Loan Documents and the DIP Orders.