DIP ABL Loans definition

DIP ABL Loans means the “Loans” as defined in the DIP ABL Credit Agreement.
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DIP ABL Loans means the loans provided under the DIP ABL Facility.
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DIP ABL Loans means the amounts loaned by the DIP ABL Lenders pursuant to the DIP ABL Credit Documents.
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Examples of DIP ABL Loans in a sentence

  • The conversion and “roll-up” of Prepetition Term Loans into DIP Term Loans and Prepetition ABL Loans into DIP ABL Loans will enable the CA Debtors to obtain urgently needed financing that will allow them to free up liquidity to fund the chapter 11 process.

  • Without any further action by the CA Debtors or any other party, upon entry of the Final Order (a) the Term Roll-up Amount shall be converted into DIP Term Loans, and (b) the then-remaining outstanding balance of the Prepetition ABL Loans (which have not already been rolled up) shall be converted into DIP ABL Loans.

  • The Debtors are hereby authorized (a) on an interim basis, to obtain the Interim DIP ABL Loans in an amount not to exceed $50,000,000 and (b) subject to entry of the Final Order, to obtain the Final DIP ABL Loans in an amount not to exceed $100,000,000 (cumulative of the Interim DIP ABL Loans) as provided in the DIP ABL Credit Agreement, in each case in accordance with the terms and conditions set forth herein and in the DIP ABL Credit Agreement and the DIP Documents.

  • The Debtors, the Agent, and the Lenders have agreed on a number of measures designed to adequately protect the Lenders’ interests in their collateral, as well as for any decline12 “ Total Liquidity” means the amount by which the line cap exceeds the aggregate amount of DIP ABL Loans and letter of credit exposure under the DIP Facility.

  • The DIP ABL Loans are necessary to fund critical expenses and to provide the Debtors with an orderly transition into the Chapter 11 Cases.

  • The Debtors and their estates will suffer immediate and irreparable harm, if the interim relief requested herein, including authorizing the Debtors to use the Cash Collateral and to receive DIP ABL Loans under the DIP Facility, is not granted promptly.

  • Upon entry of this Interim Order, the Borrower is hereby authorized to borrow, and the Guarantors are hereby authorized to guaranty, borrowings up to an aggregate principal amount of: (a) $80 million in DIP ABL Loans and (b) $50 million in DIP Term Loans, subject to and in accordance with this Interim Order.

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  • The DIP ABL Facility may, without any further approval of this Court, at the option of the DIP ABL Borrowers, and with no obligations or commitments on the part of the then existing DIP ABL Lenders, be increased pursuant to the terms of, and subject to the conditions set forth in, the DIP ABL Agreement; provided that, subjectto the last sentence of paragraph 6(d)(ii), the aggregate amount of DIP ABL Loans borrowed prior to entry of the Final Order shall not exceed the amount authorized in paragraph 6(a).

  • The DIP ABL Loans are necessary to fund critical expenses and to provide the Debtors with an orderly transition into these Chapter 11 Cases.

Related to DIP ABL Loans

  • ABL Loans means the “Loans” as defined in the ABL Credit Agreement.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Second Lien Loans means “Loans” under and as defined in the Second Lien Credit Agreement.

  • Senior Loans means the loans and other extensions of credit made by the Senior Lenders to Borrower pursuant to the Senior Credit Agreement.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • First Lien Term Loans means the “Term Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

  • First Lien Last Out Loan means a loan that, prior to an event of default under the applicable Related Contract, is entitled to receive payments pari passu with other senior secured loans of the same Obligor, but following an event of default under the applicable Related Contract, such Collateral Loan becomes fully subordinated to other senior secured loans of the same Obligor and is not entitled to any payments until such other senior secured loans are paid in full.

  • Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Bank Loans means debt obligations (including term loans, notes, revolving loans, debtor-in-possession financings, the funded and unfunded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans and senior subordinated loans) which are generally under a loan or credit facility (whether or not syndicated) or note purchase agreement.

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Intercompany Loans shall have the meaning provided in Section 10.05(h).

  • Performing First Lien Bank Loans means First Lien Bank Loans which are Performing.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Refinancing Loans means the Refinancing Revolving Loans and the Refinancing Term Loans.

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

  • ABL Loan Documents means the “Loan Documents” as defined in the ABL Credit Agreement.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Term Loan Collateral means all assets, whether now owned or hereafter acquired by any Loan Party, in which a Lien is granted or purported to be granted to any Term Loan Secured Party as security for any Term Loan Obligation.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Refinancing Revolving Loans has the meaning assigned to such term in Section 2.26(a).

  • 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.

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.