DIP Administrative Agent definition
Examples of DIP Administrative Agent in a sentence
The Borrower shall deliver a written notice to the DIP Administrative Agent electing to extend the maturity date of the DIP Facilities Documentation.
Each DIP Loan Party agrees to take all further actions and execute all further documents as the DIP Administrative Agent may from time to time reasonably request to carry out the transactions contemplated by this Amendment and all other agreements executed and delivered in connection herewith.
The Guarantor hereby confirms to the DIP Administrative Agent and the other DIP Secured Parties that, after giving effect to this Amendment, the guarantee made by the Guarantor in favor of the DIP Secured Parties pursuant to Section 14.01 of the DIP Credit Agreement continues in full force and effect.
Ankura Trust Company, LLC will act as administrative agent (in such capacity, the “DIP Administrative Agent”) and collateral agent (in such capacity, the “DIP Collateral Agent”, and together with the DIP Administrative Agent, collectively, the “DIP Agent”) for the DIP Lenders with respect to the DIP Facility and will perform the duties customarily associated with such roles.
Except as expressly set forth herein, the execution of this Agreement shall not operate as a waiver of any right, power or remedy of the DIP Administrative Agent, the DIP Collateral Agent or the Existing DIP Lenders, nor constitute a waiver of any provision of any of the DIP Credit Documents.