DIP Advances definition

DIP Advances means the aggregate outstanding Postpetition advances extended to the Debtors by the DIP Lender in accordance with and subject to the terms and conditions of the DIP Financing Order and the DIP Loan Agreement.
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DIP Advances means, collectively, the (a) the aggregate outstanding Postpetition advances extended to the Debtors by the DIP Lender pursuant to the DIP Loan Documents and in accordance with and subject to the terms and conditions of the DIP Financing Orders, which advances, as of December 2, 2011, totaled $615,000 (excluding accrued and unpaid interest).
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DIP Advances means the aggregate amount of advances made by Purchaser to or for the benefit of Debtor pursuant to (a) the DIP Credit or (b) any other financing agreement which, in the case of this clause (b), is advanced prior to the date the Deposit is due to be made hereunder.
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Examples of DIP Advances in a sentence

  • If any party shall appeal any order approving the DIP Facility or shall successfullychallenge the validity, perfection, or priority of any pre-petition liens in favor of the Administrative Agent (on behalf of Lenders), Lenders may terminate their commitment to fund any DIP Advances (as defined in the Credit Agreement) and stop funding any DIP Advances upon written notice to Debtors.

  • If the Required DIP Lenders utilize the PIK Election, the Borrower shall pay the interest on the aggregate outstanding principal amount of the DIP Advances by adding such accrued interest to the principal amount of the DIP Obligations on the last Business Day of each calendar month.

  • Any reborrowings of any Reversed Cash Collateral Payments that have been made as DIP Advances under this Agreement shall be reversed so that such DIP Advances are deemed to be repaid and the Existing Obligations are increased by a corresponding amount, in each case without any cash payments being made.

  • The DIP Lender’s commitment to make DIP Advances to the Borrower shall expire on the Maturity Date and all amounts outstanding under the DIP Facility shall be permanently and indefeasibly repaid no later than the Maturity Date, without the DIP Lender being required to make demand upon the Borrower or the other Loan Parties or to give notice that the DIP Facility has expired and the obligations thereunder are due and payable, except as required by the DIP Order.

  • The DIP Advances shall be paid through the DIP Lender’s extension of post-confirmation financing (“Exit Financing”) to the reorganized Debtor in the amount of the DIP Advances, the proceeds of which will be utilized to pay the DIP Advances in full on the Effective Date.

  • No proceeds of the DIP Advances may be used for any purpose other than in accordance with the Amended Cash Flow Projections except with the prior written consent of the DIP Lender, which consent shall not be unreasonably withheld.

  • The balances due under the Post-Petition DIP Advances and the Pre-Petition Senior Secured Loan consist of the principal balance of approximately $49,600,000 and$3,000,000 (assuming the Post-Petition DIP Advances are fully funded), respectively, plus additional advances, interest at the default rate, attorneys’ fees, costs and other expenses.

  • Prior to payment in full of the DIP Advances, the Debtors shall not sell, pledge, hypothecate, or otherwise encumber any Post-Petition Collateral (any such sale, pledge, hypothecation, or other transfer shall be void ab initio).

  • All DIP Advances (as defined below) shall be deposited into an account acceptable to the Borrower, the Monitor and the DIP Lender (the “Account”) and withdrawn to pay contemplated expenses under the Amended Cash Flow Projections (as defined below) and otherwise in accordance with the terms hereof.

  • With respect to its DIP Commitment, its DIP Advances, and any Loan Papers, Bank of America, N.A. has the same Rights under this Agreement as any other Lender and may exercise the same as though it were not Administrative Agent.


More Definitions of DIP Advances

DIP Advances means the aggregate outstanding Postpetition advances extended to Biovest by the DIP Lender pursuant to the DIP Loan Documents and in accordance with and subject to the terms and conditions of the DIP Financing Order. As of the date of the Plan, the DIP Advances totaled $1,640,000.00. Notwithstanding anything to the contrary contained in the Plan, the DIP Advances shall not exceed the sum of $3,000,000.00.
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DIP Advances means the aggregate outstanding Postpetition advances extended to the Debtors by AMPAC pursuant to the DIP Credit Agreement and in accordance with and subject to the terms and conditions of the DIP Financing Order. As of the date of the Plan, the DIP Advances totaled approximately $2,500,000.
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DIP Advances means any Advance made under the DIP Commitment.
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Related to DIP Advances

  • Revolving Advances means Advances made other than Letters of Credit.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category. “Eligible Purchases” These are from purchases of goods and services you make with your account (a) at certain merchants or of specified types listed in the Schedule; and (b) in which a single or multiple items are purchased in the same transaction totaling certain amounts as listed in the Schedule. Each Eligible Purchase may be kept track of separately on your statement and may be treated as its own Balance Category. Eligible Purchase(s) may also be referenced and abbreviated as “Elig Purch” in some locations in the Schedule.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • or "Advances means a cash advance or cash advances under the Revolving Facility.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Protective Advances has the meaning specified therefor in Section 2.3(d)(i) of the Agreement.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Nonrecoverable Advances With respect to any Mortgage Loan, (i) any Servicing Advance or Monthly Advance previously made and not reimbursed pursuant to Section 3.03(ii) or (ii) a Servicing Advance or Monthly Advance proposed to be made in respect of a Mortgage Loan or REO Property which, in the good faith business judgment of the Servicer, as evidenced by an Officer’s Certificate delivered to the Seller and the Trustee no later than the Business Day following such determination, would not be ultimately recoverable pursuant to Section 3.03(ii).

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Revolving Loans as defined in Section 2.4(a).

  • Permitted Intercompany Advances means loans made by (a) a Loan Party to another Loan Party other than Parent, (b) a Subsidiary of a Loan Party that is not a Loan Party to another Subsidiary of a Loan Party that is not a Loan Party, and (c) a Subsidiary of a Loan Party that is not a Loan Party to a Loan Party, so long as the parties thereto are party to the Intercompany Subordination Agreement.

  • Servicing Advances All customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Master Servicer of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any expenses reimbursable to the Master Servicer pursuant to Section 3.11 and any enforcement or judicial proceedings, including foreclosures, (iii) the management and liquidation of any REO Property and (iv) compliance with the obligations under Section 3.09.

  • Swing Loans means collectively and “Swing Loan” shall mean separately all Swing Loans or any Swing Loan made by the Swingline Lender to the Borrower pursuant to Section 2.6.3 [Making Swing Loans].

  • Special Agent Advances shall have the meaning set forth in Section 12.11 hereof.

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

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Revolving Advance has the meaning given in Section 2.1.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Other Loans means one or more Classes of Loans that result from a Refinancing Amendment or a Loan Modification Agreement.

Most Referenced Clauses

Most Referenced Definitions