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 $430,500 (excluding accrued and unpaid interest).
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DIP Advances means any Advance made under the DIP Commitment.
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Examples of DIP Advances in a sentence

  • At no time shall the DIP Lender be required to advance any DIP Advance unless such DIP Advances rank in priority to all encumbrances other than the Administration Charge.

  • 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.

  • Leslie, D.S., Collins, E.J.: Individual Q-Learning in Normal Form Games.

  • Without the approval of the DIP Advances, the Debtors will not be able to continue their post-petition operations during the Chapter 11 Cases.

  • The purpose of these studies is to identify the actual risks imposed by operations and areas where mitigation efforts would be most effective.

  • Senior Secured Lender’s credit bid (in an amount to be determined during the Sale) of up to the outstanding balance due under the Post-Petition DIP Advances and the Pre-Petition Senior Secured Loan.

  • To the extent that such claims and/or security interests or liens are deemed not to be valid or to have priority over the Bonds as of the Petition Date, then the DIP Advances shall not be subordinated such claims and/or security interests or liens.current market conditions and under the particular circumstances of the Chapter 11 Cases, there are no other sources of funding on an interim basis.

  • 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).

  • Immediately upon the occurrence and during the continuance of an Event of Default under Section 12 hereof, the DIP Advances shall bear interest at a rate per annum which is two (2) percentage points above the Interest Rate (the “Default Rate”).Payment or acceptance of the increased interest rate provided in this Section 4.2 is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of the Lender.

  • 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.


More Definitions of DIP Advances

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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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 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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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.

  • 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.

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

  • 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 has the meaning set forth in Section 2.1(a).

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

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

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

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • 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 each is defined in Section 1.7 hereof.

  • First Lien Loans means the loans made under 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.