Examples of DIP Agreements in a sentence
The DIP Facilities Claims shall be Allowed Claims in the full amount outstanding under the DIP Agreements, including principal, interest, fees, and expenses.
Nothing in the Plan or the Confirmation Order affects the DIP Lenders’ rights or interests provided under the DIP Facilities, the DIP Agreements, or the DIP Orders, including with respect to (1) any waivers or releases contained therein or (2) the DIP Agents’ rights to exercise event of default remedies (including after the Confirmation Date and before the Effective Date), until the DIP Claims are satisfied in full.
The Debtors shall indemnify and hold harmless the DIP Agents and the DIP Lenders in accordance with the terms and conditions of the DIP Agreements.
The Debtors’ negotiations with the DIP Agents and the DIP Lenders culminated in commitments by the DIP Lenders to provide the Debtors with up to $50 million of super-priority secured post-petition financing under the DIP Term Facility and commitments in an aggregate amount equal to $90 million of super-priority secured post-petition financing under the DIP Revolving Facility, on the terms and subject to the conditions set forth in the respective DIP Agreements.
Based on the findings and rulings herein concerning the integrated nature of the DIP Agreements and the Prepetition Secured Facilities and the relation back of the DIP Liens, in no event shall any alleged right of reclamation or return (whether asserted under Section 546(c) of the Bankruptcy Code or otherwise) be deemed to have priority over the DIP Liens.
In addition, the Debtors are authorized and directed to indemnify Lender against any liability arising in connection with the DIP Agreement or the DIP Documents to the extent set forth in the DIP Agreements and the DIP Documents.
The Debtors are authorized to borrow money under the DIP Facility on an interim basis up to an aggregate principal amount not to exceed $500,000, in accordance with, and subject to the terms of, this Interim Order, the DIP Agreements, and the DIP Documents.
The licence or parts hereof can neither directly nor indirectly be transferred to other parties unless the transfer is approved in accordance with article 27 of the Mineral Resources Act.1502.
Subject to the terms and conditions of this Interim Order, the DIP Facilities and the DIP Documents and in accordance with the Approved Budget (subject to variances as permitted in the DIP Agreements), the Debtors are authorized to use Cash Collateral until each applicable Termination Date.
The Debtors’ failure to comply with the Budget (subject to the Permitted Variance) or to provide the reports and other information required in the DIP Agreements shall constitute an Event of Default (as defined below), following the expiration of any applicable grace period set forth in the applicable DIP Agreement.