DIP Budget definition

DIP Budget means a projected statement of sources and uses of cash for the Borrower and the Guarantors on a weekly basis for the following 13 calendar weeks. As used herein, “DIP Budget” shall initially refer to the initial 13-week projection delivered in accordance with Section 6.2 and thereafter shall refer to the most recent 13-week projection delivered by the Borrower in accordance with Section 9.1(c).

DIP Budget means the “Approved Budget” as defined in the DIP Term Facility Order.

DIP Budget means the rolling cash flow forecast of the Borrower attached hereto as Exhibit B, and each subsequent forecast approved in writing by the Postpetition Lender, which forecasts shall, among other things, contain (i) detailed projected cash receipts and cash disbursements on a weekly basis for the then current week and the subsequent number of weeks as approved by the Postpetition Lender and (ii) specific line items, amounts, and details as requested by the Postpetition Lender. The DIP Budget may be extended, varied, supplemented or otherwise modified at the request of the Borrower, upon approval in writing by the Postpetition Lender.

Examples of DIP Budget in a sentence

• Except as set forth in the DIP Budget, pay any management, consulting or other similar fees to any Person.

• The Administrative Agent and the financial advisor and counsel to the Backstop Parties shall have received the initial DIP Budget for the 13-week period ending after the Signing Date for informational purposes only.

• Declare or pay any dividends, purchase or otherwise acquire for value any of its membership interests or units now or hereafter outstanding, or make any Distribution except as otherwise provided in the DIP Budget approved by the Postpetition Lender or the Orders.

• Any variance from the DIP Budget shall be deemed to be a material variance and shall require the Postpetition Lender’s consent, and any amounts not included in the DIP Budget that have been approved for payment by the Bankruptcy Court shall not be funded unless and until approved by the Postpetition Lender.

• The DIP Budget has been prepared by the Borrower in light of the past operations of the business of Borrower, and reflects the budget for the period contained therein, on a week by week basis.

More Definitions of DIP Budget

DIP Budget means a statement of the Debtors’ operating cash flow on a weekly basis for the period of thirteen weeks commencing with the calendar week during which the Closing Date occurs containing line items of sufficient detail and in substantially the form attached as Exhibit E to this Agreement. As used herein, “DIP Budget” shall initially refer to the budget attached as Exhibit E to this Agreement and, thereafter, the most recent DIP Budget delivered by the Borrower in accordance with Section 4.1(b).

DIP Budget means that certain DIP Budget, attached as Exhibit 2 to the Financing Motion, as may be amended from time to time.

DIP Budget means a rolling 13-week cash flow forecast delivered on or prior to the Closing Date and updated no less than every four weeks thereafter in accordance with Section 6.01(h), setting forth the Debtors’ projected cash receipts and cash disbursements during such 13-week period (i) initially, covering the period commencing on or about the Closing Date and (ii) thereafter, covering the period commencing on the first calendar day of each four-week anniversary thereafter, in each case, in form and substance acceptable to the Required Lenders.

DIP Budget shall initially refer to the initial 13-week projection delivered in accordance with Section 6.2 and thereafter shall refer to the most recent 13-week projection delivered by the Borrower in accordance with Section 9.1(c).

DIP Budget has the meaning specified in Section 5.03(e).

DIP Budget means a 13-week cash flow budget detailing the Credit Parties’ anticipated cash receipts and expenditures (including professional fees and expenses), as amended, supplemented, or replaced from time to time in accordance with this Agreement, which budget (and any amendments thereto or replacements thereof) shall be in form and substance reasonably acceptable to the Administrative Agent as to reasonable and necessary ordinary course of business items and as to other items including a wind down budget on terms acceptable to the Agent and shall be incorporated into the DIP Order and shall be consistent with the budgets previously delivered pursuant to the Cash Collateral Order.

DIP Budget means that certain budget provided pursuant to the terms of the DIP Credit Agreement, including any updates delivered or provided with respect thereto.