DIP Charge definition

DIP Charge means the charge in favour of CIBC as agent and lender in respect of the CIT Facility as created under paragraph 46 of the Initial Order.
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DIP Charge means the charge in favour of the DIP Lender as set out in the Charging Order;
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DIP Charge means the fee charged by Illuminet to a Carrier Customer each time that Carrier Customer Dips the Service.
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Examples of DIP Charge in a sentence

  • The DIP Charge shall have the priority set out in paragraphs 47 and 50 hereof.

  • Upon such a Filing and Conversion, the Notes shall also be subject to the DIP Charge.

  • The aggregate number of shares of common stock as to which elections may be made under the Plan shall not exceed 100,000 shares (subject to adjustment as provided in the Plan).

  • Since there is no change to the amount of the DIP facility or the DIP Charge, no creditor is prejudiced to any greater extent than has already been approved by this Court.

  • Each Borrower hereby acknowledges, confirms and agrees that the Professional Expenses which are added to the Post- Filing Obligations shall be secured and covered by the DIP Charge.

  • The UK's global trade deficit rose from USD 185.8 billion in 2018 to USD 227 billion in 2019 and USD 228.7 billion in 2020 whereas Kenya's global trade deficit decreased to USD 9.38 billion in 2020 after reaching USD 11.33 billion in 2018 and USD 11.37 billion in 2019.

  • The DIP Charge shall be a super priority debtor in possession lien in the Collateral to secure the DIP Obligations.

  • The DIP Charge severely impacts the rights of existing secured parties given the super-priority afforded to DIP lenders.

  • The Obligations are and shall be at all times secured by the Liens in all Collateral created by the DIP Charge all such Liens shall be first priority Liens subject only to the Administration Charge.

  • CITPL shall be entitled to the benefit of and is hereby granted a charge (the ) on the Property, which DIP Charge shall not secure an obligation that exists before this Order is made, and in the case of CITPL, shall only secure Post-Filing Credit Extensions.


More Definitions of DIP Charge

DIP Charge means a Court-ordered super-priority security interest and charge in and over all of the existing and after-acquired real and personal, tangible and intangible, assets of the Borrower in favour of the Lender which has priority over all Liens other than the administrative charge granted in the Proposal Proceedings to secure payment of the DIP Loan, plus any fees and expenses payable to such party hereunder;
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DIP Charge means a super-priority charge over all of the present and after-acquired property, assets and undertaking of the Canadian Debtors ahead of and senior to all creditors, interest holders, lien holders and claimants of any kind whatsoever pursuant to a court-ordered charge granted by the Canadian Court under the CCAA, except as set forth in Section 4.18(b)(iv).
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DIP Charge shall have the meaning set forth in Section 2.19.
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DIP Charge means the Lien(s) granted in favour of the Administrative Agent and the Lenders under the Initial CCAA Order in respect of the Loan Documents, the Loans and the other Obligations.
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DIP Charge the CCAA Court ordered charge to be granted in the CCAA Financing Order to secure payment of principal and interest on the Loan.
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DIP Charge means the super priority debtor in possession charge to secure the DIP Obligations and which for greater certainty, shall not secure any Pre-Petition Liabilities.
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Related to DIP Charge

  • Facility Charge means one percent (1%) of the Maximum Term Loan Amount.

  • Room charge means the charge imposed for the use or occupancy of a room, excluding charges for food, beverages, state use tax, telephone service, or like services paid in connection with the charge, and excluding reimbursement of the assessment imposed by this act.

  • Monthly Charge shall have the meaning set forth in Article 5.

  • User charge means a charge imposed on airlines for the provision of airport, air navigation, or aviation security facilities or services including related services and facilities.

  • Penalty Charge means a penalty charge which is payable by virtue of paragraph 3(1) and (2) of Schedule 3 to this Act;

  • No Charge Bid When Bids are requested on a number of Products as a Group or Lot, a Bidder desiring to Bid “no charge” on a Product in the Group or Lot must clearly indicate such. Otherwise, such Bid may be considered incomplete and be rejected, in whole or in part, at the discretion of the Commissioner.

  • Energy Charge means a charge for each kilowatt-hour (kWh) of electrical energy;

  • Administrative Charge means, with respect to any Lease, any payment (whether or not part of the fixed monthly payment) payable to the related Lessor representing a disposition fee, a late payment fee, an Extension Fee, an allocation to the related Lessee of insurance premiums, sales, personal property or excise taxes or any other similar charge.

  • Account Charge means, in relation to each of the Charged Accounts, the first priority fixed charge or pledge over all such accounts given or to be given by the relevant account holder thereof in favor of and in form and substance satisfactory to the Security Trustee.

  • Service Charge means the amount charged for making a service available on line and is in addition to the actual fee for a service itself. For example, one who renews a license on line will pay the license renewal fee and a service charge.

  • Capacity Charge means a charge for public facilities in existence at the time a charge is imposed or charges for new public facilities to be acquired or constructed in the future that are of proportional benefit to the person or property being charged, including supply or capacity contracts for rights or entitlements, real property interests, and entitlements and other rights of the local agency involving capital expense relating to its use of existing or new public facilities. A “capacity charge” does not include a commodity charge.

  • Access Charge has the meaning set out in Clause 6.1;

  • Transition bond charge means a charge, expressed as an

  • Termination Charge means a charge levied when an unamortized balance remains and the Jurisdiction requests termination of Street Lighting Service. The charge is determined by costs of equipment, installation, removal, disposal, Capital Recovery Period, and Utility Financing Cost minus payments made to date for the specific fixtures.

  • transaction charge means any amount charged to a client by a registered firm in respect of a purchase or sale of a security and includes any federal, provincial or territorial sales taxes paid on that amount;

  • Hire Charge or “Hire Charges” means the rates and charges payable by You for the hire of the Equipment.

  • Default Management Charge has the meaning given to it in paragraph 6.2 of Framework Schedule 9 (Management Information);

  • Transition charge means a nonbypassable rate or charge to be imposed on a customer to pay the customer's share of transition costs.

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Administration Charge means a charge established in accordance with Chapter 90.50A RCW and Chapter 173-98 WAC, to be used to pay Ecology’s cost to administer the State Revolving Fund by placing a percentage of the interest earned in an Administrative Charge Account.

  • Connection Charge is the sum payable by the Communications Provider in accordance with the Openreach Price List for provisioning of the Service;

  • Management Charge means the sum paid by the Supplier to the Authority being an amount of half (0.5) percent of all Charges for the Services invoiced to the Contracting Bodies (net of VAT) in each Month throughout the Term and thereafter until the expiry or earlier termination of any Call-Off Contract;

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located.

  • Deed of Charge means the English law deed of charge that may be entered into between the Guarantor and the Representative of the Covered Bondholders (acting on behalf of the Covered Bondholders and the Other Creditors);

  • Adviser Charge : means the fee agreed with your financial adviser in remuneration for the personal recommendation received prior to submission of an Application Form.

  • Prepayment Charge With respect to any Mortgage Loan, the charges or premiums, if any, due in connection with a full or partial prepayment of such Mortgage Loan during a Prepayment Period in accordance with the terms thereof (other than any Servicer Prepayment Charge Payment Amount).