DIP Charge definition

DIP Charge means the fee charged by Illuminet to a Carrier Customer each time that Carrier Customer Dips the Service.
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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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Examples of DIP Charge in a sentence

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

  • 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.

  • The Canadian Creditors Charge would rank below the Primary DIP Charge but ahead of the Subordinated DIP Charge so that Canadian unsecured creditors were guaranteedsome recovery before InterTAN was permitted to apply its resources to the repayment of the U.S. Debtor’s obligations.

  • No Credit Party will, and no Credit Party will permit any Credit Party to, create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter acquired by any Credit Party or assign or sell any income or revenues (including Accounts of the Credit Parties) or rights in respect of any thereof, except Permitted Liens, and after the Restructuring Event Date, the DIP Charge, the Administrative Charge and the Directors’ Charge.

  • Except for transactions expressly permitted hereby, Borrower and Parent shall not, and shall not permit any of its Subsidiaries to, do anything to adversely affect the priority of the Liens created by the DIP Charge in respect of the Obligations.

  • The DIP Facility provides (i) for weekly advances provided that the Lender can agree to advances more frequently on request and(ii) that the maximum amount permitted to be advanced and secured by the DIP Charge is $2.5 million before the Comeback Hearing.

  • 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.

  • The DIP Charge shall have the priority set out in paragraphs 3736 and 3938 hereof.

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

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


More Definitions of DIP Charge

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 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 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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DIP Charge shall have the meaning set forth in Section 2.19.
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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;

  • Daily Charge means any of the User's Daily General Charge and, in respect of Passenger Operators, the Daily Long Term Charge, as the context requires;

  • 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.