DIP Closing Date definition
Examples of DIP Closing Date in a sentence
Schedule 3.21 sets forth a true, complete and correct description of all material insurance maintained by or on behalf of Holdings, Intermediate Holdings and the Subsidiaries as of the DIP Closing Date.
Notwithstanding anything to the contrary, no Distribution or other payment shall be made (whether or not permitted hereunder) at any time from and after the Interim DIP Closing Date except in accordance with the Approved Budget, subject to the Permitted Variance.
Notwithstanding anything to the contrary in this Section 10.2.1, no payment shall be made in respect of any Debt (whether or not such Debt is permitted hereunder) at any time after the Interim DIP Closing Date except in accordance with the Approved Budget.
The Upfront Payment is deemed fully earned on the Interim DIP Closing Date and was Paid in Kind on the Interim DIP Closing Date.
It being understood that Intermediate Holdings shall have delivered the necessary monthly financial statements for the Exit Test Period (which may be delivered pursuant to Section 5.04(c) for the period on or after the DIP Closing Date) to demonstrate compliance with this condition.