DIP Creditor definition
Examples of DIP Creditor in a sentence
The Pre-Petition Term Agent and Pre- Petition Term Lenders shall be entitled to the same reporting, notification and other information rights as the Term DIP Creditor Parties under the Term DIP Financing Documents.
The Pre-Petition ABL Agent and Pre- Petition ABL Lenders shall be entitled to the same reporting, notification and other information rights as the ABL DIP Creditor Parties under the ABL DIP Financing Documents.
All lessons were presented by the primary investigator to ensure that all the information was covered in both classes.
The entries in the DIP Term Loan Creditor Register shall be conclusive absent manifest error, and the Company, the Co-Administrative Agents, the Collateral Agent and the DIP Creditors shall treat each Person whose name is recorded in the DIP Term Loan Creditor Register pursuant to the terms hereof as a DIP Creditor hereunder for all purposes of this Agreement, notwithstanding notice to the contrary.
Notwithstanding anything to the contrary, in the event that a DIP Creditor that is being replaced pursuant to this Section 2.21(a) does not execute an Assignment and Acceptance (or an Affiliated DIP Creditor Assignment and Acceptance) within one (1) Business Day after being requested to do so, such assignment shall be deemed to have occurred on such Business Day without such DIP Creditor’s execution of such documentation but after satisfaction of the other conditions set forth herein.
The Company shall pay such DIP Creditor the amount shown as due on any such certificate delivered by it within 10 days after its receipt of the same.
The Co-Administrative Agents and the DIP Creditors shall have received all information with respect to the Credit Parties reasonably requested by such DIP Creditor in writing at least seven Business Days prior to the Closing Date under applicable “know-your-customer” and anti-money laundering rules and regulations, including, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (Title III of Pub.
Subject to the Orders, compliance with the procedures and terms set forth in Section 2.03 and the conditions set forth in Section 4.01, the DIP Fronting Creditor and each Specified Initial DIP Creditor, severally, but not jointly, agrees to make Initial Tranche A Loans (the “Initial Term Loans”) to the Company on the Closing Date, in a single draw denominated in Dollars in an amount not to exceed the aggregate amount set forth in the definition of “Initial Term Loan Commitment”.
Notices and other communications to the DIP Creditors hereunder may be delivered or furnished by electronic communication (including email and Internet or intranet websites) pursuant to procedures approved by the Co-Administrative Agents; provided that the foregoing shall not apply to notices to any DIP Creditor pursuant to Article II if such DIP Creditor has notified the Co-Administrative Agents that it is incapable of receiving notices under such Article II by electronic communication.
The rights of each DIP Creditor and their respective Affiliates under this Section 9.06 are in addition to other rights and remedies (including other rights of setoff) that such DIP Creditor or their respective Affiliates may have.