DIP Exit Fee definition

DIP Exit Fee means an exit fee equal to 3.0% of the full principal commitment of the DIP Facility, payable in shares of New Equity in an aggregate amount equal to the DIP Exit Fee (expressed in dollars) divided by 65.0% of the Plan Equity Value, and payable ratably to each DIP Lender based on such DIP Lender’s DIP Facility Claims immediately prior to satisfaction in full thereof.

DIP Exit Fee means an exit fee equal to 3.0% of the full principal commitment of the DIP

DIP Exit Fee means an exit fee equal to 10.0% of the full principal commitment of the DIP Facility, payable as follows: (a) 5.0% paid in kind as additional Exit Term Loans and (b) 5.0% payable in New Equity Interests at a 25% discount of the Plan Equity Value, payable ratably to each DIP Lender based on such DIP Lender’s DIP Claims immediately prior to satisfaction in full thereof.

Examples of DIP Exit Fee in a sentence

• The New Common Stock offered in the Equity Rights Offering shall dilute the New Common Stock issued under the Plan on account of any prepetition claims (which New Common Stock for the avoidance of doubt shall be subject to dilution for the Junior DIP Exit Fee and the MIP).The offering (the “Equity Rights Offering”) will be sized to raise $450 million of gross proceeds to be funded on the Plan Effective Date.

• On the Effective Date, in full and final satisfaction of the Allowed DIP Claims, (i) the principal amount of and accrued but unpaid interest on the DIP Term Loans shall be on a dollar-for-dollar basis automatically converted into First Out Exit Term Loans, (ii) each Holder of DIP Claims shall receive its Pro Rata portion of the DIP Exit Fee, and (iii) each DIP Backstop Commitment Party shall receive its Pro Rata portion of the DIP Backstop Commitment Fee.

• At the Company’s election, outstanding DIP Loans, all accrued and unpaid paid interest thereon, and all fees and expenses payable pursuant to the DIP Credit Agreement (including the DIP Exit Fee) shall be paid in full in cash.

• Borrower: Reorganized Core Scientific Guarantors: Each of the Debtors, as reorganized, other than Reorganized Core Scientific Security: Same as DIP Facility Interest Rate: 10.0% payable quarterly in cash DIP Exit Fee: 3.0% to be paid-in-kind on the Effective Date and to be included in principal amount of the Rolled Exit Term Loans.

• The order of biosorption was, Zn2+ ˃ Cu2+ at all the pH values investigated.

More Definitions of DIP Exit Fee

DIP Exit Fee means an exit fee equal to 3.0% of the full principal commitment of the DIP Facility, payable in shares of New Equity in an aggregate amount equal to the DIP Exit Fee (expressed in dollars) divided by

DIP Exit Fee has the meaning specified in Section 2.09(c).