DIP Facility definition

DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

DIP Facility has the meaning assigned to such term in the recitals hereto.

DIP Facility as defined in the recitals to this Agreement.

Examples of DIP Facility in a sentence

• The lenders under the DIP Facility had a super-priority claim against the estates of the Debtors.

• Borrowings outstanding under the DIP Facility were repaid in full on December 19, 2003 as a result of the consummation of the APA.

• The DIP Facility restricted the ability to declare or pay dividends, enter into any operating leases or contract for, purchase, make expenditures for, lease pursuant to a capital lease or otherwise incur obligations with respect to capital expenditures unless the obligations thereunder are provided for in the Budget, and certain other expenditures and or encumbrances.

• On September 25, 2003, the Bankruptcy Court approved a $35 million debtor-in-possession financing ("DIP Facility") among The CIT Group/Business Credit, Inc., as agent for a lender group, and TL Administration Inc.

• The Company was required to pay $100,000 to extend the term of the DIP Facility to December 19, 2003, of which IdeaSphere, Inc.

More Definitions of DIP Facility

DIP Facility means that certain debtor-in-possession credit facility created under the DIP Credit Agreement.

DIP Facility means any postpetition debtor-in-possession credit facility provided to the Debtors during the Chapter 11 Cases pursuant to the DIP Facility Agreement.

DIP Facility means the $500,000,000 superpriority senior secured credit facility provided by the DIP lenders pursuant to the DIP Credit Agreement.

DIP Facility means that superpriority unsecured non-amortizing credit facility of up to

DIP Facility means that certain Secured Superpriority Debtor-in-Possession Credit Agreement entered into or to be entered into by Parent, as borrower, certain Subsidiaries of Parent listed therein, as guarantors, Sponsor, as lender, and Export Development Canada, as lender.

DIP Facility means the multiple-draw term-loan credit facility with aggregate DIP Commitment of $70,000,000, as approved by the DIP Order.

DIP Facility the term loan facility made available under the DIP Credit Agreement.