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 means that certain debtor-in-possession credit facility created under the DIP Credit Agreement.
Examples of DIP Facility in a sentence
DIP Facility (including all accreted interest and fees) will equitize upon the Plan Effective Date.
Proceeds from the DIP Facility may only be used for certain permitted expenses, including certain working capital expenses and general corporate purposes, as well as restructuring costs.
The DIP Facility will be junior to the Senior Notes and senior to the Subordinated Notes 5.
The Debtors or Reorganized Debtors, as applicable, shall use Cash on hand and proceeds of the DIP Facility to fund distributions to certain Holders of Allowed Claims, consistent with the terms of this Plan.
Conditions Precedent: Court approval of the DIP Facility and other customary terms set forth in DIP Credit Agreement.
More Definitions of DIP Facility
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 the senior secured, super-priority debtor-in-possession loan facility made available to the Debtors pursuant to the DIP Credit Agreement and the Interim DIP Order and/or Final DIP Order.
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 as defined in the recitals to this Agreement.
DIP Facility means the financing facility and letter of credit facility entered into by the Debtors pursuant to the DIP Facility Agreements.