DIP Facility Orders definition

DIP Facility Orders means, collectively, the Interim DIP Order and the Final DIP Order. “Disallowed Claim” means a Claim, or any portion thereof, that (a) has been disallowed by aFinal Order, or (b) (i) is Scheduled at zero, in an unknown amount or as contingent, disputed orunliquidated and (ii) as to which the Claims Bar Date has been established but no Proof of Claim has been timely Filed or deemed timely Filed under applicable law.
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DIP Facility Orders means, collectively, the interim and final orders entered by the Bankruptcy Court (a) authorizing certain Debtors to enter into the DIP Credit Agreement and incur postpetition obligations thereunder, (b) granting certain Debtors the authority to use cash collateral and prepetition collateral and (c) granting adequate protection to the Holders of certain Secured Claims.
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DIP Facility Orders. Any interim order and Final Order of the Bankruptcy Court authorizing the Debtor to enter into the DIP Facility.
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Examples of DIP Facility Orders in a sentence

  • In addition, each DIP Commitment Party shall receive its Pro Rata share of the DIP Commitment Fee in accordance with the DIP Facility Orders.

  • Except for the approval of the Bankruptcy Court, each Borrower has all requisite power and authority to conduct its business, to own its properties and to execute and deliver, and to perform all of its obligations under, the Term Sheet, the DIP Facility Orders and DIP Loan Documents, and all of the foregoing are binding and enforceable.

  • The DIP Facility Orders, the DIP Loan Documents, the Interim Borrowing Liens, the Final Borrowing Liens and the Superpriority Claims granted to and conferred upon the DIP Lender shall continue in full force and effect and shall maintain their priorities as provided in the DIP Facility Orders until all DIP Obligations shall have been indefeasibly paid and satisfied in full and in cash.

  • Notwithstanding anything to the contrary in this Order, in no event shall the DIP Lender be obligated to make any Advances under the DIP Loan Documents if at the time of a requested Advance an Event of Default or a default by the Debtors under the DIP Facility Orders exists, or if such Advance is for items or expenditures not included in or exceeding the permitted variance under the DIP Budget.

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  • The Debtors are authorized to make all Plan Distributions pursuant to the terms of the Plan and to pay any other applicable fees and expenses approved by any other order of this Bankruptcy Court, including, without limitation, adequate protection payments under the DIP Facility Orders.

  • The foregoing release shall not affect or impair the releases and claim and lien allowances provided in the DIP Facility Orders.

  • Notwithstanding anything to the contrary in the Plan or the DIP Facility Orders, any Cash payments under thePlan to holders of Allowed RBL Claims, Allowed FLTL Claims and Allowed FLLO Claims (collectively, the “Prepetition First Lien Secured Parties”), as applicable, shall be reduced by any distributions made, prior to the Effective Date, as adequate protection cash payments pursuant to section 13(c) or 14(c) under the DIP Facility Orders to such Prepetition First Lien Secured Party.

  • All of the rights, remedies, benefits, and protections provided to the DIP Lender under the DIP Facility Orders and the DIP Loan Documents shall survive the Maturity Date until all DIP Obligations shall have been indefeasibly paid and satisfied in full and in cash.

  • All rights and remedies of the Administrative Agent and the Lenders under this Agreement, the Documents and the Orders shall be subject, in all respects, to the intercreditor provisions set forth in the Primary DIP Facility Orders.


More Definitions of DIP Facility Orders

DIP Facility Orders means each and both of the Interim Order and the Final Order. “DIP Loan Documents” are, collectively, this Agreement, the Term Sheet, Note, or notes or guaranties now or hereafter executed by Borrowers or any guarantor, the DIP Facility Orders, and any other present or future agreement between Borrowers, any guarantor, and the Lender, and/or for the benefit of Lender in connection with this Agreement, in such form and containing such terms and conditions as reasonably required by Lender now or in the future, all as amended, restated, and/or otherwise modified.
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Related to DIP Facility Orders

  • DIP Facility Claims means all Claims held by the DIP Facility Agent and the DIP Facility Lenders pursuant to the DIP Facility Agreements and the Final DIP Order.

  • 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 Claim means a Claim arising under or as a result of the DIP Facility.

  • DIP Facility Documents means the DIP Credit Agreement and any other documents and agreements entered into in connection with the DIP Credit Agreement or the incurrence of the DIP Facility and any orders of the Bankruptcy Court related thereto or entered in connection therewith.

  • DIP Facilities means the DIP ABL Facility and the DIP Term Loan Facility.

  • Credit Facility Obligations means all “Obligations” (or any other defined term having a similar purpose) as defined in the Credit Agreement.

  • DIP means (1) the debtor in possession in a chapter 11 case in which no trustee has been appointed and is serving, and (2) the debtor in possession in a chapter 12 case in which the debtor has not been removed under §1204 without reinstatement.

  • Second Lien Facility means the second lien term loan facility under the Second Lien Credit Agreement.

  • Financing Orders means, collectively, the Interim Financing Order and the Final Financing Order.

  • Exit Facility Documents means, collectively, the Exit Credit Agreement, and all other agreements, documents, and instruments delivered or entered into in connection with the Exit Facility, including any guarantee agreements, pledge and collateral agreements, UCC financing statements or other perfection documents, intercreditor agreements, subordination agreements, fee letters, and other security documents.

  • DIP Orders means, collectively, the Interim DIP Order and the Final DIP Order.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Exit Facility means a credit facility that will be entered into by the City, the Exit Facility Agent and the other financial institutions party thereto on the Effective Date on substantially the terms set forth on Exhibit I.A.119.

  • Credit Facility Documents means the collective reference to any Credit Facility, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.

  • DIP Order means the Interim Order, unless the Final Order shall have been entered, in which case it means the Final Order.

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Final Cash Collateral Order means the Final Order (I) Authorizing Use of Cash Collateral, (II) Granting Adequate Protection, (III) Modifying the Automatic Stay to Permit Implementation, and (IV) Granting Related Relief [Docket No. 988] entered by the Bankruptcy Court on March 25, 2015, including all stipulations related thereto.

  • Financing Order means an order of the commission adopted in accordance with 69-8-503 that authorizes the imposition and collection of fixed transition amounts and the issuance of transition bonds.

  • Required Facility Documents means all licenses, permits, authorizations, and agreements, including a Generation Interconnection Agreement or equivalent, necessary for construction, operation, and maintenance of the Facility consistent with the terms of this Agreement, including without limitation those set forth in Exhibit C.

  • Credit Agreement Obligations means the “Obligations” as defined in the Credit Agreement.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Exit Facility Agent means the agent under the Exit Facility.

  • Exit Facility Credit Agreement means the credit agreement, in substantially the form attached to this Plan as Exhibit B or Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Debtors and the Required Consenting Creditors in the manner set forth in the Plan Support Agreement.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Final Financing Order means, the order of the Bankruptcy Court entered in the Chapter 11 Cases after a final hearing under Bankruptcy Rule 4001(c)(2) or such other procedures as approved by the Bankruptcy Court, which order shall be in form and substance reasonably satisfactory to the Agent and from which no appeal or motion to reconsider has been filed, together with all extensions, modifications and amendments thereto, in form and substance satisfactory to the Agent and the Required Lenders, which, among other matters but not by way of limitation, authorizes the Loan Parties to obtain credit, incur the Obligations, and grant Liens under this Agreement and the other Loan Documents, as the case may be, and provides for the super-priority of the claims of the Agent and Lenders, subject to the Carve- Out and Permitted Prior Liens.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).