Examples of DIP Guarantors in a sentence
All DIP Obligations shall be unconditionally guaranteed, on a joint and several basis, by the DIP Guarantors, as further provided in the DIP Loan Documents.
The obligations of the LP DIP Guarantors under this Guaranty shall be automatically reinstated if and to the extent that for any reason any payment by, or on behalf of, the LP DIP Borrower or other LP DIP Obligors in respect of the Sixth Replacement LP DIP Obligations is rescinded or must be otherwise restored by any holder of any of the Sixth Replacement LP DIP Obligations, whether as a result of any proceedings in bankruptcy or reorganization or otherwise.
In addition, all obligations to make, and all payments made, by the Debtors, the DIP Borrower and/or the DIP Guarantors, to the DIP Agent and/or the DIP Lenders, in each case, whether prior to or after the commencement of the Chapter 11 Cases and prior to entry of this Order, are hereby reaffirmed and ratified in all respects.
To prevent immediate and irreparable harm to the Debtors’ estates, the Debtors are also hereby authorized to borrow the full amount of the Junior DIP Loans ($650,000,000) from the Junior DIP Lenders under the Junior DIP Facility (and the DIP Guarantors are hereby authorized to unconditionally guarantee, on a joint and several basis, the repayment of the Junior DIP Facility), subject to the terms and conditions set forth in this Interim Order and the Junior DIP Loan Documents.
None of the Debtors, the DIP Borrower and/or the DIP Guarantors shall propose or support any chapter 11 plan or sale of all or substantially all of the Debtors’ and/or the DIP Borrower’s and the DIP Guarantors’ assets, or order confirming such plan or approving such sale, that is not conditioned upon the indefeasible payment of the DIP Obligations in full in cash on or prior to the earlier to occur of the effective date of such chapter 11 plan or sale, without the written consent of the DIP Lenders.