DIP Loan Claims definition

DIP Loan Claims means any Administrative Claims arising in connection with the DIP
DIP Loan Claims means any Claims arising under the DIP Loan (as such term is defined in the DIP Order).

Examples of DIP Loan Claims in a sentence

  • In accordance with section 1123(a)(1) of the Bankruptcy Code, Administrative Claims, Priority Tax Claims, and DIP Loan Claims have not been classified and, thus, are excluded from the Classes of Claims and Interests.

  • Upon the payment or satisfaction of the Allowed DIP Loan Claims in accordance with this Article II.C, all Liens, security interests and superpriority claims granted in connection with the Allowed DIP Loan Claims shall be automatically terminated and of no further force and effect without any further notice to or action, order, or approval of the Bankruptcy Court or any other Entity.

  • Claims and Interests, except for Administrative Claims, Priority Tax Claims, Professional Fee Claims, and DIP Loan Claims, are classified as required by the Bankruptcy Code in the Classes set forth in this Article III.

  • As of the Effective Date, all amounts owed to the DIP Lenders for DIP Obligations shall be paid in full, the DIP Loan Claims shall be Allowed and deemed to be Allowed Claims in the full amount outstanding under the DIP Credit Agreement and the other DIP Loan documents, including for any amounts constituting DIP Obligations thereunder.

  • Class 3 consists of Secured Claims that are not DIP Loan Claims, TCB Secured Claims, or Secured Tax Claims.

  • All amounts owed to the DIP Lender for the DIP Loan Claims shall receive on the Closing Date an amount, in Cash, equal to the DIP Loan Claims less any portion of such DIP Loan Claims that has already been satisfied pursuant to the Exit Financing.

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  • On the Effective Date, all DIP Loan Claims, if any, shall be paid in Cash by Reorganized Crdentia.

  • The Last Out Loans Turnover Amount shall be funded solely from the Cash proceeds, if any, received by the Sponsor on account of the Last Out DIP Loan Claims.

  • DIP Loan Claims shall be deemed Allowed in the aggregate amount of the amounts due and owing under the Final DIP Financing Order as of the Effective Date.


More Definitions of DIP Loan Claims

DIP Loan Claims means any and all Claims of Cast-Crete, in its capacity as DIP Lender represented by, relating to, or arising under or in connection with the DIP Financing Order, whether Administrative Claims or Secured Claims, including the DIP Indebtedness.
DIP Loan Claims means the secured claims and administrative claims due and owing under the Final Financing Order on account of the DIP Loans (as defined in the Final Financing Order) advanced to the Debtor during this Chapter 11 Case..
DIP Loan Claims means all Claims held by the DIP Agent and the DIP Lenders on account of, arising under or relating to the DIP Loans, which includes, without limitation, Claims for all principal amounts outstanding, interest, fees, reasonable and documented expenses, costs and other charges of the DIP Agent and the DIP Lenders.
DIP Loan Claims means the claims authorized under the DIP Orders.
DIP Loan Claims means any and all Claims of the DIP Lenders under the DIP Loan Debt Documents.
DIP Loan Claims means all Claims arising under or related to the DIP Loan or any of the DIP Loan Documents.

Related to DIP Loan Claims

  • Term Loan Claims means any Claim on account of, arising under, derived from, or based upon the Term Loan Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto.

  • 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.

  • Prepetition means arising or accruing prior to the Petition Date.

  • Prepetition Loan Documents means the “Loan Documents” as defined in the Prepetition Credit Agreement.

  • Prepetition Lenders means the lenders from time to time party to the Prepetition Credit Agreements.

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

  • 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.

  • Secured Claims means Claims held by “secured creditors” as defined in the CCAA, including Construction Lien Claims, to the extent of the Allocated Value of the Property securing such Claim, with the balance of the Claim being a Deficiency Claim, and amounts subject to section 6(6) of the CCAA;

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • DIP means debtor-in-possession.

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

  • Noteholder Claims means all Obligations in respect of the Notes or arising under the Noteholder Documents or any of them, including all fees and expenses of the Trustee thereunder.

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • DIP Claims means, collectively, the DIP ABL Claims and the DIP Term Loan Claims.

  • Superpriority Claim means a claim against the Borrower and any Guarantor in any of the Cases which is an administrative expense claim having priority over any or all administrative expenses of the kind specified in Sections 503(b) or 507(b) of the Bankruptcy Code.

  • DIP Loan means a Bank Loan, whether revolving or term, that is originated after the commencement of a case under Chapter 11 of the Bankruptcy Code by a Portfolio Company, which is a debtor in possession as described in Section 1107 of the Bankruptcy Code or a debtor as defined in Section 101(13) of the Bankruptcy Code in such case (a “Debtor”) organized under the laws of the United States or any state therein and domiciled in the United States, which satisfies the following criteria: (a) the DIP Loan is duly authorized by a final order of the applicable bankruptcy court or federal district court under the provisions of subsection (b), (c) or (d) of 11 U.S.C. Section 364; (b) the Debtor’s bankruptcy case is still pending as a case under the provisions of Chapter 11 of Title 11 of the Bankruptcy Code and has not been dismissed or converted to a case under the provisions of Chapter 7 of Title 11 of the Bankruptcy Code; (c) the Debtor’s obligations under such loan have not been (i) disallowed, in whole or in part, or (ii) subordinated, in whole or in part, to the claims or interests of any other Person under the provisions of 11 U.S.C. Section 510; (d) the DIP Loan is secured and the Liens granted by the applicable bankruptcy court or federal district court in relation to the Loan have not been subordinated or junior to, or pari passu with, in whole or in part, to the Liens of any other lender under the provisions of 11 U.S.C. Section 364(d) or otherwise; (e) the Debtor is not in default on its obligations under the loan; (f) neither the Debtor nor any party in interest has filed a Chapter 11 plan with the applicable federal bankruptcy or district court that, upon confirmation, would (i) disallow or subordinate the loan, in whole or in part, (ii) subordinate, in whole or in part, any Lien granted in connection with such loan, (iii) fail to provide for the repayment, in full and in cash, of the loan upon the effective date of such plan or (iv) otherwise impair, in any manner, the claim evidenced by the loan; (g) the DIP Loan is documented in a form that is commercially reasonable; and (h) the DIP Loan shall not provide for more than 50% (or a higher percentage with the consent of the Required Lenders) of the proceeds of such loan to be used to repay prepetition obligations owing to all or some of the same lender(s) in a “roll-up” or similar transaction. For the purposes of this definition, an order is a “final order” if the applicable period for filing a motion to reconsider or notice of appeal in respect of a permanent order authorizing the Debtor to obtain credit has lapsed and no such motion or notice has been filed with the applicable bankruptcy court or federal district court or the clerk thereof.

  • Other Priority Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Priority Claims means, collectively, Priority Tax Claims and Other Priority Claims.

  • DIP Loan Documents means the Replacement DIP Loan Documents (as defined in the DIP Order).

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.