DIP Loan Commitment definition

DIP Loan Commitment means the commitment of the Lender to loan the Debtors an aggregate principal amount of up to $2,500,000.00 on a final basis subject to approval of a Final DIP Order in form and substance acceptable to the Lender, in its sole discretion, and up to
DIP Loan Commitment means the amount set forth in Schedule 2.1 or such lesser amount as determined in accordance with the Financing Orders and the Budget.
DIP Loan Commitment means the commitment of a DIP Lender (i) to make DIP Loans to Company pursuant to subsection 2.1A(i)(a)(1), (ii) to issue and/or purchase participations in Letters of Credit for the account of Company pursuant to Section 3, and (iii) except for DIP Swing Line Lender, to purchase participations in DIP Swing Line Loans pursuant to subsection 2.1A(ii), and "DIP LOAN COMMITMENTS" means such commitments of all such Lenders in the aggregate.

Examples of DIP Loan Commitment in a sentence

  • After making the DIP Loans requested on such Borrowing Date, the aggregate outstanding principal amount of the DIP Loans shall not exceed the amount of the DIP Loan Commitment.

  • Unless previously terminated, the DIP Loan Commitment shall automatically terminate at the end of the DIP Commitment Period.

  • This Agreement shall amend, restate, supersede and replace in its entirety the Original RSA with respect to the Parties; provided that the Original DIP Loan Commitment shall remain in full force and effect until such time as the DIP Order is entered by the Bankruptcy Court and the DIP Facility under the DIP Credit Agreement is funded.

  • Subject to and in accordance with the terms and conditions of this Agreement, including, without limitation, the entry of a Final DIP Order that is satisfactory to Lender, in its sole discretion, Lender shall make advances to the Debtors up to the maximum principal amount of the DIP Loan Commitment (the “DIP Loan”), in Lender’s sole discretion.

  • The Term of the DIP Loan Commitment shall be from the Petition Date through December 31, 2018 (the “Term”).

  • After making the DIP Loans requested by this Borrowing, the aggregate outstanding principal amount of the DIP Loans will not exceed the DIP Loan Commitment.

  • Upon the making of any DIP Loan, the DIP Loan Commitment shall be permanently reduced by an amount equal to the principal amount of such DIP Loan.‌ ARTICLE III‌CONDITIONS PRECEDENT; CONDITIONS SUBSEQUENT Section 3.1 Conditions Precedent; Closing Date.

  • For the avoidance of doubt, any Ad Hoc Group Lender (other than a DIP Backstop Party on the Petition Date) who funds their Incremental DIP Loan Commitment, shall be entitled to the Backstop Fee.

  • No DIP Loan Commitment of any DIP Lender shall be increased or otherwise affected, and, except as otherwise expressly provided in this Section 3.11, performance by the Obligors their obligations hereunder and the other DIP Loan Documents shall not be excused or otherwise modified as a result of any Funding Default or the operation of this Section 3.11.

  • In the event that DIP Agent, in its sole discretion, elects not to issue such Letter of Credit, DIP Agent shall promptly so notify Borrowers, whereupon Borrowers may request any other DIP Lender having the applicable Revolving DIP Loan Commitment to issue such Letter of Credit by delivering to such DIP Lender a copy of the applicable Request for Issuance of Letter of Credit.


More Definitions of DIP Loan Commitment

DIP Loan Commitment in respect of each DIP Lender, the aggregate of such DIP Lender’s Initial DIP Loan Commitment, Intermediate DIP Loan Commitment, Delayed Draw DIP Loan Commitment and Roll-Up Commitment.
DIP Loan Commitment means the Lender’s obligation to fund the Borrowing pursuant to Section 2.01 in a principal amount not to exceed $400,000.00.
DIP Loan Commitment with respect to each Bank, such Bank's obligation pursuant to Section 2.1 to make DIP Loans and issue (or participate in the issuance of) Letters of Credit.
DIP Loan Commitment means the commitment of CFC to make DIP Loans to the Debtor in an aggregate principal amount not to exceed $6,000,000.00.

Related to DIP Loan Commitment

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Loan Commitment means a statement transmitted in writing or electronically by a mortgage lender setting forth the terms and conditions upon which the mortgage lender is willing to make a particular residential mortgage loan to a particular borrower.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Term B Loan Commitment means the obligation of the Term B Lenders to make a Term B Loan on the Closing Date in an aggregate principal amount equal to $850,000,000. The Term B Loan Commitment on the Closing Date is $850,000,000.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Tranche A Term Loan Commitment means the commitment of a Lender to make or otherwise fund the Tranche A Term Loan and “Tranche A Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of the Tranche A Term Loan Commitments as of the Closing Date is $5,000,000.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).