Examples of DIP Loan Facility in a sentence
Subject to the terms of the Restructuring Support Agreement and the Intercompany DIP Loan Facility Agreement, before the Effective Date, the Debtor may make appropriate technical adjustments and modifications to the Plan and the documents contained in the Plan Supplement to cure any non-substantive ambiguity, defect (including any technical defect), or inconsistency without further order or approval of the Bankruptcy Court.
The Independent Directors’ review of the Tranche C DIP Loan Facility did not comply with Chilean law; and 4.
If any Classes entitled to vote on this Plan do not vote to accept this Plan, the Debtor may (i) seek confirmation of this Plan under section 1129(b) of the Bankruptcy Code with respect to such Classes, or (ii) amend or modify this Plan in accordance with the terms hereof, the Restructuring Support Agreement, the Intercompany DIP Loan Facility Agreement, and the Bankruptcy Code.
The Lenders have provided a secured US$160,000,000 (one hundred and sixty million dollars) loan facility to GBGL (the Original Term Loan Facility), as well as a secured US$35,000,000 (thirty five million dollars) loan facility to GBGL (the Original DIP Loan Facility).
Any failure to (i) promptly obtain preliminary and final Bankruptcy Court approval of the DIP Loan Facility in the Chapter 11 Cases in the manner contemplated by the applicable sections of the Bankruptcy Code, or (ii) maintain financing under the DIP Loan Facility through the Closing Date may be deemed a Material Adverse Effect by the Purchaser.