Examples of DIP Loan Order in a sentence
The DIP Loan Claim shall be Allowed in an amount equal to the amount of such DIP Loan Claim accrued or incurred as of the Effective Date, without setoff, deduction or counterclaim, subject to the provisions of the Interim DIP Loan Order, Final DIP Loan Order, DIP Facility Documents, and this Plan.
Specifically, TCB, as assignee of the DIP Loan Claim from BTS Enterprises pursuant to the Final DIP Loan Order and that certain Collateral Assignment of Note, shall retain its second priority DIP Liens (subordinated only to the TCB Secured Claim) and security interest in, to and against the applicable collateral for all amounts relating to its DIP Loan Claim.
Pursuant to the Final DIP Loan Order, the DIP Loan Claim is held by Texas Capital Bank, as assignee of BTS Enterprises, in accordance with the terms of that certain Collateral Assignment of Note.
BTS Enterprises shall retain its second priority DIP Liens (subordinated only to the TCB Secured Claim) and security interest in, to, and against the applicable collateral for all amounts relating to its DIP Loan Claim, including all rights granted to BTS Enterprises in the DIP Note, DIP Facility Documents, Interim DIP Loan Order, and Final DIP Loan Order, which shall be collaterally assigned to TCB.
The Exit Financing that is actually funded from the Confirmation Date through and including the Effective Date shall be included in the DIP Loan Claim and subject to all terms and conditions, and secured by the same DIP Liens and security interests, that are provided in the Final DIP Loan Order and other DIP Facility Documents.
Final DIP Loan Order means the Bankruptcy Court’s Final Order (I) Authorizing Debtor to (A) Obtain Postpetition Financing on a Secured, Superpriority Basis and (B) Use Cash Collateral,(II) Granting Adequate Protection, and (III) Granting Related Relief [Doc.
DIP Liens means those certain valid, binding, and enforceable liens, mortgages and/or security interests granted to the DIP Lender pursuant to Bankruptcy Code sections 363, 364(c), and 364(d), as security for the DIP Facility and other post-petition costs payable under the DIP Note, as specifically defined by the DIP Loan Order.
DIP Note means that certain Debtor in Possession Secured Promissory Note between the Debtor and the DIP Lender attached to the DIP Loan Order, including any subsequent amendments, modifications and/or supplements thereto, and the corresponding Security Agreement, as defined therein.
DIP Loan Claim means a Claim arising under or relating to the DIP Facility, Interim DIP Loan Order or the Final DIP Loan Order, including any and all fees, interest paid in kind, and accruedbut unpaid interest and fees arising under the DIP Facility Documents, and all obligations defined thereunder.
DIP Loan Claim means a Claim arising under or relating to the DIP Facility, Interim DIP Loan Order or the Final DIP Loan Order, including any and all fees, interest paid in kind, and accrued but unpaid interest and fees arising under the DIP Facility Documents, and all obligations defined thereunder.