DIP Loan Parties definition

DIP Loan Parties has the meaning ascribed to the term “Loan Parties” in the DIP Agreement.
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DIP Loan Parties means Borrower and each Guarantor; and each, a “ DIP Loan Party ”.
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DIP Loan Parties means the borrowers and guarantors party to the DIP Credit
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Examples of DIP Loan Parties in a sentence

  • The DIP Loan Parties shall be jointly and severally liable for the DIP Obligations.

  • The DIP Loan Parties shall continue to maintain and insure the Prepetition Collateral and DIP Collateral in amounts and for the risks, and by the entities, as required under the Prepetition Credit Facilities and the DIP Documents.

  • The Debtor DIP Loan Parties shall not sell, transfer, lease, encumber or otherwise dispose of any portion of the DIP Collateral, except as otherwise provided for in the DIP Documents or otherwise permitted by an order of the Court.

  • If no written objection is received by 12:00 p.m., prevailing Eastern Time, on the end date of the Review Period, the Debtor DIP Loan Parties shall pay such invoices within three (3) calendar days.

  • If an objection to a professional’s invoice is received within the Review Period, the Debtor DIP Loan Parties shall promptly pay the undisputed amount of the invoice and this Court shall have jurisdiction to determine the disputed portion of such invoice if the parties are unable to resolve the dispute consensually.

  • Without limitation to the foregoing, the DIP Loan Parties are authorized to replace all outstanding Letters of Credit (as defined in the Prepetition Credit Agreement) with new letters of credit issued under the DIP L/C Sub-Facility.

  • To the extent permitted by the DIP Documents, the DIP Loan Parties are authorized to renew letters of credit issued under the DIP Documents on an uninterrupted basis and to take all actions reasonably appropriate with respect thereto on an uninterrupted basis.

  • Upon execution and delivery of the DIP Documents, the DIP Obligations will include all loans and any other indebtedness or obligations, contingent or absolute, which may now or from time to time be owing by any of the DIP Loan Parties to any of the DIP Agent or DIP Secured Parties, in each case, under, or secured by, the DIP Documents or this Interim Order, including all principal, interest, costs, fees, expenses, indemnities and other amounts under the DIP Documents (including this Interim Order).

  • The Fee Letter is hereby approved, and the Debtor DIP Loan Parties are authorized to and shall pay the DIP Fees and Expenses.

  • No waiver, modification or amendment of any of the provisions hereof shall be effective unless (i) set forth in writing, signed by, or on behalf of, the DIP Loan Parties, the DIP Agent and the requisite DIP Lenders under the DIP Loan Documents as provided in and consistent with their respective rights under the DIP Loan Documents, and (ii) approved by the Court after notice to parties-in-interest.


More Definitions of DIP Loan Parties

DIP Loan Parties means Borrower and each Guarantor; and each, a “DIP Loan Party”.
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Related to DIP Loan Parties

  • U.S. Loan Parties means the U.S. Borrowers and the U.S. Guarantors.

  • Canadian Loan Parties means the Canadian Borrower and the Canadian Guarantors.

  • Loan Parties means, collectively, the Borrower and each Guarantor.

  • Credit Parties means the Borrower and the Guarantors.

  • Domestic Loan Parties means, collectively, the Company and the Guarantors.

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

  • U.S. Credit Parties means, collectively, the US Borrowers and the US Subsidiary Guarantors.

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” under and as defined in the Second Lien Credit Agreement, as each such document may be amended, renewed, restated, supplemented or otherwise modified from time to time.

  • Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.

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

  • Second Lien Secured Parties means, at any relevant time, the holders of Second Lien Obligations at such time, including without limitation the Second Lien Lenders and the agents under the Second Lien Credit Agreement.

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

  • DIP Lender means a lender under the DIP Facility.

  • Borrower Loan Documents shall have the meaning given such term in the Borrower Loan Agreement.

  • UK Loan Party means any Loan Party incorporated under the laws of England and Wales.

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

  • Term Loan Secured Parties means the “Secured Parties” as defined in the Term Loan Credit Agreement.

  • Prepetition Loan Documents means the “Loan Documents” as defined in the Prepetition Credit Agreement, in each case as amended, supplemented, or modified from time to time prior to the Petition Date.

  • Borrower Parties means the collective reference to the Borrower and its Restricted Subsidiaries, and “Borrower Party” means any one of them.

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

  • Prepetition Secured Parties means the “Secured Parties” under, and as defined in, the Prepetition Credit Agreement, in each case as amended, modified or supplemented through the Petition Date.

  • Borrower Loan Agreement means the Borrower Loan Agreement, of even date herewith, between the Governmental Lender and the Borrower, as supplemented, amended or replaced from time to time in accordance with its terms.

  • Lender Parties means, collectively, the Administrative Agent, the Lenders, the Issuing Bank, the Specified Derivatives Providers, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 12.7, any other holder from time to time of any of any Obligations and, in each case, their respective successors and permitted assigns.

  • Second Lien Credit Agreement means that certain Second Lien Credit Agreement, dated as of December 30, 2020, among Vine Energy Holdings LLC, as borrower, the lenders from time to time party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc. as Administrative Agent (as defined therein) and Collateral Agent (as defined therein), as further amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time

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

  • Canadian Loan Party means any Loan Party organized under the laws of Canada or any province or territory thereof.