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 the borrowers and guarantors party to the DIP Credit
Sample 1
DIP Loan Parties means Borrower and each Guarantor; and each, a “DIP Loan Party”.
Sample 1

Examples of DIP Loan Parties in a sentence

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

  • The access of the DIP Loan Parties to sufficient working capital and liquidity through the use of Cash Collateral and other Prepetition Collateral, incurrence of new indebtedness under the DIP Documents and other financial accommodations provided under the DIP Documents are necessary and vital to the preservation and maintenance of the going concern values of the DIP Loan Parties and to a successful reorganization of the DIP Loan Parties.

  • 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.

  • The terms, conditions, and fees may be modified as the application continues through the planning process, based on changes made to the original application or scope of the event and/or additional requirements made by the City.Denial Letter.

  • 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.

  • The Debtor DIP Loan Parties continue to collect cash, rents, income, offspring, products, proceeds, and profits generated from the Prepetition Collateral and acquire equipment, inventory and other personal property, all of which constitute Prepetition Collateral under the Prepetition Loan Documents that are subject to the Prepetition Secured Parties’ security interests as set forth in the Prepetition Loan Documents.

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

  • The access of the Debtor DIP Loan Parties to sufficient working capital and liquidity through the use of Cash Collateral and other Prepetition Collateral, the incurrence of new indebtedness under the DIP Documents and other financial accommodations provided under the DIP Documents are necessary and vital to the preservation and maintenance of the going concern values of the Debtor DIP Loan Parties and to a successful reorganization of the Debtor DIP Loan Parties.

  • Moreover, nothing herein shall prejudice the rights of any party-in-interest, including, but not limited to, the Debtor DIP Loan Parties, the DIP Agent, the DIP Secured Parties, the Prepetition Agent, or the Prepetition Secured Parties to challenge the validity, priority, enforceability, seniority, avoidability, perfection, or extent of any alleged Permitted Prior Lien and/or security interests.


More Definitions of DIP Loan Parties

DIP Loan Parties means Borrower and each Guarantor; and each, a “ DIP Loan Party ”.
Sample 1

Related to DIP Loan Parties

  • U.S. Loan Parties means, collectively, the Parent Borrower and the U.S. Subsidiary Guarantors.

  • Canadian Loan Parties means 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 the Domestic Guarantors.

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

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

  • 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 the Indenture Second Lien Secured Parties and the Additional Second Lien Secured Parties.

  • 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 and “UK Loan Parties” shall mean any Loan Party or Loan Parties organized or existing under the laws of the United Kingdom, including of England and Wales or Scotland.

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

  • Term Loan Secured Parties means the Term Loan Representative, the Term Loan Creditors and any other holders of the Term Loan Obligations.

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

  • Borrower Parties means the collective reference to the Borrower and the 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 this Borrower Loan Agreement.

  • Lender Parties means, collectively, the Administrative Agent, the Lenders, the Issuing Banks, the Specified Derivatives Providers, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 11.5., 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 the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

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

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

  • Note Parties means, collectively, the Company and each Guarantor.