Examples of DIP Loans in a sentence

The First Amendment also modified the terms of the Borrowing Base (as defined in the DIP Credit Facility) computation, which limits the amount outstanding under the DIP Loans at any one time.
Accordingly, the interest rate will fluctuate based on the movement of the Alternate Base Rate or LIBOR through the term of the DIP Loans.
In order to effect efficient distributions of the Priority Exit Facility, the DIP Agent shall have reasonable discretion to impose a halt on assignments of the Lender DIP Loans as of a date no earlier than three days before the anticipated Effective Date.
In order to effect efficient distributions with respect to the TLTB Facilities, the HoldCo Loans, and the Priority Exit Facility, the Prepetition Agent, and the DIP Agent (as applicable) shall have reasonable discretion to impose a halt on assignments of Term Loans or DIP Loans (as applicable) as of a date no earlier than three days before the anticipated Effective Date.
The DIP Loans shall accrue interest from the Effective Date at the U.S. prime rate (subject to a 4.00% minimum) plus 11.75% per annum; provided, however, that upon an Event of Default, the DIP Loans shall accrue interest at theadditional per annum interest rate of 4.75%.

More Definitions of DIP Loans

DIP Loans means the Replacement DIP Loans.

DIP Loans means the $8 million in term loans to be provided pursuant to the DIP Credit Agreement.

DIP Loans means the “Loans” under and as defined in the DIP Credit Agreement made by the DIP Lenders to the Borrower pursuant to the DIP Credit Agreement that are outstanding immediately prior to the Effective Date.

DIP Loans shall have the meaning assigned to such term in Section 2.01(a).

DIP Loans means the loans made under the DIP Facility.