Examples of DIP New Money Loans in a sentence
Amounts owed by the Debtors with respect to the DIP New Money Loans rank pari passu with amounts owed under the DIP ABL Facility.
As discussed above, amounts owed by the Debtors under the DIP ABL Facility constitute superpriority administrative expenses that ranks pari passu with amounts owed with respect to the DIP New Money Loans, senior to any amounts owed by the Debtors with respect to the DIP Roll-Up Loans.
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The DIP Lenders shall receive from the Debtors a non-refundable payment (the “Upfront Payment”), payable in cash, in an aggregate amount of 2.50% of the aggregate principal amount of the commitments in respect of the DIP New Money Loans.
Amounts owed by the Debtors with respect to the DIP New Money Loans will be paid pari passu with amounts owed under the DIP ABL Facility.
The DIP New Money Loans shall be backstopped by certain Existing Term Lenders (the “Backstop Parties”) and participation in the DIP Facility shall be available to all Existing Term Lenders that executed and delivered the Transaction Support Agreement prior to the Petition Date.
The obligations under the DIP Credit Agreement and the Pre-Petition Credit Agreement shall have been repaid (or deemed repaid) on the Closing Date, including the conversion of DIP Roll Up Loans and the DIP New Money Loans (in each case, as defined in the DIP Credit Agreement) into Loans hereunder; provided, however, any fees and expenses due and owing under the DIP Credit Agreement will be paid in full in cash on the Closing Date pursuant to the Approved Plan.
The DIP New Money Loans shall (subject to the DIP Orders (as defined below) and the borrowing conditions set forth in Exhibit A attached hereto) be incurred in amounts and at times to be agreed.
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The obligations under the DIP Credit Agreement and the Pre-Petition Credit Agreement shall have been repaid (or deemed repaid) on the Closing Date, including the conversion of DIP Roll Up Loans and the DIP New Money Loans (in each case, as defined in the DIP Credit Agreement) into First Out Term Loans under the First Out Term Loan Credit Agreement.