Examples of DIP Note in a sentence
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.
Upon entry of this Interim Order by the Court and the satisfaction or waiver of all conditions precedent provided for in the Interim DIP Note, Post-Petition Lenders shall advance the Interim DIP Financing upon draw requests by the Debtor in accordance with the Budget and the terms of this Interim Order.
The Debtor is unable to obtain the Interim DIP Financing except on the terms and conditions set forth in this Interim Order and the Interim DIP Note.
The agreements and arrangements authorized in this Interim Order and the Interim DIP Note have been negotiated at arms' length with all parties represented by experienced counsel, have been entered into in good faith, and are enforceable in accordance with their terms.
The Debtor has requested from Post-Petition Lenders, and Post-Petition Lenders are willing to provide, the Interim DIP Financing pursuant to and in accordance with the terms and conditions set forth in this Interim Order and the Interim DIP Note.