DIP Notes definition

DIP Notes means (a) the Promissory Note dated September 2, 2022 issued by the DIP Borrowers in the stated principal amount of $426,600, payable to the order of AAVIN Mezz and (b) the Promissory Note dated September 2, 2022 issued by the DIP Borrowers in the stated principal amount of $173,400, payable to the order of AAVIN Equity.
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DIP Notes. Facility Estimated Allowed Amount: $55 million. Paid in full in cash on the Effective Date or satisfied on another basis agreed upon by HD and all of the DIP Lenders.
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DIP Notes means the Series of Notes issued pursuant to the Programme by NV or PLC, as applicable, as listed on the table on the front page of this Notice of Meetings under the heading DIP Notes;
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Examples of DIP Notes in a sentence

  • The foregoing provisions are intended as an inducement to the holders of Lenders Debt, New Money DIP Notes, and Roll-Up Notes to extend credit and such holders are intended third party beneficiaries of such provisions and the provisions of the Intercreditor Agreement (as modified by the DIP Order), DIP Order and DIP Documents.

  • Unless a poll is (before or at the time that the result on a show of hands is declared) demanded by the Chairman, the Issuer, any Guarantor or any Noteholder present or proxy or representative holding not less than (i) in respect of the DIP Notes, one-fiftieth of the principal amount of the Notes of the relevant Series for the time being outstanding, and (ii) in respect of the Standalone Notes, two per cent.

  • Subject as set out below, the provisions governing the convening and holding of each Meeting are set out, in the case of the DIP Notes, in The Eighth Schedule to the Applicable Trust Deed and, in the case of the Standalone Notes, in Schedule 3 to the Applicable Trust Deed, copies of which are available fromthe date of this Notice of Meetings to the conclusion of the Meetings (or any adjourned Meetings) as referred to above.

  • Voluntary Prepayments: The outstanding DIP Notes may be prepaid, in whole or in part, at anytime, at par, together all accrued and unpaid interest on the amount of such DIP Notes that is being prepaid.

  • The Funding Creditor DIP Notes were amended and restated as five-year secured notes (the “ Senior Secured Notes”).

  • Default Interest: At all times after an Event of Default has occurred and is continuing, theoutstanding DIP Notes, and all DIP Obligations that are not paid when due, will bear interest at a per annum interest rate equal to 11.0%.

  • The holding of any adjourned Meeting will be subject to the Issuer giving, in the case of DIP Notes, at least 14 days’ notice and, in the case of Standalone Notes, at least 10 clear days’ notice, in each case in accordance with the relevant Conditions and the Applicable Trust Deed that such adjourned Meeting is to be held.

  • Original MeetingAdjourned MeetingDIP NotesTwo or more persons present and holding or representing in aggregate a clear majority in principal amount of the relevant Series of DIP Notes for the time being outstandingTwo or more persons present and holding or representing in aggregate any principal amount of the relevant Series of DIP Notes for the time being outstandingStandalone NotesTwo or more Noteholders or agents (each as defined in the Applicable Trust Deed) present in person representing 66 per cent.

  • The net difference between i) the carrying amounts of the claims of the Affected Creditors, the Catalyst DIP Notes, and the Warrants, and ii) the fair value of the common shares issued, was recorded as a gain.The fair value of the common shares issued to the Affected Creditors, Catalyst and Warrant holders was estimated using the closing share price of $42.5 (C$57) per share on November 3, 2016, the day the Company’s common shares resumed trading on the TSX.

  • Further, upon the Effective Date, Cyrus Capital Partners, L.P. shall be reimbursed for fees and expenses incurred by it in connection with the Chapter 11 Cases in an amount not to exceed $950,000, so long as it participates pro rata in the Rights Offering and Credit Bid Transaction on account of its Taj Senior Notes and Taj DIP Notes.


More Definitions of DIP Notes

DIP Notes means the 11% Senior Secured ABL DIP Noted issued pursuant to the DIP Indenture;
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DIP Notes means the convertible promissory notes issued during the pendency of this case pursuant to Section 364 of the Code.
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DIP Notes means the Roll Up DIP Notes and the New Money DIP Notes, as applicable.
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DIP Notes means the “Notes,” as defined in the DIP Note Purchase Agreement.
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DIP Notes means (i) New Money Notes issued pursuant to Section 2.01(a), (ii) Roll Up Notes deemed issued pursuant to Section 2.01(b) and (iii) notes deemed issued in respect of any payment in kind interest pursuant to Section 2.03(b), in each case, including any interest paid in kind thereon and substantially in the form attached hereto as Exhibit B.
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Related to DIP Notes

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • 2028 Notes has the meaning specified in the recitals of this First Supplemental Indenture.

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • Second Lien Notes Trustee “Second Lien Noteholder”, “High Yield Agent”, “HY Borrower”, “High Yield Creditor”, “High Yield Lender”, “Unsecured Agent”, “Unsecured Borrower”, “Unsecured Creditor”, “Unsecured Lender”, “Security Agent”, “Security Grantor”, “Senior Agent”, “Senior Arranger”, “Senior Borrower”, “Senior Creditor”, “Senior Guarantor”, “Senior Lender”, “Senior Secured Notes Guarantor”, “Senior Secured Notes Issuer”, “Senior Secured Notes Trustee”, “Senior Secured Noteholder”, “Subordinated Creditor”, “Permitted Affiliate Parent” or the “Company” shall be construed to be a reference to it in its capacity as such and not in any other capacity;

  • New Notes shall have the meaning assigned to such term in Section 32.

  • B Notes means each of Note B-1 and Note B-2.

  • Second Lien Notes has the meaning set forth in the recitals hereto.

  • Senior Secured Notes Trustee means U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee under the Senior Secured Notes Indenture.

  • Existing Notes means, collectively, the Existing Senior Guaranteed Notes and the Existing Senior Notes.

  • First Lien Notes means the 8.000% first lien secured notes due April 1, 2027, issued by Frontier pursuant to the First Lien Notes Indenture.

  • Indenture Notes means the Notes.

  • Class E Notes has the meaning assigned to such term in the Indenture.

  • Senior Notes Trustee means Xxxxx Fargo Bank, National Association, together with its permitted successors and assigns.

  • 2017 Notes means the aggregate principal amount of US$600,000,000 of 6.25% Guaranteed Senior Notes Due 2017 issued pursuant to the 2017 Note Indenture.

  • Public Notes means the Notes that have been registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction. As of the Closing Date, the Public Notes include the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes, other than any Notes held by the Depositor (or any other entity whose separate existence from the Trust is disregarded for federal income tax purposes).

  • Senior Secured Notes Documents means the Senior Secured Notes Indenture, the Senior Secured Notes Guarantees, the Senior Secured Notes, the Intercreditor Arrangements, any supplemental indenture, any security document relating to the Senior Secured Notes and/or the Senior Secured Notes Indenture and any other document that may be entered into pursuant to any of the foregoing.

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Notes shall have the meaning assigned to such term in the recitals.

  • Second Lien Notes Documents means the Second Lien Notes Indenture, the Second Lien Notes and all other agreements, instruments and other documents pursuant to which the Second Lien Notes have been or will be issued or otherwise setting forth the terms of the Second Lien Notes.

  • Senior Secured Notes means the $1,875 million aggregate principal amount of 7.375% Senior Secured Notes due 2023 of the Borrower including, as the same may be amended, supplemented, waived or otherwise modified from time to time, including any senior secured exchange notes issued in lieu thereof.

  • Subordinated Note Indenture means the Indenture dated as of the Closing Date, among the Borrower, the guarantors party thereto and The Bank of New York, as trustee, pursuant to which the Subordinated Notes are issued, as the same may be amended, supplemented or otherwise modified from time to time to the extent permitted by Section 10.7(b).

  • Refinancing Notes means any secured or unsecured notes or loans issued by the Borrower or any Subsidiary Loan Party (whether under an indenture, a credit agreement or otherwise) and the Indebtedness represented thereby; provided, that (a) (i) 100% of the Net Proceeds of such Refinancing Notes that are secured on a pari passu basis with the Term B Loans are used to permanently reduce Loans and/or replace Commitments substantially simultaneously with the issuance thereof or (ii) 90% of the Net Proceeds of any other Refinancing Notes are used to permanently reduce Loans and/or replace Commitments substantially simultaneously with the issuance thereof; (b) the principal amount (or accreted value, if applicable) of such Refinancing Notes does not exceed the principal amount (or accreted value, if applicable) of the aggregate portion of the Loans so reduced and/or Commitments so replaced (plus unpaid accrued interest and premium (including tender premiums) thereon and underwriting discounts, defeasance costs, fees, commissions and expenses); (c) the final maturity date of such Refinancing Notes is on or after the Term Facility Maturity Date or the Revolving Facility Maturity Date, as applicable, of the Term Loans so reduced or the Revolving Facility Commitments so replaced; (d) the Weighted Average Life to Maturity of such Refinancing Notes is greater than or equal to the Weighted Average Life to Maturity of the Term Loans so reduced or the Revolving Facility Commitments so replaced, as applicable; (e) in the case of Refinancing Notes in the form of notes issued under an indenture, the terms thereof do not provide for any scheduled repayment, mandatory redemption or sinking fund obligations prior to the Term Facility Maturity Date of the Term Loans so reduced or the Revolving Facility Maturity Date of the Revolving Facility Commitments so replaced, as applicable (other than customary offers to repurchase or mandatory prepayment provisions upon a change of control, asset sale or event of loss and customary acceleration rights after an event of default); (f) the other terms of such Refinancing Notes (other than interest rates, fees, floors, funding discounts and redemption or prepayment premiums and other pricing terms), taken as a whole, are substantially similar to, or not materially less favorable to the Borrower and its Subsidiaries than the terms, taken as a whole, applicable to the Term B Loans (except for covenants or other provisions applicable only to periods after the Latest Maturity Date in effect at the time such Refinancing Notes are issued or are otherwise reasonably acceptable to the Administrative Agent), as determined by the Borrower in good faith (or, if more restrictive, the Loan Documents are amended to contain such more restrictive terms to the extent required to satisfy the foregoing standard); (g) there shall be no obligor in respect of such Refinancing Notes that is not a Loan Party; and (h) Refinancing Notes that are secured by Collateral shall be subject to the provisions of a Permitted Pari Passu Intercreditor Agreement or a Permitted Junior Intercreditor Agreement, as applicable.