Examples of DIP Order in a sentence
On March 8, 2004, the Bankruptcy Court entered a final order authorizing the Debtors to obtain debtor-in-possession financing on a final basis, effective as of February 2, 2004 (the "DIP Order").
Without limiting the foregoing, all unpaid DIP Fees and Expenses (as defined in the DIP Order), shall be paid in full in Cash on the Effective Date.
As a result, debtor’s cash position during the month of February reflects the receipt of $34.6 million in proceeds under the debtor in possession credit facility authorized by Interim Replacement DIP Order (the “Replacement DIP Facility”), and the disbursement of $46.4 million to pay down outstanding amounts and the termination fee in connection with the original debtor in possession credit facility (the “Initial DIP Facility”) as authorized by the Interim Replacement DIP Order.
To the extent that any provision herein is inconsistent with any term of the DIP Orders, the DIP Order shall control.
This amendment did not constitute a "material change," as such term is defined in the DIP Order, and therefore did not require Bankruptcy Court approval.