Examples of DIP Revolving Facility in a sentence
Amendments and Waivers under DIP Revolving Facility: Same as Existing First Lien Credit Agreement.
For the avoidance of doubt, the DIP Revolving Facility will not include any provisions related to Excess Availability.
For the avoidance of doubt, assignments under the DIP Revolving Facility will be subject to the consent of the DIP Revolving Agent (which shall not be unreasonably withheld or delayed).
Letter of Credit Obligations under the DIP Revolving Facility: Same as under Existing First Lien Credit Agreement.
Any agreement to provide the DIP Revolving Facility, DIP Term Facility or any other financing arrangement will be subject to the execution and delivery of (i) definitive documentation satisfactory to the DIP Revolving Agent, the DIP Term Agent and the Backstop Parties (in each case, as defined below), each acting in its sole discretion and (ii) the Creditor Support Agreement (as defined below).
The Closing Date under the DIP Revolving Facility shall be subject to conditions, which are satisfactory to the DIP Revolving Agent, including the satisfaction of the conditions set forth on Annex IV.
Other than as expressly set forth in this Term Sheet, each numerical "basket" or "cushion" set forth in the covenants and events of default contained in the DIP Revolving Facility shall be at least 20% more favorable to the Debtors than the corresponding provision under the DIP Term Facility.
Borrower under DIP Revolving Facility and DIP Term Facility: Xxxxxxxx Incorporated, a Delaware corporation f/k/a Xxxxxxxx Air-Xxxxx Incorporated (“Xxxxxxxx”) and, solely with respect to the DIP Revolving Facility, Xxxxxxxx Helicopters, Inc., an Oregon corporation f/k/a Evergreen Helicopters, Inc.