DIP Revolving Loans definition

DIP Revolving Loans means (i) the loans and advances made by the Lenders pursuant to this Agreement, including (i) the initial DIP Revolving Loans made to the Borrowers on the Closing Date pursuant to Section 2.01, (ii) any DIP Revolving Loans made to the Borrowers after the Closing Date pursuant to Section 2.01 and (iii) following the Roll-Up Effective Time, the Roll-Up Revolving Loans that are deemed to be made by the Lenders hereunder pursuant to Section 2.24.
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DIP Revolving Loans with respect to each Lender, such Lender’s Revolving Loans (as defined in the Existing DIP Agreement) outstanding immediately prior to the occurrence of the Closing Date.
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DIP Revolving Loans means the revolving loans made under the DIP Credit Agreement.
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Examples of DIP Revolving Loans in a sentence

  • Upon the occurrence and during the continuation of any Event of Default under the DIP Revolving Loan Documents, the DIP Revolving Agent may and at the direction of the Required DIP Revolving Lenders will have the right to cease making DIP Revolving Loans and, upon not more than five days' notice to the Borrower (which shall be filed with the Bankruptcy Court and served on all key notice parties), otherwise exercise customary rights and remedies.

  • The Debtors may prepay in whole or in part the DIP Revolving Loans at any time, without premium or penalty.

  • The Borrowers will not directly or indirectly use the proceeds of the DIP Revolving Loans or otherwise make available such proceeds to any person, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

  • If the accumulated sick leave is insufficient, the employee may utilize accumulated vacation, personal leave, etc.

  • Subject to the terms and conditions set forth below and in the DIP Orders, the proceeds of Collateral and the proceeds of DIP Revolving Loans made under this Agreement and any other Collateral shall be used in accordance with this Agreement and the DIP Order and the Loan Parties shall at all times be in compliance with the covenants set forth herein and in the DIP Orders.

  • There shall not exist any order, injunction or decree of any Governmental Authority (other than the Chapter 11 Cases) restraining or prohibiting the funding of the DIP Revolving Loans hereunder.

  • The DIP Revolving Loans, together with all amounts owed hereunder with respect thereto, shall be repaid no later than the Maturity Date.

  • For any DIP Revolving Loan to be made prior to the entry of the Final DIP Order, the sum of the outstanding principal amount of the DIP Revolving Loans (after giving effect to the amount of the requested DIP Revolving Loan) shall not exceed the amount permitted by the Interim Order.

  • None of the Loan Parties is in violation of, nor will the use of any of the DIP Revolving Loans violate, the Trading with the Enemy Act, as amended, or any executive orders, proclamations or regulations issued pursuant thereto, including, without limitation, regulations administered by OFAC (31 C.F.R. Subtitle B, Chapter V).

  • The delivery of a Borrowing Request and the acceptance by the Borrowers of the proceeds of any DIP Revolving Loans shall constitute a representation and warranty by the Borrowers and each other Loan Party that on the date of the making of such DIP Revolving Loans (both immediately before and after giving effect to such DIP Revolving Loans and the application of the proceeds thereof) the conditions contained in this Section 4.02 have been satisfied.


More Definitions of DIP Revolving Loans

DIP Revolving Loans means the revolving loans borrowed and letters of credit issued under the DIP Revolving Loan Credit Agreement.​​​​
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Related to DIP Revolving Loans

  • New Revolving Loans as defined in Section 2.25.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Refinancing Revolving Loans has the meaning assigned to such term in Section 2.26(a).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Other Revolving Loans shall have the meaning assigned to such term in Section 2.21.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Other Revolving Credit Loans means one or more Classes of Revolving Credit Loans that result from a Refinancing Amendment.

  • U.S. Revolving Loan means Loans made by a Lender in respect of its U.S. Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(a) and/or Section 2.24.

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Revolving Loan Notes means the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Revolving Credit Loans as defined in Section 2.1.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).