DIP Term definition

DIP Term means the period from the Closing Date to, but excluding, the Maturity
DIP Term means a period commencing on the date of entry of the Interim Financing Order and ending on June 25, 2001 or such later date as may be agreed to in writing by Debtors, Agents and Lenders in writing.
DIP Term means a period commencing on the date of entry of the Interim Financing Order and ending on the first anniversary thereof; provided, that if the DIP Term has been extended by the Borrowers pursuant to Section 3.2(b), the DIP Term shall end on the last day of the applicable Renewal Period.

Examples of DIP Term in a sentence

  • The DIP Term Loan Claims shall be deemed to be Allowed Claims under the Plan.

  • In addition, on the Effective Date, the 3% exit fee under the DIP Term Loan Agreement shall be paid to the DIP Roll Up Lenders.

  • The automatic conversion of the DIP Revolving Credit Loans, DIP Term C Loans, DIP Term Letters of Credit, DIP Revolving Letters of Credit and DIP Term Loans into Loans and Letters of Credit hereunder, is subject to the satisfaction in all material respects or waiver by the Requisite DIP Roll Lenders of the conditions precedent set forth in this Section 6 (such date, the “Conversion Date”).

  • The DIP Term Loan Facility was used in part to repay in full the outstanding obligations under the Company’s existing ABL Facility.

  • Upon the payment or satisfaction of the Allowed DIP Term Loan Facility Claims in accordance with this Article II.B.2, all Liens and security interests granted to secure the Allowed DIP Term Loan Facility Claims shall be automatically terminated and of no further force and effect without any further notice to or action, order, or approval of the Bankruptcy Court or any other Entity.

  • Upon payment and satisfaction in full of all Allowed DIP Term Loan Claims, all Liens and security interests granted to secure such obligations, whether Claims in the Reorganization Cases or otherwise, shall be terminated and of no further force or effect.

  • On the Effective Date, subject to entry of the Final DIP Order approving the DIP Term Loan Roll-up Claims, the Prepetition Term Loan Claims shall be deemed Allowed in the aggregate principal amount of $90,068,705.10, plus all interest (including any payment-in-kind interest), fees, and other expenses payable under the Prepetition Term Loan Agreement related to the Prepetition Term Loan Facility.

  • In full satisfaction, settlement, release and discharge of the Allowed DIP Term Loan Claims, on the Effective Date, all Allowed DIP Term Loan Claims shall be paid in full in Cash.

  • All of the Debtors’ contingent or unliquidated obligations under the DIP Term Loan Credit Agreement, including, without limitation, under Sections 2.15, 2.16, 2.17 and 9.05, to the extent any such obligation has not been paid in full in Cash on the Effective Date, shall survive the Effective Date and shall not be released or discharged pursuant to the Plan or Confirmation Order, notwithstanding any provision hereof or thereof to the contrary.

  • The DIP Term Loan Agent shall retain all rights as DIP Term Loan Agent under the DIP Term Loan Documents in connection with the delivery of the distributions to the DIP Term Loan Lenders.


More Definitions of DIP Term

DIP Term means a period commencing on the date of entry of the Interim Financing Order and ending on the earliest to occur of: (a) December 2, 2005, or (b) the consummation of a sale, pursuant to Section 363 of the Bankruptcy Code or pursuant to a confirmed plan of reorganization or liquidation pursuant to Chapter 11 of the Bankruptcy Code, of all or a substantial portion of the assets of any Borrower (not to include sales conducted pursuant to the De Minimis Asset Sale Order), including, without limitation, an Acceptable Sale.
DIP Term means a period commencing on the date of entry of the Interim DIP Financing Order and ending on April 22, 2011.
DIP Term means a period commencing on the date of entry of the Financing Order and ending on the first anniversary thereof.

Related to DIP Term

  • Agreement Term has the meaning set forth in Section 11.1.

  • (f) The term inventor’ means the individual or, if

  • (4) The term Secretary’ means the Secretary

  • (i) the term family’ means all persons re-

  • (A) the term major disaster’ means any disaster or catastrophe declared or designated by any State or Federal agency or department;

  • The term Trustee" shall mean The Bank of New York Mellon and its successors in interest or any successor trustee appointed as provided in the Standard Terms and Conditions of Trust.

  • (18) The term Service’ means the Indian

  • (5) the term rural area’ means a city, town, or unincor- porated area that has a population of not more than 10,000 inhabitants.

  • Agreement Period means the period between the Agreement Date and the Expiry Date, unless terminated earlier on the Termination Date;

  • (B) the term biomass’ means any organic matter that is available on a renewable or recurring basis, including agricul- tural crops and trees, wood and wood wastes and residues, plants (including aquatic plants), grasses, residues, fibers, and animal wastes, municipal wastes, and other waste materials.’’.

  • (6) The term Secretary’ means the Secretary of

  • (14) The term supplement’ means a request

  • (ii) the term barter’ means the exchange

  • (C) the term affiliate’ means a company that, by reason of ownership or control of 25 percent or more of the outstanding shares of any class of voting securities of one or more companies, directly or indirectly, controls, is controlled by, or is under common control with, another company.’’.

  • (7) The term Secretary’ means the Secretary of

  • (iv) the term eligible recipient’ means an indi- vidual or entity that is eligible to receive a covered loan;

  • (3) The term Treaty on Open Skies’ means the Treaty on Open Skies, signed at Helsinki on March 24, 1992.’’

  • (34) The term dehumidifier’ means a self-contained, elec- trically operated, and mechanically encased assembly consisting of—

  • (15) The term data’ means recorded informa-

  • (9) The term economic impact’ means, with respect to a proposed or final rule—

  • (12) The term Phase II’ means—

  • (20) The term commercial clothes washer’ means a soft- mount front-loading or soft-mount top-loading clothes washer that—

  • (v) The term Neighboring State’ means a coastal

  • (2) The term Director’ means the Director of

  • (11) The term health promotion’ means—

  • (1) The term Board’ means the Board of Governors of the Federal Reserve System.