Examples of DIP Term Agent in a sentence
The DIP Term Agent shall be deemed to be the holder of all DIP Term Claims for purposes of distributions of Cash to be made hereunder, and all distributions on account of such DIP Term Claims shall be made to the DIP Term Agent.
Notwithstanding anything in the Plan to the contrary, and without limiting the exculpation and release provisions of the Plan, the DIP Term Agent shall not have any liability to any Entity with respect to distributions made or directed to be made by the DIP Term Agent.
The DIP Facility Claims of the DIP Term Agent and the DIP Term Lenders shall be deemed to be Allowed in an amount equal to the outstanding DIP Term Obligations (as defined in the CA DIP Order).
As soon as practicable following compliance with the requirements set forth in Article VI of this Plan, the DIP Term Agent shall arrange to deliver or direct the delivery of such distributions to or on behalf of the Holders of DIP Term Claims in accordance with the terms of the DIP Term Facility, subject to any modifications to such distributions in accordance with the terms of the Plan.
Financing on a postpetition basis on better terms is not available without granting the DIP Term Agent, for the benefit of themselves and the DIP Term Lenders, and the DIP ABL Lender (1) perfected security interests in and liens (each as provided herein) on the DIP Collateral, with the priorities set forth herein;(2) superpriority claims; and (3) the other protections set forth in this Interim Order.