Examples of DIP Term Credit Agreement in a sentence
The DIP Term Milestones have been extended for the following: (a) obtain entry of the Disclosure Statement Order (as defined in the DIP Term Credit Agreement) by the Bankruptcy Court on or before June 8; and (b) obtain entry of the RSA Order (as defined in the DIP Term Credit Agreement) by the Bankruptcy Court on or before June 26.
For the avoidance of doubt, (i) the DIP Term Priority Accounts (as defined in the DIP Term Credit Agreement) shall at all times solely constitute DIP Term Priority Collateral and (ii) each of the DIP Additional Accounts shall constitute DIP Term Priority Collateral or DIP ABL Priority Collateral, as the case may be, subject to and in accordance with the Prepetition Intercreditor Agreement as specified in paragraph 52 below.
Using the proceeds of the cash capital contributions and/or loans, on the Effective Date or as soon thereafter as is reasonably practicable, ADH and Aleris Aluminum Duffel BVBA shall pay all outstanding New Money Term DIP Claims in full in the applicable currency under the DIP Term Credit Agreement to the DIP Term Agent Bank for distribution to holders of New Money Term DIP Claims.
Notwithstanding the foregoing, this Plan, as to the applicable Debtors party to the DIP Term Credit Agreement, is contingent upon the DIP Term Agent and the DIP Term Lenders either receiving the indefeasible payment in full in cash of their outstanding remaining DIP Facility Claims or agreeing to a different treatment of their DIP Facility Claims under this Plan, including accepting less than the full cash payment on account thereof, in each case subject to the terms of the CA Committee Settlement.
Each holder of a New Money DIP Claim will receive payment in full, in the applicable currency under the DIP Term Credit Agreement, of the unpaid portion of its claim on the Effective Date or as soon thereafter as is reasonably practicable.
Collectively, the DIP Term Credit Agreement and the DIP ABL Credit Agreement.
Any Claim arising out of the U.S. Roll-Up Term Loans under the DIP Term Credit Agreement.
As to the applicable Debtors party to the DIP Term Credit Agreement, the DIP Term Agent and the DIP Term Lenders shall have either received the indefeasible payment in full in cash of their outstanding remaining DIP Facility Claims or agreed to the treatment under this Plan of their DIP Facility Claims.
The Applicant shall secure all necessary rights-of-way and public and private easements for both onsite and offsite improvements.
Sears Canada and the DIP Lenders have entered into amendments to the DIP ABL Credit Agreement and the DIP Term Credit Agreement (collectively, the “ Amendments”) reflecting these revised terms and other ancillary administrative amendments.