DIP Term Facility definition

DIP Term Facility means that certain $60.0 million debtor-in-possession credit facility provided under the DIP Term Facility Loan Agreement.

DIP Term Facility means that certain $311.8 million senior secured term credit facility issued in accordance to the terms and conditions set forth in the DIP Term Agreement and the DIP Financing Order, as applicable.

DIP Term Facility means that certain debtor-in-possession financing facility, available pursuant to the terms and conditions of the DIP Term Agreement in the aggregate principal amount of up to $64.7 million.

Examples of DIP Term Facility in a sentence

• The Debtors’ primary source of financing during the Chapter 11 Cases is access to the DIP Term Facility, the DIP ABL Facility and cash collateral.

• Except to the extent that a holder of a DIP Term Facility Claim agrees to less favorable treatment, on the Effective Date, each holder of a DIP Term Facility Claim shall receive Cash in an amount equal to the Allowed amount of such DIP Term Facility Claim.

• The Debtors used a portion of the proceeds of the DIP Term Facility to repay the Bridge Loan Facility, and proceeds of the DIP Term Facility and DIP ABL Facility to fund their working capital needs.

• On June 11, 2015, the Bridge Loan Facility was paid in full in Cash with proceeds of the DIP Term Facility.

• The DIP Term Facility consists of a multi-draw senior secured term loan facility in the amount of $60 million, which will be repaid in full in Cash on the Effective Date.

More Definitions of DIP Term Facility

DIP Term Facility has the meaning assigned to such term in the preamble herein.

DIP Term Facility means those certain term loans arising under the DIP Term Credit Agreement.

DIP Term Facility means that certain $40.0 million debtor-in-possession credit facility provided under the DIP Term Facility Credit Agreement.

DIP Term Facility means that certain senior secured super priority post- petition credit facility made available to the Debtors pursuant to the DIP Term Loan Documents and the DIP Orders.

DIP Term Facility means that certain debtor-in-possession term loan financing facility, the terms of which shall be consistent with the credit agreement substantially in the form attached as Exhibit 1-B to the Restructuring Term Sheet and shall otherwise be acceptable to the Debtors and the Requisite Consenting Creditors in all material respects.

DIP Term Facility means that certain debtor-in-possession financing facility, available pursuant to the terms and conditions of the DIP Term Agreement in the aggregate principal amount of up to $150 million, consisting of up to $50 million in New Money DIP Loans and up to $100 million in Roll-Up DIP Loans.

DIP Term Facility means that certain Senior Secured Super-Priority Debtor-In-Possession Credit Agreement initially by and among Parent, QS Wholesale, Inc., as borrower, the “Guarantors” party thereto, the DIP Term Agent and the DIP Term Lender, the terms of which shall be reasonably satisfactory to the Administrative Agent.