Examples of DIP Term Facility Agent in a sentence
The Disbursing Agent, the DIP Term Facility Agent, and Debtors shall be entitled to recognize and deal for all purposes hereunder only with those record holders stated on the transfer ledgers as of the close of business on the Distribution Record Date, to the extent applicable.
On the Effective Date, the DIP Term Facility Agent shall be authorized to (i) disburse all remaining funds (if any) in the DIP Term Facility Priority Account to the Debtors or the Reorganized Debtors and (ii) close the DIP Term Facility Priority Account.
The Debtors, the DIP Term Facility Agent, or the Disbursing Agent shall have no obligation to recognize any transfer of the Claims or Interests occurring on or after the Distribution Record Date.
The DIP Term Facility Agent shall not act as Disbursing Agent with respect to distributions of the DIP Equity Distribution to the DIP Term Facility Lenders and shall have no responsibility or liability for such distributions.
As of the close of business on the Distribution Record Date, the various transfer registers for each of the Classes of Claims or Interests as maintained by the Debtors, the DIP Term Facility Agent, or their respective agents, shall be closed, and the Debtors, the DIP Term Facility Agent, or their respective agents shall not be required to make any further changes in the record holders of any of the Claims or Interests.
None of the Debtors, Reorganized Debtors, Term Loan Lenders, Term Loan Agent, DIP Term Facility Lenders, DIP Term Facility Agent, Exit Term Facility Lenders, Exit Term Facility Agent, ABL Facility Lenders, ABL Facility Agent, DIP ABL Facility Lenders, DIP ABL Facility Agent, Exit ABL Facility Lenders, Exit ABL Facility Agent, the Creditors Committee or any Professionals of the foregoing shall object to any Professional Claims that comprise the Professional Fee Payment Amount.
The DIP Term Facility Agent shall have the right to deduct from and pay interest, fees and expenses of the DIP Term Facility Obligations from the proceeds in the DIP Term Facility Priority Account (including the fees and expenses of the DIP Term Facility Agent), subject to and in accordance with Paragraph 8 below.
Nonetheless, pursuant to a series of forbearance agreements, the DIP Term Facility Agent and the DIP ABL Agent, at the direction of their respective lenders, have agreed to forbear on exercising their remedies under the respective DIP Facilities until January 29, 2016 and agreed to allow the Debtors continued access to cash collateral during that period to allow the Debtors an opportunity to solicit and obtain confirmation of the Plan.
Pursuant to a series of forbearance agreements, the DIP Term Facility Agent and certain DIP Term Facility Lenders have agreed to forbear on exercising their remedies under the DIP Term Facility until January 31, 2016.
Also, the Sustainability appraisal has been updated to take account of the amendments to the Draft version.