Examples of DIP Term Lenders in a sentence
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).
From and after the Effective Date, the DIP Term Lenders shall be deemed to have waived any claim or recourse on account of such parties’ adequate protection claims or DIP Claims, as applicable, against the Litigation Trust, the Litigation Trust Assets, and any such adequate protection claims or DIP Claims, as applicable, shall be subordinated in all respects to the obligation of the Debtors or the Reorganized Debtors, as applicable, to transfer all of the Litigation Trust Assets to the Litigation Trust.
On or before the Effective Date, the Debtors and the Avoidance Actions Trustee shall execute the Avoidance Actions Trust Agreement, which shall be in form and substance reasonably acceptable to the DIP Term Lenders, and shall take all other necessary steps to establish the Avoidance Actions Trust and the Avoidance Action Trust Interests therein, which shall be for the benefit of the Avoidance Actions Trust Beneficiaries, whether their Claims are Allowed before, on, or after the Effective Date.
Nothing herein shall require the DIP Administrative Agent, Prepetition Term Loan Agent, DIP Term Lenders and the DIP ABL Secured Parties, or their respective professionals, to file a Proof of Claim or otherwise seek approval of the Court for payment of their reasonable and documented fees and expenses (including the reasonable and documented fees and expenses of their professionals), which payment shall be on the terms set forth in the DIP Orders.
None of the DIP Term Agent, the DIP Term Lenders, the DIP ABL Lender, or the CA Prepetition Secured Parties shall be responsible for the payment or reimbursement of any fees or disbursements of any Professional Person incurred in connection with the Chapter 11 Cases or any Successor Cases.
Unless this Court orders otherwise, the automatic stay shall automatically be terminated at the end of the Remedies Notice Period without further notice or order as to the DIP Term Agent, the DIP Term Lenders, and the DIP ABL Lender.
Upon entry of this Interim Order and to the fullest extent provided by applicable law, the DIP Term Agent (on behalf of the DIP Term Lenders), the DIP ABL Lender, the Prepetition Term Agent (on behalf of the Prepetition Term Lenders), and the Prepetition ABL Lender, shall be, and shall be deemed to be, without any further action or notice, named as additional insured and loss payee on each insurance policy maintained by the CA Debtors that in any way relates to the DIP Collateral.
Upon delivery of the Avoidance Actions Trust Assets to the Avoidance Actions Trust, the Debtors and Reorganized Debtors, their predecessors, successors and assigns, the DIP Term Lenders, and each other Entity released pursuant to Article X herein shall be discharged and released from all liability with respect to the delivery of such distributions.
The DIP Term Agent, the DIP Term Lenders, the DIP ABL Lender, and the CA Prepetition Secured Parties will not be required to file proofs of claim in any of the Chapter 11 Cases or Successor Cases for any claim allowed herein.
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.