DIP Term Loan definition

DIP Term Loan means the superpriority priming term loan facility in an aggregate principal amount of up to $300 million made available to the Debtors under section 2.01(a) of the DIP Loan Agreement.

DIP Term Loan means the “Term Loan” as defined in the DIP Credit Agreement.

DIP Term Loan means that certain consensual superpriority senior secured debtor in possession credit facility consisting of new money non-amortizing term loans in an aggregate principal amount of $55,000,000 provided by the DIP Term Loan Lenders under the DIP Loan Agreement, on the terms and conditions set forth in the DIP Loan Agreement, as approved by the DIP Orders.

Examples of DIP Term Loan in a sentence

• The DIP Term Loan Claims shall be deemed to be Allowed Claims under the Plan.

• In addition, on the Effective Date, the 3% exit fee under the DIP Term Loan Agreement shall be paid to the DIP Roll Up Lenders.

• The DIP Term Loan Facility was used in part to repay in full the outstanding obligations under the Company’s existing ABL Facility.

• Upon the payment or satisfaction of the Allowed DIP Term Loan Facility Claims in accordance with this Article II.B.2, all Liens and security interests granted to secure the Allowed DIP Term Loan Facility Claims shall be automatically terminated and of no further force and effect without any further notice to or action, order, or approval of the Bankruptcy Court or any other Entity.

• Upon payment and satisfaction in full of all Allowed DIP Term Loan Claims, all Liens and security interests granted to secure such obligations, whether Claims in the Reorganization Cases or otherwise, shall be terminated and of no further force or effect.

More Definitions of DIP Term Loan

DIP Term Loan means the term loan provided under the DIP Facility.

DIP Term Loan means that certain debtor in possession term loan entered into pursuant to the DIP Term Loan Agreement.

DIP Term Loan means that certain $425,000,000 term loan component of the DIP Loan Credit Agreement, used by Sellers to repay, in full, certain prepetition first-lien indebtedness.

DIP Term Loan means each term loan extended by the DIP Term Lenders under the DIP Term Loan Agreement.

DIP Term Loan means that certain Senior Secured Debtor-in-Possession Term Loan Agreement, among Momentive Performance Materials USA Inc., as a borrower, the Company, MPM, each domestic subsidiary of MPM that is party thereto in its capacity as a guarantor, the lenders party thereto from time to time, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and X.X. Xxxxxx Securities LLC, Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC in their respective capacities as arrangers thereunder (substantially in the form annexed to the DIP Motion as Exhibit C and as amended, supplemented, restated or otherwise modified from time to time in accordance with the terms thereof).

DIP Term Loan means that $425 million term loan component of the DIP Facility, used by the Debtors to repay, in full, certain prepetition first-lien indebtedness.

DIP Term Loan means an advance under the DIP Term Loan Documents.