DIP Term Loan Obligations definition

DIP Term Loan Obligations means the “Obligations” as defined in the DIP Term Loan Agreement.
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DIP Term Loan Obligations means the “Obligations” as defined in the DIP Credit Agreement.
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DIP Term Loan Obligations means the “DIP Term Loan Obligations” as defined in the Financing Orders.
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Examples of DIP Term Loan Obligations in a sentence

  • The DIP Term Loan Obligations shall be secured by the Collateral, and the respective priorities of the Revolving Credit Facility and the DIP Term Loan Facility (and each facility thereof) with respect to the ABL Priority Collateral and the Term Loan Priority Collateral of the Loan Parties shall be set forth in the New DIP Order and in the Intercreditor Agreement.

  • The DIP Agents, the DIP Lenders and the Prepetition Secured Parties, respectively, shall have the respective right to credit bid (in the case of the DIP Term Loan Obligations, with the consent of the Majority Lenders (as defined in the DIP Term Loan Agreement)) a portion of or all of their respective claims in connection with a sale of the Debtors’ assets under section 363 of the Bankruptcy Code or under a plan of reorganization, unless the Bankruptcy Court, for cause, orders otherwise.

  • The DIP Term Loan Obligations, at the option of the Required Term DIP Lenders, to be exercised in their sole and absolute discretion, shall be repaid (a) first, from the DIP Term Loan Collateral comprising Previously Unencumbered Collateral and (b) second, subject to any applicable intercreditor agreements, from all other DIP Term Loan Collateral.

  • For the avoidance of doubt, the DIP Term Loan Obligations (as defined in the DIP Financing Order), including the Redemption Premium, shall be paid in full in cash on the Closing Date in accordance with the terms of the Sale Order.

  • All Non-Debtor Subsidiary Notes/Receivables held by Sierra Communications shall accrue interest at the same rate as the DIP Term Loan Obligations and be pledged to secure the DIP Term Loan Obligations.

  • Significantly, the DIP Term Loan Lenders also agreed to subordinate payment of the DIP Term Loan Obligations and Prepetition Term Loan Obligations to the payment of Stub Rent (as defined in the DIP Reply).99• The Debtors’ Professionals, Directors, Officers, and Employees.

  • Any funding of the Carve Out shall be added to, and made a part of, the DIP ABL Obligations or DIP Term Loan Obligations, as applicable, secured by the DIP Collateral and shall be otherwise entitled to the protections granted under the Interim Orders, this Final Order, the DIP ABL Documents, the DIP Term Loan Documents, the Bankruptcy Code, and applicable law.

  • Any amount realized from unwinding a paydown of Prepetition Secured Obligations shall be used to prepay DIP ABL Obligations if a paydown of Prepetition Revolver Obligations is unwound and to prepay DIP Term Loan Obligations if a paydown of Prepetition Term Loan Obligations is unwound.

  • Nothing in the Interim Orders or this Final Order shall be construed to constitute a substantive consolidation of any of the Debtors’ estates, itbeing understood, however, that the Borrowers and the DIP Term Loan Guarantors shall be jointly and severally liable for the obligations hereunder and all DIP Term Loan Obligations in accordance with the terms hereof and of the DIP Term Loan Credit Facility and the DIP Term Loan Documents.

  • The access by the DIPParties to sufficient working capital and liquidity through the use of Term Loan Cash Collateral and other Prepetition Term Loan Priority Collateral, incurrence of new indebtedness under the DIP Term Loan Documents and other financial accommodations provided under the DIP Term Loan Documents are necessary and vital to the preservation and maintenance of the going concern value of the DIP Parties and to a successful reorganization of the DIP Parties and DIP Term Loan Obligations.

Related to DIP Term Loan Obligations

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

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

  • Existing Term Loan Credit Agreement means the Term Loan Credit Agreement dated December 5, 2014 among the Company, the Revolving Borrower, Barclays Bank PLC, as administrative Agent, and the financial institutions and lenders from time to time party thereto, as amended, restated, supplemented or otherwise modified from time to time prior to the Closing Date.

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.

  • Refinancing Term Loan Commitments has the meaning assigned to such term in Section 2.26(a).

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Credit Facility Obligations means all “Obligations” (or any other defined term having a similar purpose) as defined in the Credit Agreement.

  • Existing Term Loan Facility has the meaning specified in Section 2.17(a).

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • Credit Agreement Obligations means the “Obligations” as defined in the Credit Agreement.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Term Loan Claims means the Claims arising in respect of the term facility under the Credit Agreement.

  • Refinancing Term Loans means one or more Classes of Term Loans that result from a Refinancing Amendment.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Additional First Lien Obligations means all amounts owing to any Additional First-Lien Secured Party (including the Initial Additional First-Lien Secured Parties) pursuant to the terms of any Additional First-Lien Document (including the Initial Additional First-Lien Documents), including, without limitation, all amounts in respect of any principal, premium, interest (including any interest accruing subsequent to the commencement of a Bankruptcy Case at the rate provided for in the respective Additional First-Lien Document, whether or not such interest is an allowed claim under any such proceeding or under applicable state, federal or foreign law), penalties, fees, expenses, indemnifications, reimbursements, damages and other liabilities, and guarantees of the foregoing amounts.

  • Credit Obligations means all principal, interest, fees, reimbursements, indemnifications, and other amounts now or hereafter owed by the Borrower to the Agent and the Banks (or with respect to the Interest Hedge Agreements, any Affiliates of the Banks) under this Agreement, the Revolving Loan Notes, the Swing Line Note, the Letter of Credit Documents, and the other Credit Documents and any increases, extensions, and rearrangements of those obligations under any amendments, supplements, and other modifications of the documents and agreements creating those obligations.

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Finance Obligations means, at any date, (i) all Senior Credit Obligations, (ii) all Swap Obligations of a Loan Party permitted hereunder owed or owing to any Swap Creditor and (iii) all Cash Management Obligations.

  • Term Obligations shall have the meaning assigned that term in the Intercreditor Agreement.

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.

  • Refinancing Term Lender has the meaning specified in Section 2.15(c).