DIP Term Loans definition

DIP Term Loans means with respect to each Lender, such Lender’s Term Loans (as defined in the Existing DIP Agreement) outstanding immediately prior to the occurrence of the Conversion Date.

DIP Term Loans means the term loans borrowed under the DIP Term Credit Agreement.

DIP Term Loans with respect to each Lender, such Lender’s First Priority Term Loans (as defined in the Existing DIP Agreement) outstanding immediately prior to the occurrence of the Closing Date.

Examples of DIP Term Loans in a sentence

• The automatic conversion of the DIP Revolving Credit Loans, DIP Term C Loans, DIP Term Letters of Credit, DIP Revolving Letters of Credit and DIP Term Loans into Loans and Letters of Credit hereunder, is subject to the satisfaction in all material respects or waiver by the Requisite DIP Roll Lenders of the conditions precedent set forth in this Section 6 (such date, the “Conversion Date”).

• The proceeds of the Rights Offering and Exit Facility shall be in an aggregate amount which shall be sufficient to fund required distributions under the Plan, including to pay in full all outstanding amounts under the DIP Facilities (subject to the conversion of the DIP Term Loans to New Common Stock as described below) and the ABL Facility on the Effective Date.

• Parties shall cooperate mutually with respect to natural disaster preparedness and recovery resulting from damage to the Project, including closure of the trail easement/permit area, post disaster clean-up, and management of state and federal assistance related to any natural disaster damage to the Project.

• Without any further action by the CA Debtors or any other party, upon entry of the Final Order (a) the Term Roll-up Amount shall be converted into DIP Term Loans, and (b) the then-remaining outstanding balance of the Prepetition ABL Loans (which have not already been rolled up) shall be converted into DIP ABL Loans.

• The conversion and “roll-up” of Prepetition Term Loans into DIP Term Loans and Prepetition ABL Loans into DIP ABL Loans will enable the CA Debtors to obtain urgently needed financing that will allow them to free up liquidity to fund the chapter 11 process.

More Definitions of DIP Term Loans

DIP Term Loans means the Junior Loans and the New Money Loans outstanding from time to time.

DIP Term Loans. Loans made pursuant to Section 2.1.2 hereunder by Xxxxxxx having DIP Term Loan Commitments. For the avoidance of doubt, the principal balance of outstanding DIP Term Loans, as determined from time to time, shall include all capitalized PIK Interest and the Upfront Payment which has been Paid in Kind on the Interim DIP Closing Date, as applicable.

DIP Term Loans shall have the meaning assigned to the term “Loans” in the DIP Term Loan Credit Agreement.

DIP Term Loans means the multiple draw term loans provided under the DIP Term Loan Facility.

DIP Term Loans means the new money loans extended by the DIP Lenders pursuant to the DIP Facility.

DIP Term Loans shall have the meaning provided in the preamble to this Agreement. “Disqualified Stock” shall mean any Capital Stock that, by its terms (or by the terms of any security into which it is convertible, or for which it is exchangeable, in each case, at the option of the holder of the Capital Stock), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the holder of the Capital Stock, in whole or in part, on or prior to the date that is 91 days after the Maturity Date. Notwithstanding the preceding sentence, any Capital Stock that would constitute Disqualified Stock solely because the holders of the Capital Stock have the right to require the issuer thereof to repurchase such Capital Stock upon the occurrence of a change of control or an asset sale will not constitute Disqualified Stock if the terms of such Capital Stock provide that the issuer thereof may not repurchase or redeem any such Capital Stock pursuant to such provisions unless such repurchase or redemption complies with Section

DIP Term Loans and the commitments with respect to the DIP Term Loans shall be referred to as the “DIP Term Commitments.” The borrowing of DIP Term Loans shall automatically and permanently decrease the DIP Term Commitments on a dollar-for-dollar basis, and all DIP Term Loans repaid or prepaid may not be reborrowed. Voluntary and mandatory prepayments of DIP Term Loans shall be made on a pro rata basis to outstanding DIP Term Loans and reductions or terminations of DIP Term Commitments shall be made on a pro rata basis. The DIP Obligors or their subsidiaries will not be permitted to repurchase DIP Term Loans in the open market or otherwise. Each of the DIP Lenders shall (on a several but not joint basis) on the date on which the conditions precedent under “Conditions Precedent to the Closing Date” are satisfied (or waived by the Required DIP Backstop Parties) (such date, the “Closing Date”) make (or caused to be made) its ratable portion of the DIP Term Loans in an aggregate principal amount of $1,250 million available to the Borrowers in a single draw of DIP Term Loans, consisting of (i) DIP Term Loans (the “Tranche B DIP Term Loans”) in a principal amount equal to the amount of all Superpriority Term Loan Claims (which, for the avoidance of doubt, shall include any claim on account of principal, interest, the Make Whole Amount (as defined in the Superpriority Credit Agreement) or other outstanding Obligations (as defined in the Superpriority Credit Agreement) in respect of the Superpriority Term Loans) outstanding on the Closing Date and (ii) new money DIP Term Loans (the “Tranche A DIP Term Loans”) in a principal equal to the remaining amount of all DIP Term Loans. The DIP Term Loans and all other obligations under the DIP Facility shall be immediately due and payable on the Maturity Date.