Examples of DIP Term Sheet in a sentence
KSV has been advised that the final version of the DIP Term Sheet will be substantially in the form attached as Appendix “F”.
Failure of the Borrower or any of the other Loan Parties to pay any amounts when due and owing under the DIP Term Sheet or under the Loan Documents, or to comply with the DIP Term Sheet and the Loan Documents, including for greater certainty, failure to comply with any Affirmative Covenant or Negative Covenant set out therein.
The Applicants are seeking a charge for the DIP Lender to secure its advances under the DIP Term Sheet.
The terms of the DIP Facility are detailed in the DIP Term Sheet.
The DIP Lender shall be entitled to the benefit of and is hereby granted a charge (the "DIP Lender’s Charge") on the Property as security for any and all obligations of the Applicant under or pursuant to the DIP Facility and the DIP Term Sheet, which charge shall not exceed the aggregate amount owed to the DIP Lender under the DIP Facility and the DIP Term Sheet.