Existing DIP Agent definition

Existing DIP Agent means JPMCB, in its capacity as administrative agent under the Existing DIP Credit Agreement, and its successors in such capacity.
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Existing DIP Agent as defined in the recitals hereto.
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Existing DIP Agent means CIT in its capacity as agent for the Existing DIP Lenders under the Existing DIP Loan Agreement.
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Examples of Existing DIP Agent in a sentence

  • These service management processes deliver the best possible service to meet a customer's business needs within agreed resource levels, i.e. service that is professional, cost-effective and with risks which are understood and managed.

  • Debtors shall simultaneously provide to the Existing DIP Agent copies of all reports required to be provided to the Alternative DIP Agent pursuant to the Alternative DIP Interim Loan Documents and/or the Alternative DIP Loan Documents, as applicable.

  • Alternative DIP Agent and Existing DIP Agent shall not be required to file any UCC-1 financing statements, mortgages, deeds of trust, security deeds, notices of lien or any similar document or take any other action (including possession of any of the DIP Collateral) in order to validate the perfection of any of the Alternative DIP Liens or Existing DIP Adequate Protection Liens.

  • While the Debtors negotiated with the Existing DIP Agent for some time, the proposal from the Existing DIP Agent was not superior to the Centerbridge Group’s proposal because it did not permit the Debtors the opportunity to convert it into exit financing.

  • Effective upon entry of this Interim Order and without the necessity of the execution of mortgages, security agreements, pledge agreements, financing statements or otherwise, Existing DIP Agent, for the benefit of the Existing Secured Parties, is hereby granted valid, duly perfected and non-avoidable replacement security interests and liens in and to all of the Alternative DIP Collateral.

  • Alternative DIP Agent and Existing DIP Agent may, in its discretion, file a certified copy of this Interim Order in any filing office in each jurisdiction in which a Debtor is organized or has or maintains any Collateral or an office, and each filing office is directed to accept such certified copy of this Interim Order for filing and recording.

  • In addition to the Prepetition Second Lien Noteholders, the Existing DIP Agent expressed a potential interest in providing new financing.

  • Given these expressions of interest, the Debtors and their advisors requested more detailed proposals from various Prepetition Second Lien Noteholders as well as the Existing DIP Agent.

  • Upon entry of this Interim Order, Existing DIP Agent, for the benefit of Existing Secured Parties, shall be deemed to have an allowed superpriority adequate protection claim to the extent the Adequate Protection Liens are not adequate to protect Existing Secured Parties against any Diminution in Value (the “ Existing DIP Adequate Protection Claim”).

  • This would eventually allow boards of companies to be able to anticipate activities that may potentially be detrimental to the share price and to the company in general.

Related to Existing DIP Agent

  • Existing Agent has the meaning assigned to such term in the recitals hereto.

  • Second Lien Administrative Agent shall have the meaning assigned to the term “Administrative Agent” in the Second Lien Credit Agreement.

  • DIP Agent means the administrative agent for the DIP Lenders as defined in the DIP Credit Agreement.

  • Administrative Agent’s Fee Letter means that certain Administrative Agent’s Fee Letter dated as of January 13, 2010 by and among the Administrative Agent, International Paper and Borrower, as the same may be amended, restated or otherwise modified from time to time.

  • First Lien Administrative Agent means the “Administrative Agent” as defined in the First Lien Credit Agreement.

  • Term Loan Administrative Agent means Bank of America, in its capacity as administrative agent under the Term Loan Credit Agreement, and its successors and assigns in such capacity.

  • DIP Lender means a lender under the DIP Facility.

  • Supplemental Administrative Agent has the meaning specified in Section 9.13(a) and “Supplemental Administrative Agents” shall have the corresponding meaning.

  • the Agent means the estate agency described at paragraph 5 of the Schedule;

  • GECC means General Electric Capital Corporation.

  • Existing bank means a savings bank, national banking association, or state chartered bank engaged in the business of banking prior to the consolidation under this section.

  • Supplemental Administrative Agents shall have the corresponding meaning.

  • Term Administrative Agent means Bank of America, N.A., in its capacity as agent for the “Secured Parties” under (and as defined in) the Term Credit Agreement, and its successors and assigns in such capacity.

  • Administrative Agent as defined in the preamble hereto.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Note Holder Representative means a Controlling Note Holder Representative or a Non-Controlling Note Holder Representative, as applicable.

  • Applicable Agent means (a) with respect to a Loan or Borrowing denominated in Dollars or with respect to any payment that does not relate to any Loan or Borrowing, the Administrative Agent and (b) with respect to a Loan or Borrowing denominated in a Foreign Currency, a Swingline Foreign Currency Borrowing or Swingline Foreign Currency Loan, the Administrative Agent or an Affiliate thereof designated pursuant to Section 8.07.

  • Credit Agreement Agent means, at any time, the Person serving at such time as the “Agent” or “Administrative Agent” under the Credit Agreement or any other representative then most recently designated in accordance with the applicable provisions of the Credit Agreement, together with its successors in such capacity.

  • Administrative Agent Fee Letter means that certain fee letter, dated as of the date hereof, by and among the Administrative Agent and the Borrower.

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

  • Administrative Agent’s Account means an account at a bank designated by the Administrative Agent from time to time as the account into which the Borrower shall make all payments to the Administrative Agent for the benefit of the Agents and the Lenders under this Agreement and the other Loan Documents.

  • Required Consenting Noteholders means, as of the relevant date, the Consenting Noteholders then holding greater than fifty and one-tenth percent (50.1%) of the aggregate outstanding principal amount of Senior Notes Claims that are held by all Consenting Noteholders subject to the Restructuring Supporting Agreement as of such date.

  • Controlling Note Holder Representative shall have the meaning assigned to such term in Section 6(a).

  • Administrative Agent’s Letter shall have the meaning specified in Section 10.9 [Administrative Agent’s Fee].

  • Administrative Agent-Related Persons means Administrative Agent, its Affiliates, and the officers, directors, employees, agents and attorneys-in-fact of the Administrative Agent and its Affiliates.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).