Examples of Existing DIP Term Loan Agreement in a sentence
Subject to the terms and conditions set forth herein each Junior Loan Lender agrees, severally and not jointly, that the outstanding Junior Loans (as defined in the Existing DIP Term Loan Agreement) immediately prior to giving effect to this Agreement in an amount equal to the amount set forth opposite such Junior Loan Lender’s name on Schedule 2.01(b) hereto are hereby exchanged for Junior Loans and deemed borrowed hereunder (the “Junior Loans”).
If the winning bid for any portion of assets or businesses that are part of a Specified Sale include a credit bid of New Money Loans (as defined in the Existing DIP Term Loan Agreement), the amount of such credit bid shall be deemed to be Net Cash Proceeds for purposes of this Section 2.08(b)(ii).
Subject to the terms and conditions set forth herein each First Lien Lender agrees, severally and not jointly, that the outstanding New Money Loans (as defined in the Existing DIP Term Loan Agreement) immediately prior to giving effect to this Agreement in an amount equal to the amount set forth opposite such First Lien Lender’s name on Schedule 2.01(a) hereto are hereby exchanged for First Lien Loans and deemed borrowed hereunder (the “First Lien Loans”).
Subject to the terms and conditions set forth herein each First Lien Lender agrees, severally and not jointly, that the outstanding First Lien Last OutNew Money Loans 11 Stranded costs will be calculated in the same manner as in the Existing DIP Term Loan Agreement.
Upon this Agreement becoming effective pursuant to Section 3.1, from and after the Conversion Date: (i) all outstanding New Money Loans (as defined in the Existing DIP Term Loan Agreement) shall be deemed to be exchanged for First Lien Loans hereunder; (ii) all Junior Loans (as defined in the Existing DIP Term Loan Agreement) shall be deemed to be exchanged for Junior Loans hereunder.
Subject to the terms and conditions set forth herein each First Lien Lender agrees, severally and not jointly, that the outstanding First Lien Last Out Loans (as defined in the Existing DIP Term Loan Agreement) immediately prior to giving effect to this Agreement in an amount equal to the amount set forth opposite such First Lien Lender’s name on Schedule 2.01(a) hereto are hereby exchanged for First Lien Loans and deemed borrowed hereunder (the “First Lien Loans”).