Final DIP Order Entry Date definition
Examples of Final DIP Order Entry Date in a sentence
The Final DIP Order Entry Date shall have occurred not later than 45 days following the Petition Date, and the Final DIP Order shall not have been vacated, reversed, modified, amended or stayed.
The Final DIP Order Entry Date shall have occurred, and the Final DIP Order shall not have been vacated, reversed, modified, amended or stayed.
In each case, subject to the Final DIP Order and upon the Final DIP Order Entry Date, (x) no cost or surcharge shall be imposed against any Collateral under Section 506(c) of the Bankruptcy Code and (y) the Collateral shall not be subject to the doctrine of marshalling or Section 552 of the Bankruptcy Code “equities of the case” arguments, in each case, as provided in the DIP Order.
To the extent required by Arranger to facilitate syndication of the credit facilities provided for under this Agreement (upon written notice from Arranger to Borrower at least fifteen (15) days prior to the Final DIP Order Entry Date), each of the credit facilities and the corporate family of the Credit Parties shall have been assigned and maintain a credit rating by ▇▇▇▇▇’▇ and S&P.
Lenders shall have made the Term Loans to Borrower no later than five (5) days after the Final DIP Order Entry Date.
Upon the Final DIP Order Entry Date, the Credit Parties shall not allow Liquidity at any time to be less than $315,000,000.
With respect to the Final DIP Loans, within thirty (30) days of the Petition Date, the Final DIP Order Entry Date shall have occurred and the Administrative Agent and the Lenders shall have received a true and complete copy of the Final DIP Order, and such order shall be in full force and effect and shall not have been reversed, modified, amended, stayed or vacated absent prior written consent of the Required Lenders and the Agents.
For the avoidance of doubt, any unused Commitments shall terminate on the earliest of (i) the date of the borrowing of all unused Commitments, (ii) the Maturity Date and (iii) 30 days after the Final DIP Order Entry Date.