Examples of Financing Term Sheet in a sentence
The Postpetition Lender shall have no obligation to lend under the DIP Financing Term Sheet unless and until the conditions precedent set forth therein have been satisfied.
This claim is procedurally barred as it was raised and rejected on direct appeal.
An Event of Default shall occur if any Debtor seeks an order dismissing the Borrower’s or the Guarantor’s Chapter 11 Case without the consent of the Postpetition Lender and prior to the indefeasible payment in full in cash and satisfaction in the manner provided in the DIP Financing Term Sheet and the other Postpetition Financing Documents of all obligations and indebtedness owing to the Postpetition Lender.
The DIP Financing Term Sheet and the other Postpetition Financing Documents provide that an Event of Default shall occur if any chapter 11 plan in the Borrower’s or the Guarantor’s Chapter 11 Case is confirmed and becomes effective unless such plan provides that the Postpetition Obligations shall be paid in full in cash on or before the effective date of such plan, unless the Postpetition Lender shall otherwise consent in writing prior to the effective date of such plan.
In addition, the Borrower and the Guarantor each is hereby authorized and directed to indemnify the Postpetition Lender against any liability arising in connection with the DIP Financing Term Sheet or the other Postpetition Financing Documents to the extent provided in the DIP Financing Term Sheet or the other Postpetition Financing Documents.
In addition to complying with all provisions of the DIP Financing Term Sheet and this Interim Order, the Borrower is hereby authorized and directed to enter into any additional agreements providing for the establishment of lockboxes, blocked accounts or similar arrangements requested by the Postpetition Lender for purposes of facilitating cash collections from the Borrower in accordance with the terms of the DIP Financing Term Sheet and this Interim Order.
The Borrower shall use Cash Collateral and the loans or advances made under, or in connection with, the DIP Financing Term Sheet and the other Postpetition Financing Documents for the period of time from the date hereof until the occurrence of a Termination Event, solely as provided in this Final Order or in the DIP Financing Term Sheet and the other Postpetition Financing Documents.
Notwithstanding anything herein or the occurrence of the Maturity Date, all of the rights, remedies, benefits and protections provided (i) to the Postpetition Lender under this Final Order, the DIP Financing Term Sheet, and the other Postpetition Financing Documents and (ii) to the Prepetition Agent and Prepetition Lenders under this Final Order, shall survive such Maturity Date (or Termination Event, if earlier).
All such fees, expenses and indemnities of the Postpetition Lender shall constitute Postpetition Obligations and shall be secured by the Postpetition Liens and afforded all of the priorities and protections afforded to the Postpetition Obligations under this Final Order, the DIP Financing Term Sheet and the other Postpetition Financing Documents.
Upon the entry of this Final Order, the DIP Financing Term Sheet, and, subject to this Final Order, upon execution and delivery of the other Postpetition Financing Documents, the DIP Financing Term Sheet and the other Postpetition Financing Documents, respectively, shall constitute valid and binding obligations of the Borrower and, as applicable, the Guarantor, enforceable against the Borrower or the Guarantor, as applicable, in accordance with their terms.