Initial DIP Budget definition

Initial DIP Budget means the DIP Budget delivered on or prior to the Closing Date in form and substance acceptable to the Required Lenders.

Initial DIP Budget means the DIP Budget delivered on or prior to the Interim Facility Effective Date, attached hereto as Exhibit J.

Initial DIP Budget means the DIP Budget delivered on or prior to the Petition Date. “Initial Loans” shall mean, individually or collectively, as the context may require, Tranche B-1Initial Loans and the Tranche B-2 Initial Loans.

Examples of Initial DIP Budget in a sentence

• The Lenders shall have received the Initial DIP Budget and all other information reasonably requested from the Borrowers.

• As of the date of this Agreement, Sellers have obtained and executed a commitment letter and term sheet from a group of lenders for DIP Financing in an original principal amount of up to $35.0 million, and have provided Purchasers with true and correct copies of the DIP Credit Documents and the related Initial DIP Budget in form approved by such DIP lenders.

• At the end of each four-week period commencing on the Petition Date, the Borrower shall deliver to Administrative Agent and the Lenders an Updated DIP Budget for the current week and the immediately subsequent 12 week period, in substantially the same form as the Initial DIP Budget (or such other form acceptable to the Lenders).

• A copy of the Initial DIP Budget, as approved by the DIP lenders, is attached as Exhibit 4.21.

• At least two days prior to the Closing Date, the Administrative Agent shall have received (i) the Initial DIP Budget, in form, scope and substance satisfactory to the Administrative Agent in its sole discretion and (ii) such other additional information (financial or otherwise) as may be reasonably requested by the Administrative Agent or the Requisite Lenders.

More Definitions of Initial DIP Budget

Initial DIP Budget means the budget referenced in Section 4.21 and attached as Exhibit 4.21 to this Agreement. Schedule 1.1

Initial DIP Budget means the DIP Budget delivered prior to the Petition Date.

Initial DIP Budget means the initial budget to be used in connection with the DIP Facility, which shall be in form and substance acceptable to the Required Consenting Senior Secured Creditors.

Initial DIP Budget means the initial budget reflecting projected cash flow , operating disbursements, payroll disbursements, non-operating disbursements and cash balances, prepared by the Borrowers and attached hereto as Schedule 6.01(n).

Initial DIP Budget means the DIP Budget delivered prior to the Petition Date. “Initial Loan” as defined in Section 2.1(a).

Initial DIP Budget means the DIP Budget delivered to Lender on the Effective Date, which shall be acceptable to Lender in its sole discretion. The Initial DIP Budget is attached hereto as Exhibit B and is acceptable to Lender in its sole discretion.

Initial DIP Budget shall have the meaning set forth in the definition of “DIP Budget”.