Initial DIP Commitment definition

Initial DIP Commitment means each Lender’s commitment to make Initial DIP Loans in an amount equal to such Lender’s Applicable Percentage of $400,000, and “Initial DIP Commitments” means all of such commitments collectively (which, for the avoidance of doubt, are several and not joint commitments).
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Initial DIP Commitment means, for each DIP Lender, the amount set forth opposite such DIP Lender’s name in Schedule I hereto directly below the column entitled “Initial DIP Commitment”.
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Initial DIP Commitment as to each DIP Lender, its commitment to make Initial DIP Loans to the Borrower in an amount not to exceed an aggregate principal amount at any one time outstanding the amount set forth opposite such DIP Lender’s name on Schedule 1.1 under the caption “Initial DIP Loan Commitment”.
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Examples of Initial DIP Commitment in a sentence

  • For the avoidance of doubt, no Lender is obligated under any other Lender’s Initial DIP Commitment.

  • Each Lender’s Initial DIP Commitment shall expire upon the funding by such Lender of the full amount of such Lender’s Initial DIP Loans.

  • Subject to the terms and conditions set forth herein (including without limitation the conditions set forth in Sections 4.01 and 4.02) and subject to the terms and conditions of the DIP Order, on the Closing Date, each Lender agrees, severally and not jointly with the other Lenders, to make term loans to the Borrower in one advance in Dollars in an amount equal to such Lender’s Initial DIP Commitment (the “Initial DIP Loans”).

  • The Equity Backstop Option Payment shall be fully earned on the Closing Date and shall be due, owing and payable in full on the Plan Effective Date, shared by Initial DIP Commitment Parties ratably.

  • On or prior to the Effective Date, the Initial DIP Commitment Parties, individually and not jointly, will have the option to purchase up to $100 million in aggregate principal amount of such Take Back Term Loans at a discount to par of 10% (the “Purchase Option”).

  • The DIP New Term Loans funded by the Initial DIP Commitment Parties shall be funded with an original issue discount equal to 2.00 % of the aggregate principal amount of the commitments in respect of the DIP New Money Loans.

  • The objective function that we consider for coalition will be sum of all countries objective function.

  • Any investment made by the Initial DIP Commitment Parties through an investment in New TopCo will then be invested by New TopCo in New HoldCo. The New HoldCo Equity and New TopCo Equity, as applicable, issued on account of the Investment Option will be subject to dilution by the conversion of the Convertible Notes.

  • Each Initial DIP Lender’s Initial DIP Commitment has terminated as a result of the funding of the Initial DIP Loans on the Initial DIP Loan Funding Date.

  • The Cash Backstop Option Payment shall be earned, due, owing and payable in full on the Closing Date, shared by Initial DIP Commitment Parties ratably.

Related to Initial DIP Commitment

  • Initial Commitment means, as to the Lender, its obligation to make an Initial Loan to the Borrower pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite the Lender’s name in Schedule 1.01A under the caption “Initial Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The initial aggregate amount of the Initial Commitments is $75,000,000.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Term A Commitment means, as to each Term A Lender, its obligation to make Term A Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term A Lender’s name on Schedule 2.01 under the caption “Term A Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term A Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

  • Revolving Commitment Amount means the Revolving Commitment amount (if any) set forth adjacent to such Lender’s name on Schedule A attached hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Revolving Lenders as the same may be decreased pursuant to Section 2.12(c) or increased pursuant to Section 2.19. As of the Closing Date, the amount of the Total Revolving Commitment is $100,000,000.

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Facility A Commitment means, in relation to a Facility A Lender, the amount set opposite its name in column 1 of part E of schedule 1 or, as the case may be, in any relevant Transfer Certificate, as amended by any relevant term of this Agreement;

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Tranche A Commitment means, with respect to each Lender, the -------------------- commitment, if any, of such Lender to make Tranche A Term Loans hereunder, expressed as an amount representing the maximum principal amount of the Tranche A Term Loans to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.06 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender's Tranche A Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Tranche A Commitment, as applicable. The initial aggregate amount of the Lenders' Tranche A Commitments is $175,000,000.

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Aggregate Revolving Commitment means the aggregate of the Revolving Commitments of all of the Revolving Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $1,000,000,000.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Revolving Commitment Fee has the meaning specified in Section 2.09(a).

  • New Revolving Commitments has the meaning assigned to such term in Section 2.04.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Loan Commitment means a statement transmitted in writing or electronically by a mortgage lender setting forth the terms and conditions upon which the mortgage lender is willing to make a particular residential mortgage loan to a particular borrower.

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).