Initial DIP Lenders definition

Initial DIP Lenders means JPMCB, CUSA, Wachovia Bank, N.A., The Bank of Nova Scotia, Fleet National Bank, Bank of America, N.A. and General Electric Capital Corporation.
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Initial DIP Lenders means, collectively, those entities identified as “Lenders” in the Initial DIP Credit Agreement and their respective permitted successors and assigns (solely in their capacity as “DIP Lenders” under the DIP Credit Agreement).
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Initial DIP Lenders means collectively, Marblegate Special Opportunities Master Fund, L.P. and P Marblegate Ltd.
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Examples of Initial DIP Lenders in a sentence

  • Immediately upon the commencement of the chapter 11 cases, the Debtors obtained a post-petition working capital facility (the "Initial DIP Credit Facility") from Madeleine L.L.C. and certain other lenders (collectively, the "Initial DIP Lenders").

  • As consideration for the commitments and agreements of the Lead Arranger and Initial DIP Lenders hereunder, you agree to pay or cause to be paid the fees described in those certain fee letters, dated as of the date hereof and delivered herewith (such letter agreements, the “Fee Letters”) on the terms and subject to the conditions set forth therein.

  • Lenders: Initially, certain of the Consenting Noteholders (as defined in the RSA) identified to the Borrower (collectively, the “Initial DIP Lenders”, and the Initial DIP Lenders together with any permitted assignees and successors, each a “DIP Lender”, and collectively the “DIP Lenders”).

  • You also acknowledge that the Initial DIP Lenders have no obligation to use in connection with the transactions contemplated by this DIP Commitment Letter, or to furnish to you, confidential information obtained from other companies.You further acknowledge that each Initial DIP Lender is a full service securities or banking firm engaged in securities trading and brokerage activities as well as providing investment banking and other financial services.

  • Pursuant to the Initial DIP Credit Facility, the Initial DIP Lenders initially agreed to make loans to, and to guarantee the issuance of letters of credit for, the Debtors in an amount not to exceed $5,000,000, of which $3,000,000 could be borrowed on an interim basis.

  • Each of the Initial DIP Lenders hereby notifies you that (a) pursuant to the requirements of the USA PATRIOT Act, Title III of Pub.

  • In addition, the Debtors and the Senior Note Indenture Trustee entered into a Stipulation consenting to the priming lien granted to the Initial DIP Lenders, granting adequate protection and authorizing the use of cash collateral (the "Cash Collateral Stipulation").

  • In the event that the Closing Date does not occur on or before the Expiration Date (as defined below), then this DIP Commitment Letter and the commitments hereunder (including, for the avoidance of doubt, the commitments with respect to the DIP Facility) shall automatically terminate unless the Initial DIP Lenders shall, in their discretion, agree to an extension (which consent may be provided by electronic mail communicated by Post-Petition Agent’s counsel to Credit Parties’ counsel).

  • As a condition to making the Initial DIP Loan and as adequate protection for use of cash collateral and priming lien, the Debtors, Initial DIP Lenders, Senior Note Indenture Trustee and Creditors' Committee agreed to certain milestones with respect to filing a plan of reorganization and soliciting acceptances thereto, as embodied in the August 14, 2003 order approving the Initial DIP facility on an interim basis.

  • The Debtors will prepare and deliver a cash flow forecast, in form and substance acceptable to, and consented to by, the Initial DIP Lenders (the “Initial DIP Budget”), setting forth all line-item and cumulative receipts and operating disbursements on a weekly basis for the period beginning as of the week of the Closing Date through and including the thirteenth (13th) week after such week.


More Definitions of Initial DIP Lenders

Initial DIP Lenders the DIP Lenders that made the Initial DIP Loans on November 3, 2008, which are identified on Schedule 1.1.
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Initial DIP Lenders means, collectively, each of the entities set forth on Schedule I as in effect on the Closing Date (as such schedule may be adjusted on the Closing Date as set forth in Section 2.1(a)(iii)), in each case, in its capacity as a DIP Lender.
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Related to Initial DIP Lenders

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.

  • Incremental Lenders has the meaning set forth in Section 2.14(c).

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • 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.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments that, taken together, represent more than 50% of the sum of (x) all Revolving Facility Loans outstanding, (y) all Revolving L/C Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Term Lenders means those Lenders having Term Loan Commitments.

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.

  • Requisite Term Loan Lenders shall in no event mean less than two Term Loan Lenders.

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Majority Revolving Credit Lenders means Revolving Credit --------------------------------- Lenders having at least 51% of the aggregate amount of the Revolving Credit Commitments or, if the Revolving Credit Commitments shall have terminated, Lenders holding at least 51% of the sum of (a) the aggregate unpaid principal amount of the Revolving Credit Loans plus (b) the aggregate amount of all Letter of Credit Liabilities.

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Majority Revolving Lenders at any time, (a) if only one Revolving Lender holds the Total Revolving Commitments at such time, such Revolving Lender, both before and after the termination of such Revolving Commitment; and (b) if more than one Revolving Lender holds the Total Revolving Commitment, at least two Revolving Lenders who hold more than 50% of the Total Revolving Commitments (including, without duplication, the L/C Commitments) or, at any time after the termination of the Revolving Commitments when such Revolving Commitments were held by more than one Revolving Lender, at least two Revolving Lenders who hold more than 50% of the Total Revolving Extensions of Credit then outstanding (including, without duplication, any L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time)); provided that the Revolving Commitments of, and the portion of the Revolving Loans and participations in L/C Exposure and Swingline Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Existing Revolving Commitments has the meaning assigned to such term in Section 2.27(a).

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

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

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).