Initial DIP Loans definition

Initial DIP Loans means the amount set forth on Schedule 2.1 or such lesser amount as set forth in the Interim Order and the Budget.
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Initial DIP Loans means Loans made on the Funding Date under the New Money DIP Loan Facility in an aggregate principal amount of $1,000,000.
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Initial DIP Loans means all loans made by the Lenders pursuant to the Interim Order in the aggregate original principal amount of $21,978,022.
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Examples of Initial DIP Loans in a sentence

  • The DIP Lender shall be entitled to all of the benefits of section 364(e) of the Bankruptcy Code for all Initial DIP Loans.

  • 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.

  • On July 21, 2015, CIBL formed Nevada PMV Acquisition Holding Company, LLC (“Nevada PMV”) for the purpose of acting as the sponsor for a special purpose acquisition company, or SPAC.

  • Upon the entry of the Final Order and subject to the satisfaction or waiver of the conditions to occurrence of the Funding Date set forth in Section 4.1, the Lender shall advance the Initial DIP Loans to Maker as soon as practicable, but no later than two (2) Business Days thereafter.

  • Initial DIP Loans subsequently repaid may not be reborrowed and amounts repaid or prepaid shall be, together with all other DIP Loans that are repaid or prepaid, subject to the Exit Fee.

  • Notwithstanding their having been advanced to the Borrower prior to the date of this Agreement, all Initial DIP Loans shall be governed by, subject to and benefit from all of the terms and conditions of this Agreement, the Orders and the other DIP Loan Documents and shall be secured by the DIP Collateral.

  • For the reasons set forth above, the Debtor submits that access to the Initial DIP Loans of four-hundred thousand dollars ($400,000.00) pending the Final Hearing on the DIP Motion is necessary to preserve the value of the Debtor’s estate for the benefit of its creditors and other parties-in-interest, and permit the Debtor an opportunity to negotiate, propose, and confirm a chapter 11 plan of reorganization.

  • 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.

  • Immediately after giving effect to the exchange in this Section 2.01(a) and without any further action from any other party, (i) all Exchange Term Loans shall constitute, and be treated for all purposes (including tax purposes), as a single fungible Class and Facility of Term Loans hereunder and (ii) all Obligations (as defined in the DIP Credit Agreement) under the DIP Credit Agreement in respect of the Initial DIP Loans shall be fully satisfied and discharged.

  • Borrower shall maintain the Funding Account as a segregated deposit account and shall not deposit, nor permit to be deposited, any funds into the Funding Account other than (x) the proceeds of the Initial DIP Loans or (y) the proceeds of the Second DIP Loans on the Closing Date.


More Definitions of Initial DIP Loans

Initial DIP Loans has the meaning set forth in Section 2.01(a).
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Initial DIP Loans the extensions of credit by the DIP Lenders to the Borrower made on November 3, 2008, in the amounts set forth on Schedule 1.1.
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Initial DIP Loans has the meaning assigned to such term in Section 2.01.
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Initial DIP Loans has the meaning assigned to such term in the recitals to this Agreement.
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Related to Initial DIP Loans

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

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Bridge Loans means the “Loans” as defined in the Bridge Credit Agreement.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

  • 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.

  • Closing Date Term Loans means the Term Loans made by the Term Lenders on the Closing Date to the Borrower pursuant to Section 2.01(1).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • New Revolving Loans as defined in Section 2.25.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Revolving Loans as defined in Section 2.4(a).

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Loan Closing Date means the date upon which the Loan is made to the Company.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).