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.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2
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.
Sample 1Sample 2

Examples of Initial DIP Loans in a sentence

  • AMOUNT AND TERMS OF DIP LOAN COMMITMENTS AND DIP LOANS 2.1 Initial DIP Loans 23 2.2 Intermediate DIP Loans 24 2.3 Delayed Draw DIP Loans 24 2.4 Roll-Up DIP Loans 25 2.5 Fees 25 2.6 Purpose of DIP Loans 25 2.7 Additional Lenders 26 SECTION 3.

  • If the amount deemed paid or distributed under this Article 138 is made in property other than in cash, the value of such distribution shall be the fair market value of such property, determined in good faith by the Board (including all Investor Directors).

  • 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.

  • 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.

  • 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.

  • 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.

  • All accrued and unpaid interest on the Initial DIP Loans shall constitute accrued and unpaid interest hereunder and shall be payable in accordance with Section 2.5 and all other amounts due and owing (including, without limitation, fees and indemnification obligations) pursuant to the DIP Term Sheet and the Interim Order shall constitute Obligations under this Agreement.

  • The Borrower acknowledges and agrees that the full proceeds of the Initial DIP Loans have been deposited into the Funding Account.

  • Any Initial DIP Loans that are repaid or prepaid may not be reborrowed.


More Definitions of Initial DIP Loans

Initial DIP Loans has the meaning assigned to such term in the recitals to this Agreement.
Sample 1
Initial DIP Loans has the meaning assigned to such term in Section 2.01.
Sample 1
Initial DIP Loans has the meaning set forth in Section 2.01(a).
Sample 1
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.
Sample 1

Related to Initial DIP Loans

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

  • Bridge Loans means the Loans (as defined in the Bridge Credit Agreement).

  • 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.

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

  • Delayed Draw Funding Date means any date on which the Delayed Draw Term Loans are funded hereunder, which shall in no event be later than the Delayed Draw Term Loan Commitment Termination Date.

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).