Lender DIP Loans definition

Lender DIP Loans means up to $108 million in new money term loans (or approximately $100 million net of premiums) provided by the DIP Lenders pursuant to the DIP Documents and DIP Orders.
Sample 1Sample 2Sample 3
Lender DIP Loans means up to $108 million in new money term loans (or approximately
Sample 1Sample 2

Examples of Lender DIP Loans in a sentence

  • In order to effect efficient distributions of the Priority Exit Facility, the DIP Agent shall have reasonable discretion to impose a halt on assignments of the Lender DIP Loans as of a date no earlier than three days before the anticipated Effective Date.

  • During registration the user is required to give user contact information (such as First and Last name, E-mail address, Postal address, Personal identifier etc.).

  • Required DIP Lenders” means the DIP Lenders who hold, in the aggregate, greater than fifty percent (50%) of the principal amount outstanding of all the Lender DIP Loans.

  • In order to effect efficient distributions of the Priority Exit Facility and the Second Out TLTB Facility, the DIP Agent shall have reasonable discretion to impose a halt on assignments of the Lender DIP Loans and DIP Roll-Up Loans, as applicable, as of a date no earlier than three days before the anticipated Effective Date.

  • First, the Debtors obtained an immediate infusion of essential new capital through $100 million (net of premiums) in Lender DIP Loans and$100 million (net of premiums) in Sponsor DIP Loans.

  • Rather, it is an undisputed, 3 Pursuant to the Restructuring Support Agreement and the Plan, both the Lender DIP Loans and the Exit Priority Loans contain mandatory prepayment provisions requiring that 50% of any Insurance Policy (as defined herein) proceeds received by the Debtors while such loans are outstanding be used to pay down such loans.

  • The Plan further ensures the Reorganized Debtors will have sufficient capital to fund their exit and post-emergence liquidity needs as all Lender DIP Loans will roll into the Priority Exit Facility and the Sponsor DIP Loans will be exchanged for New Common Stock upon emergence.

  • Such conversion (or “roll-up”) is in consideration for, and solely on account of, the agreement of the Prepetition Lenders that are also DIP Lenders (or affiliates thereof) to fund the Lender DIP Loans.

  • This is not surprising and is indisputable given that the Debtors’ Plan provides for a significant reduction in debt and interest expense and for all Lender DIP Loans outstanding under the DIP Facility to roll into the Debtors’ Priority Exit Facility and for the undrawn portion of the Lender DIP Loans to be released from escrow into the Priority Exit Facility on the Effective Date.

  • The Prepetition Secured Parties would not otherwise consent to the use of their Cash Collateral or the subordination of their liens to the DIP Liens, and the DIP Lenders would not be willing to provide the Lender DIP Loans or extend credit to the Debtors thereunderwithout the inclusion of the DIP Roll Up Loans in the DIP Obligations.

Related to Lender DIP Loans

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

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

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

  • Revolving Loan Notes means the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

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

  • Revolving Advances means Advances made other than Letters of Credit.

  • Term Loans as defined in Section 2.1.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

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

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Refinancing Loans means the Refinancing Revolving Loans and the Refinancing Term Loans.

  • Term Loan as defined in Section 2.1.

  • Term Loan Borrowing means a borrowing consisting of Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Refinancing Revolving Loans has the meaning assigned to such term in Section 2.26(a).

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

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

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

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • New Revolving Loans as defined in Section 2.25.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Term Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.