New Money DIP Loans definition

New Money DIP Loans means the Lender DIP Loans and the Sponsor DIP Loans.
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New Money DIP Loans means up to $100 million in new money financing provided by the DIP Lenders pursuant to the DIP Loan Documents. For the avoidance of doubt, such loans shall not include any obligations arising under the Term Loan Credit Agreement that were refinanced on or after the Petition Dare pursuant to the DIP Loan Documents.
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New Money DIP Loans means up to $50,000,000 in new money delayed draw term loans provided by the DIP Term Lenders pursuant to the DIP Term Agreement and DIP Order.
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Examples of New Money DIP Loans in a sentence

  • The Superpriority Claims granted hereunder to the ABL DIP Lenders shall be pari passu with the Superpriority Claims granted hereunder to the holders of the New Money DIP Loans (the “New Money DIP Lenders”).

  • On the Effective Date, the First Lien Exit Facility shall have an amount outstanding equal to the drawn amount of the New Money DIP Loans on the Effective Date.

  • The New Money DIP Loans and the Roll-Up Loans shall be issued under the DIP Facility on a pari passu basis.

  • Property of the Debtors’ estates not subject to any liens other than liens securing the New Money DIP Loans.

  • It is understood and agreed that the aggregate commitments under this Backstop Commitment Letter in respect of New Money DIP Loans (and the automatic conversion thereof to Exit Term Loans on the Conversion Date) are $150 million in total, subject to the Initial Allocation, as set forth in Section 2 hereof and each Backstop Commitment Party hereby agrees and commits to such automatic conversion of the New Money DIP Loans to Exit Term Loans on the Conversion Date.


More Definitions of New Money DIP Loans

New Money DIP Loans means the $50,000,000 of new money term loans extended to the Debtors pursuant to the DIP Credit Agreement and the DIP Orders.
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New Money DIP Loans means the new money term loans extended to the Debtors pursuant to the DIP Term Sheet, the DIP Orders, and the other DIP Documents, in an aggregate original principal amount up to $2,500,000.
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New Money DIP Loans means, means, collectively, the DIP Loans that are not Roll-Up DIP Loans.
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New Money DIP Loans means the $35,000,000 in new money delayed draw term loans extended to the Debtors pursuant to the DIP Term Loan Credit Agreement and DIP Order.
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New Money DIP Loans means New Money Loans as defined in the DIP Credit Agreement.
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New Money DIP Loans means the new money loans in the principal amount of $40 million provided by the DIP Lenders under the New Money DIP Loan Facility.
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New Money DIP Loans. Subject to the terms and conditions herein, the proceeds of the DIP Facility (including the Interim Facility (as defined below)) will be used in accordance with the terms of the Budget (based on aggregate funding needs, with flexibility to account for variances (with a cushion to be agreed)), including, without limitation: (i) to pay (a) all amounts due to DIP Lenders and the DIP Agent as provided under the DIP Facility and (b) all professional fees and expenses (including legal, financial advisor, appraisal and valuation-related fees and expenses) incurred by DIP Lenders and the DIP Agent, including those incurred in connection with the preparation, negotiation, documentation and court approval of the DIP Facility and (ii) to provide working capital, and for other general corporate purposes of the Debtors and their subsidiaries, and to pay administration costs of the Chapter 11 Cases and claims or amounts approved by the Bankruptcy Court.
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