Original DIP Facility definition

Original DIP Facility means the $125 million super priority senior priming secured revolving facility dated January 13, 2009, by and among Tronox Incorporated and Tronox Worldwide LLC, as Borrowers, Credit Suisse Securities (USA) LLC as Sole Lead Arranger and Sole Brookrunner, Credit Suisse, as Administrative Agent, and JPMorgan Chase Bank, N.A. as Collateral Agent.
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Original DIP Facility means the $125 million super priority senior priming secured revolving
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Original DIP Facility means the debtor-in-possession secured financing facility, consisting of a letter of credit facility and a term loan facility, provided to the Debtors by the Original DIP Lenders pursuant to the Original DIP Credit Agreement or the other DIP Loan Documents (as defined in the Original DIP Facility Order) as authorized by the Bankruptcy Court pursuant to the Original DIP Facility Order (but not including the Replacement DIP Facility).
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Examples of Original DIP Facility in a sentence

  • For the sake of brevity, the Court has stripped out unnecessary adjectives, adverbs and synonyms.the Debtors’ restructuring, the Chapter 11 Cases, the Original DIP Facility, the Replacement DIP Facility, the purchase, sale, or rescission of the purchase or sale of any security of the Debtors or the Reorganized Debtors.

  • Begin rescheduling with opposing team(s).All reschedules must be completed with 72 hours (3 days) of the cancelled game.

  • On April 24, 2020, the Court entered a corrected order approving the Original DIP Facility and the use of Cash Collateral on an interim basis [ECF No. 77] (the “Original Interim Order”).

  • The proceeds of the Goldman Sachs Facilities will be used, among other things, to fund the Debtors’ ordinary course corporate expenses, pay down the Debtors’ outstanding obligations under the Original DIP Facility (and potentially, the SCB Facilities), and enable the Debtors to consummate and implement the Amended Plan and subsequent wind-down of the estates.

  • The Replacement DIP Facility will restore a full $150 million of DIP financing availability; after repayment of the Original DIP Facility, the Replacement DIP Facility will ensure that the Debtors have access to approximately $40 million of additional liquidity prior to the Effective Date.

  • In accordance with the terms of the Original DIP Facility, the Debtors, during the Chapter 11 Cases, repaid approximately $40 million of these borrowings with proceeds from asset sales.

  • As provided in the Original DIP Agreement and related orders, the Debtors used certain of the proceeds of the Original DIP Facility to fully repay their obligations to the Prepetition Lenders under the Prepetition Credit Agreement, as well as to fund postpetition working capital needs.

  • As the Court will recall, the Debtors were entitled to borrow, and did borrow,$150 million under the Original DIP Facility.

  • On April 23, 2020, the Court entered an Order approving the Original DIP Facility and the use of Cash Collateral on an interim basis [ECF No. 49].

  • As of May 2, 2017, the Debtors believe that there are no amounts outstanding under the Original DIP Facility with respect to the L/C Borrowings.


More Definitions of Original DIP Facility

Original DIP Facility is defined in the recitals.
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Original DIP Facility means the credit facility established pursuant to the Original DIP Credit Agreement.
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Related to Original DIP Facility

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • DIP Facility Documents means the DIP Credit Agreement and any other documents and agreements entered into in connection with the DIP Credit Agreement or the incurrence of the DIP Facility and any orders of the Bankruptcy Court related thereto or entered in connection therewith.

  • DIP Facilities means the DIP ABL Facility and the DIP Term Loan Facility.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • DIP means debtor-in-possession.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Bridge Facility means the Commitments and any Advances made thereunder.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • 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

  • Existing Facility Agreement means Existing Facility Agreement A, Existing Facility Agreement B, Existing Facility Agreement C and Existing Facility Agreement D and, in the plural, means all of them;

  • New Credit Facility is defined in Section 9.8.

  • Original Facility Agreement means the facility agreement dated 19 December 2018 and made between, amongst others, (i) the Borrower, (ii) the Lenders, (iii) the Mandated Lead Arrangers, (iv) the Facility Agent and the SACE Agent and (v) the Security Trustee.

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Amended Facility Agreement means the Facility Agreement as amended and supplemented by this Agreement.

  • Exit Facility Documents means, collectively, the Exit Credit Agreement, and all other agreements, documents, and instruments delivered or entered into in connection with the Exit Facility, including any guarantee agreements, pledge and collateral agreements, intercreditor agreements, subordination agreements, fee letters, and other security documents

  • Credit Facility Documents means the collective reference to any Credit Facility, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.7.

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

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.