Original DIP Lenders definition

Original DIP Lenders as defined in the recitals to this Agreement.
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Original DIP Lenders means the banks and other financial institutions or entities from time to time party to the Original DIP Credit Agreement as lenders, including, without limitation, the L/C Issuers (as defined in the Original DIP Facility Order).
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Original DIP Lenders means the various financial institutions and other Persons from time to time party to the Original DIP Credit Agreement and listed on the signature pages thereto and their respective successors and permitted assigns in their capacities as lenders under the Original DIP Facility.
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Examples of Original DIP Lenders in a sentence

  • For the avoidance of doubt, all Allowed Intercompany Claims held by any Debtor constitutes collateral of the Original DIP Lenders, the Replacement DIP Lenders, Second Lien Lenders, and Second Lien Senior Noteholders.

  • Large domestic energy resources are as mentioned normally reflected in a country’s energy mix.

  • The increased interest rate, which will be collateralized by all of the Post-Petition Liens and a super- priority claim, is grossly overreaching and unnecessary to provide the Original DIP Lenders with adequate protection.

  • By way of example only, the Committee’s willingness to accede to the scope of a super-priority claim for the benefit of the Original DIP Lenders or the Pre-Petition Senior Lenders was based, in part, on a consideration of those claims and the reservation of the right to challenge the allocation of value between the bricks and mortar of the Casino and Hotel and the license to operate.

  • Due to the Electing Lenders’ inability to reach agreement on an Approved Restructuring or Acceptable Plan, the Original DIP Lenders extended the milestone to file an9 The Original Final Order is currently subject to an appeal by Credit Agricole Corporate and Investment Bank (“ CACIB”).

  • As discussed above, while the Debtors now have their existing DIP facility in default and face the risk that the Original DIP Lenders may exercise remedies, the Debtors also have in hand a value-maximizing commitment that provides an executable path to confirm a chapter 11 plan of reorganization.

  • Without such funds, the Debtors will be prevented from making necessary disbursements and otherwise operating in the ordinary course, and the Original DIP Lenders may seek to exercise remedies, all of which would damage the value of the Debtors’ businesses and their assets.

  • The DIP Intercreditor Agreement subordinates the Prepetition Secured Parties’ claims and liens to the claims and liens granted to Black Diamond, as successor administrative agent, collateral agent and security trustee, and the Original DIP Lenders (together, the “ Original DIP Secured Parties”) in accordance with the Final Order (as defined therein) and limits enforcement of remedies as long as the senior DIP obligations remain outstanding.

  • At the outset of these chapter 11 cases, the Debtors agreed to advise the Original DIP Lenders whether a plan of reorganization or a sale under section 363 of the Bankruptcy Code was the optimal path for maximizing value.

  • Within 14 days of the Petition Date, the Prepetition Lenders, the Original DIP Lenders, and the Required IC Lenders (as defined in the Original DIP Credit Agreement) (collectively, the “ Electing Lenders”) were obligated to elect whether a restructuring be implemented through a chapter 11 plan or a section 363 sale process.

Related to Original DIP Lenders

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

  • DIP Lender means a lender under the DIP Facility.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • Existing Lenders has the meaning specified in the recitals hereto.

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

  • Original Lenders shall have the meaning assigned to such term in the recitals hereto.

  • Existing Revolving Credit Agreement means that certain Revolving Credit Agreement, dated as of August 29, 2018, among the Borrower, the other borrowers party thereto, the lenders and letter of credit issuers from time to time party thereto and Xxxxx Fargo Bank, National Association, as administrative agent (as amended, restated, supplemented or otherwise modified from time to time).

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • Prepetition Lenders means those lenders party to the Prepetition Credit Agreement from time to time.

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Bridge Credit Agreement means that certain Credit Agreement, dated as of December 24, 2018, by and among Parent Borrower, as Borrower, Citibank, N.A., as Agent and the other parties thereto.

  • Extending Lenders has the meaning specified in Section 2.08.

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • 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.

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.

  • Existing ABL Credit Agreement means that certain ABL credit agreement, dated as of April 19, 2013, among Petco Animal Supplies, Inc., the lenders party thereto, Bank of America, N.A., (as successor to Credit Suisse AG) as administrative agent, Xxxxx Fargo Bank, National Association, as collateral agent, and the subsidiaries of Petco Animal Supplies, Inc. from time to time party thereto, as amended by that certain First Amendment to the ABL Credit Agreement, dated as of November 21, 2014.