Replacement DIP Facility definition

Replacement DIP Facility means the $335 million Tranche B-1 and $90 million Tranche B-2 term loan facilities under the Replacement DIP Agreement.

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Replacement DIP Facility means the $335 million Tranche B-1 and $90 million Tranche B-2

Replacement DIP Facility means the senior secured superpriority debtor-in-possession term loan credit facility in an aggregate principal amount of $90 million, on the terms set forth in the Replacement DIP Credit Agreement, as applicable, and subject in all respects to the Replacement DIP Orders and the Replacement DIP Documents.

Examples of Replacement DIP Facility in a sentence

• In no event shall any refinancing or repayment of, or attempt to refinance or repay, the Replacement DIP Facility in cash and in full or the Prepetition Credit Agreement be deemed a breach of this Section 4.02 or other provision of this Agreement or the Replacement DIP Facility.

• On the Effective Date, the Replacement DIP Facility (as it may be amended with the consent of the Backstop Parties and the Credit Committee) shall convert into an Exit Facility as per its terms or shall be repaid in full.

• All claims held by lenders on account of the Replacement DIP Facility will be assumed by New Tronox on the Effective Date in accordance with the terms of the Credit Agreement.

• Meridian shall use its best efforts to finalize and obtain a replacement debtor-in-possession financing facility for the Company on the terms provided in that certain Commitment Letter form GE Capital Corporation and Citibank USA (the Lenders) dated June 9, 1995 (the Replacement DIP Facility).

• In accordance with the terms of the Credit Agreement, the Debtors shall file a motion seeking approval of the Debtors’ entry into the Replacement DIP Facility, the Plan Support Agreement and the Commitment Agreement and seek entry of an interim order (the “Financing Order”), substantially in the form attached as Exhibit B hereto, approving the Debtors’ entry into the Replacement DIP Facility, the Plan Support Agreement and the Commitment Agreement.

• For purposes of this Agreement, neither any exercise by Investor of its rights and remedies as lender under the Replacement DIP Facility nor any failure or refusal of Investor as lender to grant any consent or waiver under the Replacement DIP Facility shall be considered a willful and material breach under this Agreement.

• On the Effective Date, the Replacement DIP Facility shall convert into the Exit Facility and the lenders under the Replacement DIP Facility will become lenders thereunder in accordance with the terms of the Credit Agreement.

• The Debtors shall have obtained Bankruptcy Court authorization to enter into the Replacement DIP Facility and shall not have obtained additional debtor-in-possession financing prior to the Effective Date.

More Definitions of Replacement DIP Facility

Replacement DIP Facility means the credit facility provided to the Debtors pursuant to the Credit Agreement.

Replacement DIP Facility means the debtor-in-possession secured financing facility, consisting of (a) a new money term loan facility in an aggregate principal amount of no less than $640 million and (b) a roll-up loan facility comprised of the Tranche B Roll-Up Loans deemed outstanding under such facility (including, in each case, any unpaid interest, fees, costs, and expenses), in each case, provided to the Debtors by the Replacement DIP Lenders pursuant to the Replacement DIP Credit Agreement and the Replacement DIP Documents (as defined in the Replacement DIP Facility Order), as authorized by the Bankruptcy Court pursuant to the Replacement DIP Facility Order.

Replacement DIP Facility means a debtor-in-possession facility that is entered into by any Seller in connection with a refinancing of the DIP Facility in accordance with its terms.

Replacement DIP Facility means the $425 million term loan facility under the Replacement DIP Agreement.”

Replacement DIP Facility in the Stock Purchase Agreement is hereby amended to delete the words “August 8, 2023” in such definition and to replace them with the words “August 9, 2023.”

Replacement DIP Facility means the term loan facility consistent with the Replacement DIP Facility Term Sheet and otherwise in form and substance satisfactory to the Required Parties.