Examples of Replacement DIP Lender in a sentence
Subject to certain conditions precedent, the Debtors have the right pursuant to Schedule 3.1-A of the Replacement DIP Loan to elect to repay all or a portion of the outstanding principal amount of the Replacement DIP Loan, plus accrued and unpaid interest due and owing on the Effective Date, by issuing to the Replacement DIP Lender New GGP Common Stock.
Article XII.A.6 may only be waived with the sole consent of the Replacement DIP Lender which waiver may be withheld for any reason.
Nothing in Section 11.7 of the Plan shall limit the liability of the professionals of the Plan Debtors, New GGP, Spinco, the Equity Committee, the Creditors’ Committee, the DIP Lenders, the DIP Agent, the Replacement DIP Lender, the Replacement DIP Agent and Arranger, the Indenture Trustees, the 2006 Bank Loan Agent, Texas Teachers, or the Investors to their respective clients pursuant to DR 6-102 of the Code of Professional Responsibility, N.Y. Comp.
In addition, the Plan Debtors shall pay the reasonable and documented fees and expenses incurred by the Replacement DIP Lender and Replacement DIP Agent and Arranger that are contemplated to be paid by the Plan Debtors pursuant to the Replacement DIP Credit Agreement, if applicable.
The Replacement DIP Loan Parties shall maintain their cash management arrangements in a manner consistent with those described in the applicable “first-day” order, which shall be in form and substance reasonably acceptable to the Replacement DIP Lender and the Ad Hoc Group.
The Replacement DIP Loan Parties shall immediately provide notice to counsel to the Replacement DIP Agent, the Replacement DIP Lender, the Prepetition Agents, the Ad Hoc Group, the Official Committee, and the Prepetition Equipment Lenders (to the extent such Prepetition Equipment Lenders have provided the Debtors’ lead restructuring counsel with an email asking to be included for purposes of this paragraph 20(b) of this Interim Order) of the occurrence of any DIP Termination Event.
Based on s.16(1) of the IRO, expenses or outgoings will be allowed to the extent they are incurred in the production of assessable profits.
For the avoidance of doubt, during the Remedies Notice Period, the Replacement DIP Lender shall not be obligated to provide any DIP Loans or advance any credit at any time from and after the occurrence of a DIP Termination Event.
The Debtor Releasereleases, among others: (a) the Debtors; (b) the Plan Administrator and Post-Effective Date Debtor; (c) the Replacement DIP Lender; (d) the Replacement DIP Agent; (e) the Committee; (f) each member of the Committee; (g) the Chief Restructuring Officer; (h) Portage Point; (i) the Independent Director; (j) Wells Fargo; and (k) each Related Party of each Entity in the foregoing clauses (a) through (j).
Notwithstanding anything to the contrary herein, the Debtors and Post-Effective Date Debtor reserve all rights under section 506(c) of the Bankruptcy Code with respect to any and all Secured Claims, except to the extent set forth in the Replacement DIP Orders with respect to Secured Claims of the Replacement DIP Lender.