Examples of Required Term DIP Lenders in a sentence
Absent further order of this Court, the Debtors shall not create or permit to exist any post-petition liens or encumbrances on any of their assets or property except any post-petition liens allowed pursuant to the Term DIP Loan Documents, post-petition liens created in connection with the ABL DIP Facility and as otherwise agreed to by Term DIP Agent (acting at the direction of the Required Term DIP Lenders) in writing.
The Challenge Period may only be extended: (a) with the prior written consent of counsel to the Term DIP Agent (at the direction of the Required Term DIP Lenders), as memorialized in an order of this Court, or (b) pursuant to an order of this Court upon a showing of good cause for such extension.
Capitalized terms used but not defined in this DIP Facility Term Sheet shall have the meanings ascribed to such terms in the RSA or the Restructuring Term Sheet, to which this Term Loan DIP Facility Term Sheet is attached.KE 69495800.6Variance) (each as defined herein), which Approved Budget shall be prepared by Borrower and shall be in form and substance acceptable to the Required Term DIP Lenders, and (iv) to fund the Carve-Out(as defined herein).
The Challenge Periodmay only be extended: (a) with the prior written consent of counsel to the Term DIP Agent (at the direction of the Required Term DIP Lenders), as memorialized in an order of this Court, or(b) pursuant to an order of this Court upon a showing of good cause for such extension.
For purposes of the foregoing, “Carve Out Trigger Notice” shall mean a written notice delivered by the Term DIP Agent at the direction of the Required Term DIP Lenders to the Debtors and their counsel, the U.S. Trustee, and lead counsel to any official committeethe Committee, which notice may bedelivered following the occurrence of an Event of Default and stating that the Post-Carve Out Trigger Notice Cap has been invoked.
The Initial Approved Budget shall be modified or supplemented from timeto time consistent with the provisions of paragraph 16 hereof ( i.e., a revised 13-week cash flow forecast that must be approved by the Term DIP Agent at the direction of the Required Term DIP Lenders), in each case without further notice, motion or application to, order of, or hearing before, this Court; provided, however, that a copy of any such material modification or supplement shall be provided to the Committee.
For purposes of the foregoing, “Carve Out Trigger Notice” shall mean a writtennotice delivered by the Term DIP Agent at the direction of the Required Term DIP Lenders to the Debtors and their counsel, the U.S. Trustee, and lead counsel to any official committee, which notice may be delivered following the occurrence of an Event of Default and stating that the Post-Carve Out Trigger Notice Cap has been invoked.
The Initial Approved Budget shall be modified or supplemented from time to time consistent with the provisions of paragraph 16 hereof ( i.e., a revised 13-week cash flowforecast that must be approved by the Term DIP Agent at the direction of the Required Term DIP Lenders), in each case without further notice, motion or application to, order of, or hearing before, this Court; provided, however, that a copy of any such material modification or supplement shall be provided to the Committee.
For purposes of the foregoing, “Carve Out Trigger Notice” shall mean a written notice delivered by the TermDIP Agent at the direction of the Required Term DIP Lenders to the Debtors and their counsel, the U.S. Trustee, and lead counsel to the Committee, which notice may be delivered following the occurrence of an Event of Default and stating that the Post-Carve Out Trigger Notice Cap has been invoked.
The Initial Approved Budget shall be modified or supplemented from time to time consistent with the provisions of paragraph 16 hereof ( i.e., a revised 13-week cash flowforecast that must be approved by the Term DIP Agent at the direction of the Required Term DIP Lenders), in each case without further notice, motion or application to, order of, or hearing before, this Court.