Requisite DIP Lenders definition

Requisite DIP Lenders means DIP Lenders having or holding more than 50% of the aggregate credit exposure under the "Tranche A L/Cs" and the "Tranche X X/Cs" (as such terms are defined in the DIP Credit Agreement).

Requisite DIP Lenders means DIP Lenders holding at least 50.01% of the outstanding principal amount of loan issued under the DIP Credit Agreement.

Requisite DIP Lenders means, as applicable, pursuant to the requirements of the DIP Credit Agreement, either or both of the “Required IC Lenders” and/or “Required Lenders” (each as defined in the DIP Credit Agreement).

Examples of Requisite DIP Lenders in a sentence

• The Debtors will not agree to different treatment of any Allowed Claim or Allowed Interest prior to the Effective Date without the consent of the Requisite DIP Lenders.

• Upon indefeasible payment in full of all DIP Obligations and termination of all DIP Commitments, (i) the Prepetition Secured Parties are hereby entitled to performance of those certain case milestones set forth in Section 5.16 of the DIP Credit Agreement (for such purposes, the “Adequate Protection Milestones”), and (ii) the Required Prepetition Lenders shall constitute the Requisite DIP Lenders for purposes of any amendment, extension, waiver or other modification of such Adequate Protection Milestones.

• Except as otherwise agreed by the Requisite DIP Lenders, the DIP Obligations of the Debtors shall further be unconditionally guaranteed by each and every subsequently acquired or organized direct or indirect domestic subsidiary of any of the Debtors, and such entity shall be deemed a Guarantor immediately upon its acquisition and/or organization.

• In order to provide assurances to the ABL Lenders that they will be adequately protected during the Winddown, the DIP Agent, on behalf of the Requisite DIP Lenders, and the Pre-Petition First Lien Agent, on behalf of the First Lien Term Loan Lenders, have agreed to provide the Pre-Petition Revolving Agent, for itself and for the benefit of the ABL Lenders, with further adequate protection.

• The Effective Date shall occur as soon as practicable after the Confirmation Date, but in no event later than 45 days after the Confirmation Date; provided that the Debtors and the Requisite DIP Lenders may agree to extend the occurrence of the Effective Date.

More Definitions of Requisite DIP Lenders

Requisite DIP Lenders means DIP Lenders holding at least 50.01% of the outstanding

Requisite DIP Lenders means one or more DIP Lenders (excluding Defaulting DIP Lenders) having or holding Exposure representing more than fifty percent (50%) of the aggregate Exposure of all DIP Lenders (excluding Defaulting DIP Lenders).

Requisite DIP Lenders means, with respect to any amendment or modification of the DIP Credit Agreement, or any termination or waiver of any provision of the DIP Credit Agreement, or any consent or departure by the Borrowers therefrom, those DIP Lenders, the approval of which is required under the DIP Credit Agreement to approve such amendment or modification, termination or waiver, or consent or departure.

Requisite DIP Lenders means, at any time, at least two DIP Lenders whose aggregate ratable shares (stated as a percentage) of the aggregate amount of the Commitments in effect at such time are equal to or greater than 66.66%; provided, however, that, in the event that the Commitments have been terminated pursuant to the terms of this Agreement, "Requisite DIP Lenders" means any DIP Lender or DIP Lenders whose aggregate ratable shares (stated as a percentage) of the aggregate outstanding amount of the DIP Obligations are greater than 66.66%; and provided, further, that so long as any Event of Default is continuing, Lenders holding 50% or more may direct the Agents to exercise remedies, including, without limitation, termination of the DIP Loan Facility. 24 "Restricted Junior Payment" means (i) any dividend or other distribution, direct or indirect, on account of any shares of any class of capital stock of, partnership interest of or other equity interest of, a GC Party now or hereafter outstanding, except a dividend payable solely in shares of that class of stock or in any junior class of stock to the holders of that class, (ii) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any shares of any class of capital stock of, partnership interest of or other equity interest of, a GC Party now or hereafter outstanding, (iii) any payment or prepayment of principal of, premium, if any, or interest, fees or other charges on or with respect to, and any redemption, purchase, retirement, defeasance, sinking fund or similar payment and any claim for rescission with respect to, any permitted subordinated indebtedness and (iv) any payment made to redeem, purchase, repurchase or retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire shares of any class of capital stock of, partnership interest of or other equity interest of, a GC Party now or hereafter outstanding.

Requisite DIP Lenders means any DIP Lender or DIP Lenders whose aggregate ratable shares (stated as a percentage) of the aggregate outstanding amount of the DIP Obligations are greater than 66.66%; and provided, further, that so long as any Event of Default is continuing, Lenders holding 50% or more may direct the Agents to exercise remedies, including, without limitation, termination of the DIP Loan Facility. 24 "Restricted Junior Payment" means (i) any dividend or other distribution, direct or indirect, on account of any shares of any class of capital stock of, partnership interest of or other equity interest of, a GC Party now or hereafter outstanding, except a dividend payable solely in shares of that class of stock or in any junior class of stock to the holders of that class, (ii) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any shares of any class of capital stock of, partnership interest of or other equity interest of, a GC Party now or hereafter outstanding, (iii) any payment or prepayment of principal of, premium, if any, or interest, fees or other charges on or with respect to, and any redemption, purchase, retirement, defeasance, sinking fund or similar payment and any claim for rescission with respect to, any permitted subordinated indebtedness and (iv) any payment made to redeem, purchase, repurchase or retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire shares of any class of capital stock of, partnership interest of or other equity interest of, a GC Party now or hereafter outstanding.

Requisite DIP Lenders means “Requisite Lenders” as defined in the DIP Credit

Requisite DIP Lenders means, as of the date of determination, DIP Lenders holding at least 66.67% of the Total Outstandings (as defined in the DIP Facility Loan Agreement), but excluding any Defaulting Lenders (as defined in the DIP Facility Loan Agreement) and their corresponding Total Outstandings.