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.
Company shall have consummated the Geothermal Sale on terms and conditions and pursuant to documentation in form and substance satisfactory to the Requisite DIP Lenders.
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.
Covanta shall have consummated the Geothermal Sale on terms and conditions and pursuant to documentation in form and substance satisfactory to the Requisite DIP Lenders.
The conditions to the Confirmation and Effective Date of the Plan set forth in Article IX of the Plan may be waived by the Debtors, with the reasonable consent of the Requisite DIP Lenders, without notice, leave, or order of the Bankruptcy Court or any formal action other than proceedings to confirm or consummate the Plan.
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, 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.
Requisite DIP Lenders means the "Requisite Lenders" as such term is defined in the DIP Credit Agreement.