Senior DIP Credit Agreement definition

Senior DIP Credit Agreement means that certain first-lien senior secured superpriority debtor-in-possession credit agreement by and among the Company Parties, the Senior DIP Agent, and the lenders that are from time to time party thereto, consistent with the terms and conditions of the Senior DIP Commitment Letter and this Agreement and as approved by the DIP Orders.
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Senior DIP Credit Agreement means that certain $95,000,000 Senior Secured Priming Superpriority Debtor-In-Possession Credit Agreement, dated as of February [ ], 2021, by and among Alpha Media LLC and Alpha Media 3E Corporation as borrowers, the other persons party thereto that are designated credit parties, and Wilmington Savings Fund Society, FSB as the agent for all Senior DIP Lenders and the other financial institutions party thereto as Senior DIP Lenders.
Sample 1
Senior DIP Credit Agreement means that certain first-lien senior secured superpriority debtor-in-possession credit agreement, dated as of July 22, 2020, by and among CRC, as borrower, each of the guarantors named therein, the Senior DIP Agent, and the lenders that are from time to time party thereto.
Sample 1

Examples of Senior DIP Credit Agreement in a sentence

  • On the Effective Date, all issued and outstanding letters of credit under the Senior DIP Facility shall be cash collateralized, replaced or reinstated in accordance with their terms and the terms of the Senior DIP Credit Agreement and any applicable New Exit Facilities Documents.

  • See Plan, Article IX.A.4. • Termination of the Restructuring Support Agreement would also trigger events of default under the Senior DIP Credit Agreement and the Junior DIP Note Purchase Agreement.

  • Indicate on the drawings any changes which have been made other than those required by the Professional.

  • A large portion of this layer was removed following remedial excavations.

  • Extensions under the Senior DIP Credit Agreement will be made in express reliance on the protections offered by section 364(e) of the Bankruptcy Code.

  • Moreover, without limitation to any other right to indemnification, the DIP Secured Parties shall be and hereby are indemnified (as applicable) as provided in the DIP Documents, as applicable, including, without limitation, Section 9.03 of the Senior DIP Credit Agreement and Section 9.03 of the Junior DIP Credit Agreement.

  • The Borrowers are hereby authorized to borrow up to (i) $300 million in Senior DIP Loans pursuant to the Senior DIP Credit Agreement and (ii) $261 224 million in Junior DIP Loans on an interim basis and $321285million on a final basis pursuant to the Junior DIP Credit Agreement, and the DIP Guarantors are hereby authorized to guarantee the Borrowers’ obligations under the DIP Credit Agreements, subject to any limitations set forth in the DIP Documents.

  • Further, the Senior DIP Agent’s fees are not disclosed anywhere in Amended DIP Motion or its exhibits.ARGUMENT Pursuant to the $95,000,000 Senior Secured Superpriority Debtor-In-Possession Credit Agreement (the Senior DIP Credit Agreement), the Debtors are to pay the administrative agent fees as disclosed in a fee letter that is not attached to any documents in the public record.

  • The Buyer also agreed in the APA to (i) refinance the Debtors’ obligations under the Senior DIP Credit Agreement with $850 million in cash to be funded with the proceeds of a new ABL facility and (ii) pay the Debtors, as part of the Sale Transaction purchase price, $350 million in cash toward the Debtors’ obligations under the Junior DIP Credit Agreement— consideration totaling $1.2 billion.

  • The ABL Amendment and any obligations under the Senior DIP Credit Agreement will be extended by the Existing DIP ABL Lenders in good faith (as such term is used in section 364(e) of the Bankruptcy Code).


More Definitions of Senior DIP Credit Agreement

Senior DIP Credit Agreement means that certain Fifth Amended and Restated Senior Post-Petition Credit Agreement, dated as of August 27, 2008, by and among the Borrower, the lenders party thereto and the Senior DIP Lenders’ Agent.
Sample 1

Related to Senior DIP Credit Agreement

  • DIP Credit Agreement means the Senior Secured Superpriority Debtor-in-Possession Credit Agreement, dated as of April 1, 2009, among the Companies, the Investor and the other lenders and agents from time to time party thereto, after giving effect to all amendments, waivers, supplements, modifications and any substitutions therefor.

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • ABL Credit Agreement as defined in the recitals hereto.

  • New Credit Agreement means the Credit Agreement, dated as of the Issue Date, by and among Level 3 Parent, LLC, Level 3 Financing, Inc., Wilmington Trust, National Association, as administrative agent, the New Credit Agreement Agent and each lender party thereto from time to time, as may be amended, restated, supplemented or otherwise modified from time to time.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Bridge Credit Agreement means that certain Credit Agreement, dated as of December 24, 2018, by and among Parent Borrower, as Borrower, Citibank, N.A., as Agent and the other parties thereto.

  • Existing ABL Credit Agreement means that certain ABL credit agreement, dated as of April 19, 2013, among Petco Animal Supplies, Inc., the lenders party thereto, Bank of America, N.A., (as successor to Credit Suisse AG) as administrative agent, Xxxxx Fargo Bank, National Association, as collateral agent, and the subsidiaries of Petco Animal Supplies, Inc. from time to time party thereto, as amended by that certain First Amendment to the ABL Credit Agreement, dated as of November 21, 2014.

  • U.S. Credit Agreement means that certain credit agreement dated as of even date herewith by and among the U.S. Borrower, as borrower, the lenders party thereto, as lenders, and the U.S. Administrative Agent, as administrative agent.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Bank Credit Agreement means the Revolving Credit and Term Loan Agreement, dated as of January 26, 2015, by and among the Company and certain of its Subsidiaries, Bank of America, N.A., as administrative agent, and the other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Term Credit Agreement means the Term Credit Agreement and any other agreement extending the maturity of, consolidating, restructuring, refunding, replacing or refinancing all or any portion of the Term Obligations, whether by the same or any other agent, lender or group of lenders and whether or not increasing the amount of any Indebtedness that may be incurred thereunder.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • Prior Credit Agreement has the meaning specified in the Recitals hereto.

  • Parent Credit Agreement means that Credit Agreement, dated as of the date hereof, by and among FE and FET as borrowers, the banks and other financial institutions party thereto from time to time, and JPMorgan as administrative agent, as amended, amended and restated or otherwise modified from time to time.

  • 364-Day Credit Agreement means the 364-Day Credit Agreement, dated as of the date hereof, among the Borrowers, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, as administrative agent, and the other agents party thereto.

  • Senior Secured Credit Agreement means that certain Credit Agreement, dated as of September 27, 2018, among the Borrowers, the lenders from time to time party thereto, JPMCB as administrative agent, JPMCB as collateral agent, and the other parties thereto, as amended, restated, amended, restated, extended, supplemented, refinanced or otherwise modified from time to time.

  • Amended Credit Agreement means the Existing Credit Agreement as amended hereby.

  • Existing Credit Agreement as defined in the recitals hereto.

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Credit Agreement Agent means, at any time, the Person serving at such time as the “Agent” or “Administrative Agent” under the Credit Agreement or any other representative then most recently designated in accordance with the applicable provisions of the Credit Agreement, together with its successors in such capacity.

  • ABL Credit Facility means the agreement, dated as of March 30, 2015, among the Company, the Subsidiaries of the Company that borrow or guarantee obligations under such agreement from time to time, as “Credit Parties,” the lenders parties thereto from time to time and Bank of America, N.A., as agent (or its successor in such capacity), together with the related notes, letters of credit, guarantees and security documents, and as the same may be amended, restated, amended and restated, supplemented or modified from time to time and any renewal, increase, extension, refunding, restructuring, replacement or refinancing thereof (whether with the original administrative agent and lenders or another administrative agent, collateral agent or agents or one or more other lenders or additional borrowers or guarantors and whether provided under the original ABL Credit Facility or one or more other credit or other agreements or indentures).

  • Credit Agreement has the meaning assigned to such term in the preliminary statement of this Agreement.