Term DIP Lenders definition
Examples of Term DIP Lenders in a sentence
Term DIP Lenders - the financial institutions party to the Term DIP Loan Agreement from time to time as lenders and their respective successors and permitted assigns.
Term DIP Facility - the credit facility established by Term DIP Agent and Term DIP Lenders in favor of SRC and Workflow in accordance with the Term DIP Loan Documents and pursuant to which the Delayed Draw Term DIP Loans are made available to Borrowers by Term DIP Lenders.
Term DIP Loan Agreement - that certain Super-Priority Priming Debtor In Possession Delayed Draw Term Loan Credit Agreement dated as of March 12, 2015, among Borrowers, Term DIP Agent and Term DIP Lenders, as at any time amended, modified, restated or supplemented.
The Term DIP Documents shall be in form and substance satisfactory to DIP Agent, shall have been duly executed and delivered by all of the signatories thereto, all provisions of the Term DIP Documents are in full force and effect, and Term DIP Lenders are ready and willing to fund the Delayed Draw Term DIP Loans in accordance with the Term DIP Loan Documents and the Financing Orders.
Notwithstanding that no cash consideration has been exchanged, the Borrowers, the other Credit Parties, the Term DIP Lenders party to this Agreement as Tranche A Term Lenders on the date hereof and Bridging, as the DIP Agent and as Agent hereunder, hereby acknowledge and agree that the Borrowers shall owe the aggregate amount of the Tranche A Term Loans to the Tranche A Term Lenders under this Agreement and not under the DIP Credit Agreement.