Examples of Updated DIP Budget in a sentence
Each Updated DIP Budget shall include a reconciliation of the prior period’s actual results to the corresponding period in the Updated DIP Budget.
The Debtors shall promptly provide the Prepetition ABL Agent, on behalf of itself and the Prepetition ABL Lenders, the Prepetition Notes Trustees, in each case on behalf of itself and the applicable Prepetition Noteholders, and the Creditors’ Committee with all required written financial reporting and other periodic reporting that is delivered by the DIP Loan Parties under the DIP Credit Agreement, including any proposed Updated DIP Budget, as and when delivered to the DIP Agent.
Upon (and subject to) the approval of any such Updated DIP Budget by the Lender in its sole discretion, such Updated DIP Budget shall constitute the then- approved Approved DIP Budget.
The DIP Secured Parties are relying upon the Updated DIP Budget in entering into the DIP Loan Documents.
The term “DIP Budget” shall mean the Initial Approved DIP Budget until such time as anthe first Updated DIP Budget iswas approved,following which such Updated DIP Budget shall constitute the DIP Budget until a subsequent Updated DIP Budget is so approved.
Once so consented to by the Lender, the Initial DIP Budget shall be deemed the “Approved DIP Budget” for all purposes of the DIP Documents until superseded by any Updated DIP Budget (as defined below) that subsequently is consented to by the Lender.
Next, if N = 4 or N ≥ 6, fix 2 ≤ K ≤ N/2 such that N − 2K ƒ= 1 and consider τ ∈ O(N) defined byτ(x1, x2, x3) = (x2, x1, x3)for every x = (x1, x2, x3) ∈ RK × RK × RN−2K = RN .
The Borrower has delivered to the DIP Agent a 13-week cash flow forecast of receipts and disbursements for the period from the week ending August 21, 2020 until the week ending November 13, 2020 (the “Initial Approved Budget”), and an Updated DIP Budget(as defined below) attached hereto as Annex B, which Updated DIP Budget is reasonably acceptable to the Majority DIP Lenders in accordance with the DIP Loan Documents.
The term “DIP Budget” shall mean the Initial Approved DIP Budget until the firstUpdated DIP Budget was approved, following which such Updated DIP Budget shall constitute the DIP Budget until a subsequent Updated DIP Budget is so approved.
Upon (and subject to) the approval of any such Updated DIP Budget by the Cash Flow DIP Lender in its sole discretion, such Updated DIP Budget shall constitute the then- approved Approved DIP Budget.