Existing DIP Credit Agreement definition

Existing DIP Credit Agreement has the meaning set forth in the Introductory Statement.

Existing DIP Credit Agreement shall have the meaning provided in the Preliminary Statements to this Agreement.

Existing DIP Credit Agreement means the Amended and Restated Revolving Credit, Term Loan and Guaranty Agreement dated as of November 21, 2005, among the Borrower, the guarantors party thereto, the lenders party thereto, JPMCB, as administrative agent, and Citicorp USA, Inc., as syndication agent, as amended, restated, or otherwise modified from time to time, and shall include all other “Loan Documents” as defined therein.

Examples of Existing DIP Credit Agreement in a sentence

• The proceeds of the Loans shall be used to (i) refinance outstanding Term Loans under, and as defined in, the Existing DIP Credit Agreement (as such agreement is in effect immediately prior to the Closing Date), (ii) fund working capital requirements of the Company, (iii) fund adequate protection payments in respect of the Existing Second Lien Debt permitted under the DIP Order, and (iv) fund settlement payments reasonably acceptable to the Required Lead Lenders.

• For the avoidance of doubt, prior to the Conversion Date this Agreement may be amended by the Required Lead Lenders (as defined in the Existing DIP Credit Agreement).

• This Agreement shall not constitute a novation or repayment of the obligations and liabilities existing under the Existing DIP Credit Agreement or evidence payment of all or any of such obligations and liabilities.

• Each Loan Party hereby reaffirms its obligations under each Loan Document (as defined in the Existing DIP Credit Agreement, collectively, the “Original Loan Documents”) to which it is party, as amended, supplemented or otherwise modified by this Agreement and by the other Loan Documents delivered on the Effective Date.

• From and after the Effective Date, the rights of the parties to this Agreement shall be governed by this Agreement; provided that the rights of parties in respect of periods prior to the Effective Date shall be governed by the terms of the Existing DIP Credit Agreement as in effect at the relevant time.

More Definitions of Existing DIP Credit Agreement

Existing DIP Credit Agreement as defined in the recitals hereto.

Existing DIP Credit Agreement means the debtor-in-possession credit agreement, dated as of January 20, 2012, among the Company, the Subsidiaries of the Company party thereto, the lenders party thereto and Citicorp North America, Inc., as administrative agent and collateral agent, as amended, restated or supplemented and after the date hereof as amended, restated or supplemented in accordance with the terms of this Agreement.

Existing DIP Credit Agreement means that certain Debtor-in-Possession Credit Agreement dated as of June 28, 2019 among the Borrower, the lenders party thereto and Cantor Xxxxxxxxxx Securities, as administrative agent, as the same may be amended, restated, supplemented or otherwise modified from time to time.

Existing DIP Credit Agreement means that certain Debtor-In-Possession Credit Agreement, dated as of August 5, 2009 (as amended, restated, supplemented or otherwise modified from time to time, including by that certain First Amendment to Debtor-In-Possession Credit Agreement, dated August 31, 2009, that certain Second Amendment and Limited Waiver to Debtor-In-Possession Credit Agreement, dated September 11, 2009 and that certain Additional Foreign Borrower Designation Agreement, dated as of December 2, 2009), Holdings, the U.S. Borrower, the Canadian Borrower, the German Borrower, the Lenders (as defined therein) from time to time party thereto, Deutsche Bank Trust Company Americas, as administrative agent for the Lenders (as defined therein) and the other agents party thereto.

Existing DIP Credit Agreement means that certain Senior Secured Superpriority Debtor-in-Possession Term Loan Credit Agreement, dated as of April 24, 2020, among Speedcast International Limited (CAN 600 699 241), Speedcast Communications, Inc., the lenders party thereto from time to time, and Black Diamond Commercial Finance, L.L.C., as successor to Credit Suisse AG, Cayman Islands Branch, as administrative agent, collateral agent and security trustee, as the same may be amended, restated, supplemented, or otherwise modified from time to time in accordance with the terms thereof.

Existing DIP Credit Agreement has the meaning specified in the recitals to this Agreement.

Existing DIP Credit Agreement means the Financing Agreement, dated as of July 13, 2004, among the Existing DIP Loan Parties, the Existing DIP Lenders, the Existing DIP Agents, and JPMorgan Chase Bank and Bank of America, N.A., in their capacities as documentation agents to the Existing DIP Lenders, as the same has been amended prior to the date hereof.