DIP Facility. The Company shall enter into the DIP Facility on terms and conditions that are reasonably satisfactory to the Requisite Commitment Parties, it being understood that the DIP Facility contemplated by that certain Commitment Letter, dated as of the date hereof, is deemed satisfactory to the Requisite Commitment Parties and consistent with the terms set forth in the Term Sheet and the RSA.
Appears in 3 contracts
Sources: Backstop Commitment Agreement (Gulfmark Offshore Inc), Restructuring Support Agreement, Backstop Commitment Agreement