Common use of DIP Financing Clause in Contracts

DIP Financing. Subject to the Bankruptcy Court entering an order in substantially the form attached to the DIP Motion approving Amendment No. 1 to the Ratification and Amendment Agreement and entering the Bidding Procedures Order, Buyer or any of its direct or indirect subsidiaries shall provide Seller with debtor-in-possession financing in a principal amount up to $30 million on the terms and subject to the conditions set forth in Amendment No. 1 to the Ratification and Amendment Agreement.

Appears in 3 contracts

Sources: Asset Purchase Agreement (Rouge Industries Inc), Asset Purchase Agreement (Rouge Industries Inc), Asset Purchase Agreement (Rouge Industries Inc)