DIP Motion Sample Clauses
A DIP Motion is a formal request submitted to a bankruptcy court by a debtor-in-possession (DIP) seeking approval for specific actions or relief during bankruptcy proceedings. Typically, this motion may request authority to obtain new financing, use cash collateral, or take other actions necessary to continue business operations while under court supervision. The core function of a DIP Motion is to enable the debtor to maintain liquidity and operational stability during bankruptcy, ensuring the business can continue functioning while restructuring its debts.
DIP Motion. Not later than the Petition Date, the Borrower shall have filed a motion (the “DIP Motion”) to the Bankruptcy Court, in form and substance satisfactory to the Secured Parties, seeking approval of the Loan Documents (it being understood that this condition has been satisfied as of the date hereof).
DIP Motion. The “DIP Motion” is the Motion of Debtors for Entry of Interim and Final Orders (I) Authorizing the Debtors to Obtain Postpetition Financing; (II) Authorizing the Debtors to use Cash Collateral; (III)
DIP Motion the Motion of Borrower for approval of the financing under the DIP Facility pursuant to the Agreement. DIP Term - a period commencing on the date of entry of the Interim Financing Order and ending six months later on . Disbursements - the total of “advance requests” as shown on the Budget. Distribution - in respect of any entity, (i) any payment of any dividends or other distributions on Equity Interests of the entity (except distributions in such Equity Interests) and (ii) any purchase, redemption or other acquisition or retirement for value of any Equity Interests of the entity or any Affiliate of the entity unless made contemporaneously from the net proceeds of the sale of Equity Interests. Document - shall have the meaning ascribed to the term “document” in the UCC. Dollars and the sign $ - lawful money of the United States of America. Environmental Laws - all federal, state and local laws, rules, regulations, ordinances, programs, permits, guidance documents promulgated by regulatory agencies, orders and consent decrees relating to human health and safety or the protection or pollution of the environment, including CERCLA. Environmental Release - a release as defined in CERCLA or under any applicable Environmental Laws. Equipment - shall have the meaning ascribed to the term “equipment” in the UCC and shall include, without limitation, all vehicles, dozers, loaders, backhoes, excavators, fork lifts, freightliners and similar heavy duty equipment and spare parts. Equity Interest - the interest of a shareholder in a corporation, a partner (whether general or limited) in a partnership (whether general, limited or limited liability), a member in a limited liability company, or any other Person having any other form of equity security. ERISA - the Employee Retirement Income Security Act of 1974 and all rules and regulations from time to time promulgated thereunder. Estate - the estate created in each of the Chapter 11 Case pursuant to 11 U.S.C. § 541(a). Event of Default - as defined in Section 11 of the Agreement. Extraordinary Expenses - all reasonable costs, expenses, fees (including fees incurred to Lender Professionals) or advances that Lender may suffer or incur, whether prior to or after the occurrence of an Event of Default, on account of or in connection with (i) the audit, inspection, repossession, storage, repair, appraisal, insuring, completion of the manufacture of, preparing for sale, advertising for sale, selling, collecting or otherwise pre...
DIP Motion the Motion of Borrower for approval of the financing ---------- under the DIP Facility pursuant to the Agreement.
DIP Motion the motion of Borrower for approval of the financing under the Lending Facility pursuant to the Agreement. Document - shall have the meaning ascribed to the term “document” in the UCC, as such definition may be amended from time to time. Dollars and the sign $ - lawful money of the United States of America. Eligible Assignee - any commercial bank, savings and loan association, savings bank, finance company, investment fund or other financial institution (whether a corporation, partnership, or other entity), or any Affiliate of Lender. Environmental Laws - any and all laws, statutes, rules, regulations, orders, ordinances, codes, legal directives, notices, legal requirements and rules of common law of any effect as of the date hereof in any and all jurisdictions in which Borrower is conducting or at any time has conducted business or where the Collateral is or was located, and any judicial or administrative interpretation thereof including, but not limited to, any judicial or administrative order, consent decree, judgment or settlement relating to the environment, Hazardous Materials or exposure to Hazardous Materials. Equipment - shall have the meaning ascribed to the term “equipment” in the UCC, as such definition may be amended from time to time. Equity Interest - the interest of (a) a shareholder in a corporation, (b) a partner (whether general or limited) in a partnership (whether general, limited or limited liability), (c) a member in a limited liability company, or (d) any other Person having any other form of equity security in any form of entity. ERISA - the Employee Retirement Income Security Act of 1974 and all rules and regulations from time to time promulgated thereunder. Estate - the estate created in each of the Chapter 11 Case pursuant to 11 U.S.C. § 541(a). Event of Default - as defined in Article 11 of the Agreement. Extraordinary Expenses - all costs, expenses, fees (including fees incurred by Lender Professionals) or advances that Lender may suffer or incur, whether prior to or after the occurrence of an Event of Default, on account of or in connection with (a) the audit, inspection, repossession, storage, repair, appraisal, insuring, completion of the manufacture of, preparing for sale, advertising for sale, selling, collecting or otherwise preserving or realizing upon any Collateral; (b) the defense of Lender’s Lien upon any Collateral or the priority thereof or any adverse claim with respect to the Post-Petition Loans, the Financing D...