The Debtors’ Needs for the DIP Facility Sample Clauses

The Debtors’ Needs for the DIP Facility. (a) Good cause has been shown for the entry of this Order. The Debtors’ use of the funds advanced pursuant to this Order, the DIP Loan Documents, and the DIP Budget was and is immediate and critical. Entry of this Order will minimize any diminution in the value of the bankruptcy estates, and is in the best interests of the Debtors, their creditors, and the bankruptcy estates. The terms of the financing authorized hereby are fair and reasonable, reflect the Debtors’ exercise of prudent business judgment, and are supported by reasonably equivalent value and fair consideration. The Debtors and their estates would suffer immediate and irreparable harm unless the Court authorizes the Debtors to obtain up to $3,000,000 in financing, which amount includes the Interim Borrowing Advance of $600,000 and final Advances in an amount up to a maximum of $3,000,000 (inclusive of the Interim Borrowing Advance) (the “Final Borrowing Advance).
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