Examples of ABL DIP Facility in a sentence
The ABL DIP Facility shall be in full force and effect and no “Default” or “Event of Default” (as defined in the ABL DIP Credit Agreement) shall have occurred and be continuing under the ABL DIP Credit Agreement that remains uncured or not expressly waived in writing by the ABL DIP Lenders.
The Debtors’ access to the full amount of the borrowing base contemplated by the ABL DIP Facility requires that the Canadian Court recognize the Bankruptcy Court’s orders regarding the DIP Facilities.
If the A/R Facility Claims are not satisfied with the proceeds of the ABL DIP Facility, on the Effective Date, the A/R Facility Claims shall be Allowed in the aggregate principal amount of $45,934,675, plus accrued and unpaid interest on such principal amountthrough the Petition Date and any fees and other expenses arising under or in connection with the A/R Facility Credit Agreement.
The ABL DIP Lenders are willing to establish the ABL DIP Facility upon the terms and conditions set forth herein and in that certain Post-Petition Credit Agreement to be entered into by the domestic Debtors and the ABL DIP Credit Parties, substantially in the form attached to the Motion (together with all schedules, exhibits and annexes thereto, and as at any time amended, the “ABL DIP Loan Agreement”).
In the event of any use or sale of, or stay relief granted with respect to, the DIP Collateral (other than Term Collateral) to which the agent under the ABL DIP Facility consents, the Term DIP Agent (in its capacity as a holder of an interest in such DIP Collateral) shall not object or be entitled to seek adequate protection in connection therewith.