Bridge Claims definition
Bridge Claims. Upon entry of the Interim DIP Order, the Bridge Claims shall be repaid in full in cash with the proceeds of the DIP Term Loan Facility.
Bridge Claims means any Claim on account of the 2020 Term Loans.
Examples of Bridge Claims in a sentence
On the Effective Date, the rights, liens and claims (including any guarantee claims) of holders of Bridge Claims against Obligor Non-Debtors shall be extinguished.
The proceeds of the DIP Term Loan Facility shall be used to (i) repay the Bridge Claims in full upon the entry of the Interim DIP Order, (ii) fund the costs of administration of the Chapter 11 Cases and (iii) for general corporate purposes in accordance with the budget provided in the DIP Orders and approved by the Required DIP Term Loan Lenders and the Required Consenting 1L Lenders.