Credit Bidding definition

Credit Bidding. The DIP Agent, upon the instruction of the Requisite DIP Lenders, shall have the right to credit bid the full amount of the DIP Obligations.

Examples of Credit Bidding in a sentence

  • Administrative Agent May File Proofs of Claim; Credit Bidding 166 Section 9.11.

  • Ralph Brubaker, The Post-RadLAX Ghosts of Pacific Lumber and Philly News (Part II): Limiting Credit Bidding, Bankr.

  • Prebijanje potraživanja i credit bidding u stečajnom postupku [Settlement of Claims and Credit Bidding in Bankruptcy Proceedings].

  • Gregg, A Review of Credit Bidding under 11 U.S.C. § 363(k), NORTON ANN.

  • Holders of Specified Swap Agreement Obligations, Specified Cash Management Obligations and Specified Bilateral Obligations 156 Section 10.9. Credit Bidding 158 Section 10.10.

  • Administrative Agent May File Proofs of Claim; Credit Bidding ..................................

  • Credit Bidding in 363 Sales: A Case StudyIn October 2011, Friendly Ice Cream Corp.

  • Section 12 of the Credit Agreement is hereby amended by adding a new Section12.15 immediately following Section 12.14 of the Credit Agreement, which new Section 12.15 shall read in full as follows: 12.15 Credit Bidding.

  • Alleged Conflict Between Credit Bidding Provision and § 8.1 of the Plan.

  • Administrative Agent May File Proofs of Claim; Credit Bidding 141 Section 9.10.

Related to Credit Bidding

  • Credit Bid means, an offer submitted by Agent (on behalf of the Lender group), based upon the instruction of the Required Lenders, to acquire the property of any Loan Party or any portion thereof in exchange for and in full and final satisfaction of all or a portion (as determined by Agent, based upon the instruction of the Required Lenders) of the claims and Obligations under this Agreement and other Loan Documents.

  • Competitive bidding means a transparent process for procurement of equipment, services and works in which bids are invited by the project developer by open advertisement covering the scope and specifications of the equipment, services and works required for the project, and the terms and conditions of the proposed contract as well as the criteria by which bids shall be evaluated, and shall include domestic competitive bidding and international competitive bidding;

  • Open Competitive Bidding means a fair and transparent specified procedure defined under these Rules, advertised in the prescribed manner, leading to the award of a contract whereby all interested persons, firms, companies or organizations may bid for the contract and includes both National and International Competitive Biddings;

  • competitive bidding process means a competitive bidding process referred to in paragraph 12 (1) (d) of this Policy;

  • Bidder/Bidding Company means Bidding Company submitting the Bid. Any reference to the Bidder includes Bidding Company / including its successors, executors and permitted assigns as the context may require;

  • Successful Bidder(s) means the bidder(s) to whom work in this tender is awarded.

  • Qualified Bidder(s means a Bidder who fulfills the eligibility criteria listed out in the E-Auction Process Information Document.

  • Selected Bidder or Successful Bidder means the Bidder selected pursuant to this RfS to set up the Project and supply electrical output as per the terms of standard PPA.

  • Successful Bidder As defined in Section 7.01(c).

  • Bidding Procedures Order means that certain order of the Bankruptcy Court, entitled “Order (A) Approving Sale Procedures and Bid Protections, Including Break-Up Fee(s), In Connection With Sale Of Substantially All Assets; (B) Scheduling An Auction For And Hearing To Approve One Or More Sales; (C) Approving Notice Of Respective Date, Time And Place For Auction And For Hearing On Approval Of Sale(s),” entered on January 16, 2009.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Eligible Bidder(s) means Bidder(s) who are eligible in terms of this E-Auction Process Memorandum, provisions of IBC and provisions of the Liquidation Process Regulations;

  • Eligible bidder means a person who is:

  • Bid Procedures Order means an Order of the Bankruptcy Court that (a) is in substantially the form set forth as Exhibit A to this Agreement or otherwise in a form reasonably satisfactory to the Sellers and acceptable to the Buyer in its sole discretion, and (b) approves procedures for the solicitation and consideration of competitive bids for the Assets under the terms and conditions of this Agreement and authorizing the protections set forth in Article 11 for the Buyer.

  • Qualified Bidder As defined in Section 7.01(c).

  • Highest Bidder means the Bidder, who quotes the highest License Fees

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Competitive Bid means a bid in terms of a competitive bidding process;

  • Buy Bid means a bid to buy Capacity Resources in any Incremental Auction.

  • Responsive Bidder or Offeror means a person who submits a bid or proposal which conforms in all material respects to the invitation for bids or request for proposals.

  • Revolving Credit Borrowing means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

  • Interested Bidder means any person or persons who have submitted the Request Letter for Participation along with signed Bid Form, notarized affidavit, signed Declaration, requisite Earnest Money and other necessary documents to complete the eligibility check formalities to the satisfaction of the Liquidator.

  • Permitted Loans means:

  • Offered Loans has the meaning specified in Section 2.05(d)(iii).