Examples of DIP ABL Facility in a sentence
In connection with the Bankruptcy Filing, the Debtors entered into an amended and restated senior secured debtor-in-possession and exit asset-based revolving credit agreement (the "DIP ABL Facility"), which amends and restates the Company’s existing ABL Facility.
Further, the Company entered into a senior secured debtor-in-possession term loan agreement (the"DIP Term Loan Facility") (collectively with the DIP ABL Facility, the "DIP Facilities").
Except to the extent that a Holder of an Allowed DIP ABL Facility Claim agrees to a less favorable treatment, in full and final satisfaction, settlement, release and discharge of each Allowed DIP ABL Facility Claim, on the Effective Date, each Holder of an Allowed DIP ABL Facility Claim will either: (a) be paid indefeasibly in full in Cash or (b) with the consent of such Holder, receive its Pro Rata share of the Exit ABL Facility.
DURABLE MEDICAL EQUIPMENT BENEFITSMedically necessary Durable Medical Equipment for Activ- ities of Daily Living, supplies needed to operate Durable Medical Equipment, oxygen and its administration, and ostomy and medical supplies to support and maintain gas- trointestinal, bladder or respiratory function are covered.
On the Effective Date, all Class 3 Claims not previously determined to be Allowed pursuant to the DIP ABL Facility Order, or otherwise, shall be deemed Allowed in an amount equal to the then-existing obligations of the Debtors under the ABL Facility Documents.