Examples of DIP Advances in a sentence
At no time shall the DIP Lender be required to advance any DIP Advance unless such DIP Advances rank in priority to all encumbrances other than the Administration Charge.
The DIP Advances, including the Interim DIP Advance, will be funded by the proceeds of a single term bond (the “ DIP Bond”) issued pursuant to the DIP Indenture.
If any party shall appeal any order approving the DIP Facility or shall successfullychallenge the validity, perfection, or priority of any pre-petition liens in favor of the Administrative Agent (on behalf of Lenders), Lenders may terminate their commitment to fund any DIP Advances (as defined in the Credit Agreement) and stop funding any DIP Advances upon written notice to Debtors.
To the extent that such claims and/or security interests or liens are deemed not to be valid or to have priority over the Bonds as of the Petition Date, then the DIP Advances shall not be subordinated such claims and/or security interests or liens.current market conditions and under the particular circumstances of the Chapter 11 Cases, there are no other sources of funding on an interim basis.
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Prior to payment in full of the DIP Advances, the Debtors shall not sell, pledge, hypothecate, or otherwise encumber any Post-Petition Collateral (any such sale, pledge, hypothecation, or other transfer shall be void ab initio).
Senior Secured Lender’s credit bid (in an amount to be determined during the Sale) of up to the outstanding balance due under the Post-Petition DIP Advances and the Pre-Petition Senior Secured Loan.
Without the approval of the DIP Advances, the Debtors will not be able to continue their post-petition operations during the Chapter 11 Cases.
Each Borrower hereby authorizes CoBank to make DIP Advances at any time and from time to time for immediate application to such payment or reimbursement of any such fees, costs or expenses under this subsection (b), Section 11.3 of the Credit Agreement or any other provision of the Loan Documents.(c) No Waiver.
To the extent necessary, Allowed Fee Claims shall be funded through the ICC DIP Advances.