DIP Amount definition
Examples of DIP Amount in a sentence
To the extent that it is determined that the Purchase Price paid is greater than amounts owed or owing under the DIP Amount, the excess, if any, shall immediately be returned to the Purchaser.
The Obligors will not permit the Total Outstanding ABL DIP Amount to exceed $175,000,000.
A successful syndication is not a condition precedent to the availability of the Interim DIP Amount.
Set forth on Schedule 3.15 hereto is a complete and accurate list of all real property owned by the Borrower or each Guarantor (in each case identified as a Low Leverage or High Leverage Guarantor) as of the date hereof, showing the street address, county or other relevant jurisdiction, state and record owner thereof and clearly identifying each property that is a "Low Leverage Hotel Property" and the Attributed DIP Percentage and Attributed DIP Amount for such Low Leverage Hotel Property.
You agree to continue your discussions with the other Customers and to use commercially reasonable efforts to achieve a syndication of the Additional DIP Amount to the other Customers that is satisfactory to Ford and you.