DIP Backstop Agreement definition
DIP Backstop Agreement means that certain amended and restated backstop commitment agreement, dated June 1, 2020 among the DIP Borrower and certain of the Prepetition Secured Parties.
DIP Backstop Agreement means Section 5.03 of the Restructuring Support Agreement (including by reference the related provisions of the Restructuring Support Agreement), pursuant to which the DIP Backstop Parties agreed to backstop the DIP New Money Commitments on a several, and not joint and several, basis.
DIP Backstop Agreement. That certain amended and restated backstop commitment agreement, dated June 1, 2020 among the DIP Borrower and certain of the Prepetition Secured Parties. DIP Borrower Intelsat ▇▇▇▇▇▇▇ Holdings S.A. DIP Claim A Claim arising under, derived from or based upon the DIP Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising under the DIP Credit Agreement. DIP Credit Agreement That certain Superpriority Secured Debtor In Possession Credit Agreement, dated as of June 17, 2020, among the DIP Debtors, the DIP Agent, and Credit Suisse Loan Funding LLC, as lead arranger, as amended, amended and restated, supplemented, or modified from time to time. DIP Debtors Collectively, the DIP Borrower and the DIP Guarantors. DIP Documents The DIP Credit Agreement and any amendments, modifications, or supplements thereto, as well as any and all agreements, documents, and instruments (including any amendments, restatements, supplements, or modifications of any of the foregoing) delivered or executed in connection the DIP Credit Agreement, and the DIP Backstop Agreement. DIP Facility That certain $1 billion new money multi-draw debtor-in-possession term loan credit facility provided by the DIP Lenders on the terms of, and subject to the conditions set forth in, the DIP Credit Agreement and approved by the Bankruptcy Court pursuant to the DIP Order. DIP Guarantors The Debtors and their Affiliates that unconditionally guaranteed, on a joint and several basis, the DIP Borrower’s obligations in connection with the DIP Facility. DIP Lenders Collectively, the banks, financial institutions, and other lenders party to and the lenders under the DIP Credit Agreement from time to time, each solely in their capacity as such. DIP Order The Final Order (A) Authorizing the Debtors to Obtain Postpetition Financing, (B) Authorizing the Debtors to Use Cash Collateral, (C) Granting Liens and Providing Superpriority Administrative Expense Claims, (D) Granting Adequate Protection to the Prepetition Secured Parties, (E) Modifying the Automatic Stay, and (F) Granting Related Relief entered by the Bankruptcy Court in the Chapter 11 Cases on June 9, 2020 at docket number 285. Disclosure Statement The disclosure statement for the Plan, including all exhibits and schedules thereto.