DIP Budget definition

DIP Budget means the “Approved Budget” as defined in the DIP Term Facility Order.
DIP Budget means a projected statement of sources and uses of cash for the Borrower and the Guarantors on a weekly basis for the following 13 calendar weeks. As used herein, “DIP Budget” shall initially refer to the initial 13-week projection delivered in accordance with Section 6.2 and thereafter shall refer to the most recent 13-week projection delivered by the Borrower in accordance with Section 9.1(c).
DIP Budget means the rolling cash flow forecast of the Borrower attached hereto as Exhibit B, and each subsequent forecast approved in writing by the Postpetition Lender, which forecasts shall, among other things, contain (i) detailed projected cash receipts and cash disbursements on a weekly basis for the then current week and the subsequent number of weeks as approved by the Postpetition Lender and (ii) specific line items, amounts, and details as requested by the Postpetition Lender. The DIP Budget may be extended, varied, supplemented or otherwise modified at the request of the Borrower, upon approval in writing by the Postpetition Lender.

Examples of DIP Budget in a sentence

  • All Professional Fees at any time paid by the Borrowers, or any of them, shall be paid by the Borrowers pursuant to procedures established by an order of the Bankruptcy Court and pursuant to the DIP Budget.

  • The DIP Budget may only be amended, supplemented, modified, restated, replaced, or extended in accordance with this Interim Order and the other DIP Loan Documents (including the DIP Term Sheet).

  • The DIP Budget is an integral part of this Interim Order and has been relied upon by the DIP Secured Parties to provide the DIP Facility and consent to this Interim Order.

  • After the delivery of a Carve-Out Trigger Notice, notwithstanding anything herein to the contrary, the Debtor shall be authorized to deposit any cash on hand into the Professional Fee Reserve Account up to the amount of any remaining unpaid professional fees for each of the Professionals set forth in the DIP Budget for the period until delivery of the Carve-Out Trigger Notice plus an amount equal to the Post Carve-Out Trigger Notice Cap.

  • Each Borrower shall deliver to Lender a certificate signed by an Authorized Officer of such Borrower on the Thursday of every other week, commencing on the third Thursday after the Petition Date, certifying as to the accrued Professional Fees for the two week period ended (and on a cumulative basis since the Petition Date) the Saturday ten days prior to such date, together with a variance report comparing such Professional Fees to the DIP Budget.


More Definitions of DIP Budget

DIP Budget means that certain DIP Budget, attached as Exhibit 2 to the Financing Motion, as may be amended from time to time.
DIP Budget means a rolling 13-week cash flow forecast delivered on or prior to the Closing Date and updated no less than every four weeks thereafter in accordance with Section 6.01(h), setting forth the Debtorsprojected cash receipts and cash disbursements during such 13-week period (i) initially, covering the period commencing on or about the Closing Date and (ii) thereafter, covering the period commencing on the first calendar day of each four-week anniversary thereafter, in each case, in form and substance acceptable to the Required Lenders.
DIP Budget shall initially refer to the initial 13-week projection delivered in accordance with Section 6.2 and thereafter shall refer to the most recent 13-week projection delivered by the Borrower in accordance with Section 9.1(c).
DIP Budget has the meaning specified in Section 5.03(e).
DIP Budget means the consolidated weekly operating budget of the Debtors as set forth in the DIP Credit Agreement.
DIP Budget means the cash flow budget attached to the DIP Financing and Cash Collateral Order.
DIP Budget means that certain budget provided pursuant to the terms of the DIP Credit Agreement, including any updates delivered or provided with respect thereto.