Examples of DIP Commitment in a sentence

In addition, each DIP Commitment Party shall receive its Pro Rata share of the DIP Commitment Fee in accordance with the DIP Facility Orders.
Among other things, the Approval Motions will seek approval of the execution by the Debtors of this Agreement and of the DIP Commitment Letter and the “DIP Loan Documents” referred to therein and authorization for the Debtors to incur and perform their obligations thereunder and hereunder and to execute such other documentation as may be required with respect to the transactions contemplated by such agreements.
Following the making of any New Money DIP Loans by a Lender, the New Money DIP Commitment of such Lender shall be automatically and permanently reduced by the amount of such New Money DIP Loans so made by such Lender, and shall automatically and permanently terminate when reduced to $0.
The Debtor further agrees to promptly enter into Controlled Account Agreements for any new Deposit Accounts opened during the DIP Commitment Period, which new Deposit Accounts shall only be opened following notice to, and written consent from, the DIP Lender.
Absent immediate access to the proceeds of the DIP Credit Facility, including proceeds in respect of the Consorcio DIP Commitment, and cash collateral, the Debtors would be unable to operate their business and their ability to successfully reorganize would be jeopardized.

More Definitions of DIP Commitment

DIP Commitment means, as to any Lender, the obligation of such Lender to make DIP Loans and to participate in Swing Loans and Letters of Credit issued for the account of the Borrower hereunder in an aggregate principal or face amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 1 attached hereto and made a part hereof, as the same may be reduced or modified at any time or from time to time pursuant to the terms hereof. The Borrower and the Lenders acknowledge and agree that the DIP Commitments of the Lenders aggregate $450,000,000 on the date hereof.

DIP Commitment means, with respect to DIP Lenders’ commitment to lend hereunder,$5,500,000 in the aggregate as set forth on the Commitment Annex, as such amount may be reduced pursuant to the terms of this DIP Credit Agreement or the DIP Order.

DIP Commitment means the commitment by a Consenting Second Lien Lender to provide a percentage of the DIP Facility.

DIP Commitment means an aggregate principal amount up to twenty million Dollars ($20,000,000).

DIP Commitment means, as to any DIP Lender, the obligation of such DIP Lender to make a DIP Loan to the Borrower in a principal amount not to exceed the amount set forth under the heading “DIP Commitment” opposite such DIP Lender’s name on Schedule 2.01.

DIP Commitment means, as to each Lender, its obligation to make a Loan to the Borrower hereunder, expressed as an amount representing the maximum principal amount of the Loan to be made by such Lender under this Agreement, as such commitment may be reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to an Assignment and Assumption. The initial amount of each Lender’s DIP Commitment is set forth on S chedule 1.01 under the caption “DIP Commitment” or, otherwise, in the Assignment and Assumption, pursuant to which such Lender shall have assumed its DIP Commitment, as the case may be. The aggregate amount of the DIP Commitments is $25,000,000.