DIP Credit Agreements definition

DIP Credit Agreements means the DIP ABL Credit Agreement and the DIP Term Loan Credit Agreement.
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DIP Credit Agreements means the DIP ABL Agreement and the DIP Term Loan Agreement.
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DIP Credit Agreements means, collectively, (a) that certain senior secured, super-priority debtor-in-possession credit agreement, dated as of May 17, 2022, by and among Parent, the other borrowers and guarantors party thereto, the lenders party thereto, and Bank of America, N.A., as administrative agent and collateral agent, as the same may be amended, restated, supplemented or refinanced from time to time in accordance with the DIP Order and (b) that certain senior secured, super-priority debtor-in-possession term loan agreement, dated as of May 17, 2022, by and among Parent, the other borrowers and guarantors party thereto, the lenders party thereto, and Pathlight Capital LP, as administrative agent and collateral agent, as the same may be amended, restated, supplemented or refinanced from time to time in accordance with the DIP Order.
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Examples of DIP Credit Agreements in a sentence

  • As of the Effective Date, the DIP Claims shall be Allowed and deemed to be Allowed Claims in the full amount outstanding under the DIP Credit Agreements, including principal, interest, fees, costs, other charges, and expenses.

  • All of the Debtors’ contingent and unliquidated obligations under the DIP Credit Agreements, including, without limitation, the DIP Agents’ and the DIP Lenders’ rights to indemnification from the Debtors, to the extent any such obligation has not been paid in Cash in full on the Effective Date, shall survive the Effective Date and shall not be released or discharged pursuant to the Plan or Confirmation Order, notwithstanding any provision hereof or thereof to the contrary.

  • The Debtors’ obligations under the DIP Credit Agreements may be accelerated following certain events of default, including (without limitation) any breach by the Debtors of any of the representations, warranties, or covenants made in the DIP Credit Agreements or the conversion of any of the Chapter 11 filings to a case under Chapter 7 of the Bankruptcy Code or the appointment of a trustee pursuant to Chapter 11 of the Bankruptcy Code.

  • The DIP Credit Agreements bear interest as follows: (a) in the case of borrowings under the Revolving DIP Agreement, at the Borrower’s option, (i) at the Base Rate plus 0.75% per annum or (ii) at the reserve adjusted LIBOR Rate plus 1.75% per annum; and (b) in the case of borrowings under the Term Loan DIP Agreement, at the Borrower’s option, (i) at the Base Rate plus 2.25% per annum or (ii) at the reserve adjusted LIBOR Rate plus 3.25% per annum.

  • The Bankruptcy Court approved the full DIP Credit Agreements of $300 million on November 30, 2006.


More Definitions of DIP Credit Agreements

DIP Credit Agreements means, collectively the DIP Senior Loan Agreement and the DIP Term Loan Agreement.
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DIP Credit Agreements means the Senior DIP Credit Agreement and the Junior DIP Credit Agreement.
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DIP Credit Agreements means, collectively, the credit agreements for the DIP ABL Facility and the DIP Term Loan Facility substantially in the forms attached as Exhibit 1-A and Exhibit 1-B, respectively, to the Restructuring Term Sheet.
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DIP Credit Agreements means, collectively, the Verso DIP ABL Agreement, the NewPage DIP ABL Agreement, and the NewPage DIP Term Loan Agreement.
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DIP Credit Agreements has the meaning set forth in the Restructuring Term Sheet.
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DIP Credit Agreements means, collectively, the DIP New Money Credit Agreement and the DIP LC Credit Agreement.
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DIP Credit Agreements means, collectively, the DIP Revolving Loan Credit Agreement, the DIP Term Loan Credit Agreement, and the Supplemental DIP Financing Agreement (if any).​
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