DIP Credit Facility definition

DIP Credit Facility means that senior secured superpriority debtor in possession financing provided by the DIP Lenders pursuant to the DIP Loan and Security Agreement.

DIP Credit Facility means the commitment secured by the Debtors for debtor-in-possession financing from the post-petition lenders authorized in the Final DIP Order or any refinancing thereof, including but not limited to a refinancing whereby the refinancing lender takes an assignment of the DIP Credit Facility or the Claims of the Post-Petition Lenders thereunder.

DIP Credit Facility shall have the meaning ascribed to such term in the recitals.

Examples of DIP Credit Facility in a sentence

• At the Company’s option, interest on the revolving and term loans under the DIP Credit Facility is based on LIBOR or the bank’s prime rate plus an applicable margin.

• The DIP Credit Facility contains various representations, warranties and covenants of the Debtors that are customary for such financings, including among others, reporting requirements and financial covenants.

• The Amended DIP Credit Facility carries an interest rate at the option of Delphi of either (i) the Administrative Agent’s Alternate Base Rate (as defined in the Amended DIP Credit Facility) plus 1.75% or (ii) 2.75% above the Eurodollar base rate, which is the London Interbank Borrowing Rate (“LIBOR”).

• On October 27, 2005, Delphi entered into the First Amendment to the DIP Credit Facility (the “First Amendment”).

• The DIP financing order granted final approval of the DIP Credit Facility, as amended, and final approval of an adequate protection package for certain prepetition facilities.

More Definitions of DIP Credit Facility

DIP Credit Facility or “DIP Credit” or “Facility” means the debtor-in-possession facility extended to the Borrower by the Lenders hereunder.

DIP Credit Facility means that certain Senior Secured Debtor-In- Possession Loan Agreement, as amended from time to time, by and between the Debtors and the DIP Lender, as approved by the DIP Order.

DIP Credit Facility means that certain Debtor-in-Possession Credit Agreement dated as of March 6, 2014 between the Issuer, as borrower, and the Note Guarantor, as lender, as amended, modified or supplemented.

DIP Credit Facility means that certain Financing Agreement, dated as of January 16, 2004, as amended on March 1, 2004, July 20, 2004, June 1, 2005, March 17, 2006, and January 25, 2007, among Solutia and Solutia Business Enterprises Inc, as borrowers, all of the other Debtors, as guarantors, Citicorp USA, Inc., as administrative, collateral and documentation agent, and Citibank, N.A., as Issuer, and the lenders party thereto, as the same may be amended from time to time prior to the Confirmation Date.

DIP Credit Facility the debtor-in-possession financing facility provided pursuant to the Second Amended and Restated Loan and Security Agreement, dated as of March 15, 2005, among the Borrower, Spiegel, Inc., Spiegel Catalog, Inc., Ultimate Outlet, Inc. Newport News, Inc., Bank of America, N.A., as agent, Banc of America Securities LLC, as sole lead arranger and book manager, Fleet Retail Group, Inc. and The CIT Group/Business Credit, Inc, as co-syndication agents, General Electric Capital Corporation, as documentation agent, and the lenders from time to time party thereto, as amended, supplemented or otherwise modified, together with all instruments and other agreements entered into by the Borrower, any Debtor or any other Group Member in connection therewith.

DIP Credit Facility means the debtor-in-possession credit facility governed pursuant to the terms set forth in the DIP Credit Agreement.

DIP Credit Facility means the Senior-Secured Superpriority Debtor-in-Possession Credit and Security Agreement dated November 9, 2009, between Debtor and Wells Fargo, as amended by the First Amendment to Senior Secured Super-Priority Debtor-in-Possession Credit and Security Agreement, dated May 11, 2010, together with certain related agreements, instruments, and documents, pursuant to which Wells Fargo provided Debtor with up to $6.75 million in credit availability, secured by substantially all of Debtor’s assets, exclusive of intellectual property, and subject to a $500,000 carve-out from Debtor’s Louisiana assets for professional and statutory fees.