DIP Credit Parties definition

DIP Credit Parties means the DIP Agent and the DIP Lenders.
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DIP Credit Parties means (a) the DIP Repo Parties; and (b) the Cash Flow DIP Lender.
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DIP Credit Parties means “DIP Credit Parties” as defined in the DIP Order.
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Examples of DIP Credit Parties in a sentence

  • On the Effective Date, in full and final satisfaction of the Allowed DIP Claims, the commitments of the DIP Credit Parties under the DIP Documents shall be terminated and DIP Claims shall be (a) paid in full in Cash upon the consummation of the Sale Transaction if the Sale Transaction occurs or (b) refinanced in full in Cash by the Exit Warehouse Facilities if the Reorganization Transaction occurs.

  • Given their current financial condition, financing arrangements and capital structure, the Debtors are unable to obtain financing from sources other than the DIP Credit Parties on terms more favorable than the DIP Facility.

  • The DIP Facility and the use of Cash Collateral were negotiated in good faith and at arms’ length among the Debtors and the DIP Credit Parties.

  • Subject to entry of the Final Order, the Avoidance Proceeds will beshared among DIP Agents (for the benefit of their respective DIP Credit Parties), with 40.3% to be remitted to ABL DIP Agent and 59.7% to be remitted to Term DIP Agent.

  • DIVIDENDSOur performance over the past two years demonstrates that our strategies are delivering value and that Capral is now better placed to succeed through the various phases of the business cycle.

  • Other than as expressly set forth in this Final Order, any other rights, claims or privileges (whether legal, equitable or otherwise) of the DIP Credit Parties and the Prepetition Secured Creditors are preserved.

  • The DIP Agent and the other DIP Credit Parties shall be entitled to all of the rights and benefits of Section 552(b) of the Bankruptcy Code.

  • Nothing herein shall be construed as consent to the allowance of any professional fees or expenses of any Case Professionals or shall affect the right of the DIP Credit Parties or the Prepetition Secured Creditors to object to the allowance and payment of such fees and expenses.

  • The DIP Credit Parties shall be entitled to the full protection of Section 364(e) of the Bankruptcy Code in the event that this Interim Order or any provision hereof is vacated, reversed or modified, on appeal or otherwise.

  • Based upon the record presented at the Interim Hearing, the DIP Financing has been negotiated in good faith and at arm’s length between the Debtors, on the one hand, and the DIP Credit Parties, on the other.


More Definitions of DIP Credit Parties

DIP Credit Parties means, collectively, the ABL DIP Credit Parties and the Term DIP Credit Parties.
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DIP Credit Parties means (a) the DIP Administrative Agent; and (b) the DIP Lenders. 2 [NTD: Under consideration.]
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DIP Credit Parties has the meaning given to it in the Interim Financing Order (as defined in the DIP Credit Agreement) as it may be modified by the Final Financing Order (as defined in the DIP Credit Agreement).
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Related to DIP Credit Parties

  • Credit Parties means the Borrower and the Guarantors.

  • Loan Parties means, collectively, the Borrower and each Guarantor.

  • U.S. Credit Party means the U.S. Borrower and each U.S. Subsidiary Guarantor.

  • U.S. Loan Parties means the U.S. Borrowers and the U.S. Guarantors.

  • Canadian Credit Party means the Canadian Borrower and each Canadian Subsidiary Guarantor.

  • DIP Credit Agreement means the credit agreement with respect to the DIP Facility.

  • Canadian Loan Parties means the Canadian Borrower and the Canadian Guarantors.

  • Lender Parties means the Lenders and the Administrative Agent.

  • Non-Credit Party means any Restricted Subsidiary that is not a Credit Party.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • First Lien Credit Documents means the “Credit Documents” as defined in the First Lien Credit Agreement.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrowers, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent.

  • Domestic Loan Parties means, collectively, the Company and the Guarantors.

  • DIP Agent means the administrative agent for the DIP Lenders as defined in the DIP Credit Agreement.

  • First Lien Credit Agreement has the meaning set forth in the Recitals to this Agreement.

  • Borrower Parties means the collective reference to the Borrower and its Restricted Subsidiaries, and “Borrower Party” means any one of them.

  • Borrower Credit Agreement Obligations the collective reference to the unpaid principal of and interest on the Loans and Reimbursement Obligations and all other obligations and liabilities of the Borrower (including, without limitation, interest accruing at the then applicable rate provided in the Credit Agreement after the maturity of the Loans and Reimbursement Obligations and interest accruing at the then applicable rate provided in the Credit Agreement after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) to the Administrative Agent or any Lender, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Credit Agreement, this Agreement, or the other Loan Documents, or any Letter of Credit, or any other document made, delivered or given in connection therewith, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are required to be paid by the Borrower pursuant to the terms of any of the foregoing agreements).

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • ABL Credit Agreement as defined in the recitals hereto.

  • Specified Credit Party means any Credit Party that is not an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 14.11).

  • Domestic Credit Party means any Credit Party that is organized under the laws of any State of the United States or the District of Columbia.

  • DIP Lender means a lender under the DIP Facility.

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Credit Party means the Administrative Agent, the Issuing Bank, the Swingline Lender or any other Lender.