DIP Debtors definition

DIP Debtors means collectively, the DIP Borrower and the DIP Guarantors.
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DIP Debtors means Seller and its affiliated debtors and debtors in possession.
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DIP Debtors means NAI and its affiliated debtors and debtors in possession. “DIP Order” means the Final Order Granting Debtors’ Motion to (i) AuthorizeDebtors in Possession to Obtain Post-Petition Financing Pursuant to 11 U.S.C. §§ 105, 362, 363, 364; (ii) Grant Liens and Superpriority Claims to Post-Petition Lenders Pursuant to 11 U.S.C.§§ 364 and 507, (iii) Provide Adequate Protection to Pre-Petition Credit Parties, (iv) Modify Automatic Stay Pursuant to 11 U.S.C. §§ 361, 362, 363, 364 and 507, and (v) Grant Related Relief Docket No. 392.
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Examples of DIP Debtors in a sentence

  • Claims of the Non-DIP Debtors for payments made on behalf of the Non- DIP Debtors shall be treated as administrative expense claims in favor of the paying DIP Debtor, including, without limitation, administrative expenses of the kinds specified in or ordered pursuant to sections 105, 326, 327, 328, 330, 331, 361, 362, 363, 364, 365, 503, 506, 507(a), 507(b), 546,552, 726, 1113 and 1114 of the Bankruptcy Code.

  • The Term Loan Commitments shall terminate on the date when any DIP Debtors file a motion with the Bankruptcy Court for an alternative debtor-in-possession financing or use of cash collateral not contemplated by the Final DIP Order.

  • The DIP Debtors require immediate access to sufficient working capital and liquidity through the incurrence of the new indebtedness for borrower money to avoid irreparable harm by, among other things, preserving and maintaining the going concern value of the Debtors’ businesses.

  • A number of characters, through their actions and/or words, elicit fairly passionate responses from Montag.

  • The DIP Debtors shall bejointly and severally liable for the DIP Obligations.

  • This was a factor that seemed also to be important for Abba Co. Many companies in both B2C and B2B have during the past years brought up the sustainability tab to com- pany website’s front page.

  • For these reasons and as stated below, the DIP Debtors have determined to enter into the DIP Credit Agreement for the Replacement DIP Facility.

  • Aiah Foday-Khabenje, AEA General Secretary Association of Evangelicals in Africa, Relief and Development Commission (ARDC) Report To The General Assembly Meeting The Relief and Development Commission, with the secretariat in Uganda, implements interventions that take consideration of the diversity and uniqueness of communities in addition to developing meaningful collaborative partnerships with other agencies which share the same concerns of the commission and AEA at large.

  • The DIP Debtors’ use of any of the proceeds of the DIP Loans or any Cash Collateral of the Prepetition Secured Parties to pay any costs of administration of these Cases, including for the avoidance of doubt, payment of any portion of the Debtors’ or the Creditors’ Committee’s professional fees allocable to Debtors that are not DIP Debtors, is subject to all parties’ reservation of rights with respect to the allocation of such payments among the Debtors.

  • The DIP Debtors seek authorization to borrow up to $1.5 billion under the DIP Credit Agreement, consisting of (a) a senior secured superpriority term loan facility in an aggregate principal amount of $1.25 billion (the “ Closing Date Term LoanCommitment”), and (b) a superpriority delayed draw term loan in an aggregate principal amount of up to $250 million (the “Delayed Draw Term Loan Commitment” and, together with the Closing Date Term Loan Commitment, the “DIP Commitments”).


More Definitions of DIP Debtors

DIP Debtors means, collectively, the DIP Borrower and the DIP Guarantors.
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Related to DIP Debtors

  • Reorganized Debtors means the Debtors on and after the Effective Date.

  • Debtors has the meaning set forth in the Recitals.

  • Prepetition means arising or accruing prior to the Petition Date.

  • Prepetition Collateral shall have the meaning provided in Section 3.1(b).

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • DIP Motion means a motion to be filed by the Debtors with the Bankruptcy Court seeking Bankruptcy Court approval of the DIP Facility, which motion shall be consistent in all material respects with this Agreement and otherwise in form and substance reasonably acceptable to the Requisite Parties.

  • DIP Facility Claims means all Claims held by the DIP Facility Agent and the DIP Facility Lenders pursuant to the DIP Facility Agreements and the Final DIP Order.

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • DIP means debtor-in-possession.

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

  • Reorganized Debtor means a Debtor, or any successor or assign thereto, by merger, consolidation, or otherwise, on and after the Effective Date.

  • DIP Documents means the DIP ABL Documents and the DIP Term Loan Documents.

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

  • Prepetition Lenders means those lenders party to the Prepetition Credit Agreement from time to time.

  • DIP Claims means, collectively, the DIP ABL Claims and the DIP Term Loan Claims.

  • Superpriority Claim means a claim against the Borrower and any Guarantor in any of the Cases which is an administrative expense claim having priority over any or all administrative expenses of the kind specified in Sections 503(b) or 507(b) of the Bankruptcy Code.

  • Prepetition Loan Documents means the “Loan Documents” as defined in the Prepetition Credit Agreement.

  • DIP Facility Documents means the DIP Credit Agreement and any other documents and agreements entered into in connection with the DIP Credit Agreement or the incurrence of the DIP Facility and any orders of the Bankruptcy Court related thereto or entered in connection therewith.

  • Other Priority Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

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

  • Secured Claims means Claims held by “secured creditors” as defined in the CCAA, including Construction Lien Claims, to the extent of the Allocated Value of the Property securing such Claim, with the balance of the Claim being a Deficiency Claim, and amounts subject to section 6(6) of the CCAA;

  • Postpetition means arising or accruing on or after the Petition Date and before the Effective Date.

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.

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

  • DIP Facility Claim means a Claim arising under or as a result of the DIP Facility.