Examples of DIP Documents in a sentence
The DIP Lenders are entitled to be indemnified and held harmless for certain liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements with respect to the execution, delivery, enforcement, performance, preservation of rights and administration of the DIP Documents, and to other indemnification provisions as more particularly described in the DIP Agreement.
In the event of any inconsistency between the terms and conditions of the DIP Documents and this Final Order, the provisions of this Final Order shall govern and control.28.
The DIP Agent and DIP Lenders shall have no obligation to make any loan or advance under the DIP Documents, unless all of the conditions precedent to the making of such extension of credit under the DIP Documents and this Final Order have been satisfied in full or waived by the DIP Lenders in their sole discretion.
Until the DIP Termination Date (as defined herein), the Debtors are hereby authorized on a final basis to request extensions of credit (in the form of loans) up to an aggregate principal amount of $5 million at any one time outstanding, subject to terms and conditions set forth in the DIP Documents and this Final Order.
The terms and conditions of the DIP Facility and the DIP Documents, and the fees paid and to be paid thereunder, are fair, reasonable, and the best available to the Debtors under the circumstances, reflect the Debtors’ exercise of prudent business judgment consistent with their fiduciary duties, and are supported by reasonably equivalent value and consideration.