DIP Facility definition

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 Facility has the meaning assigned to such term in the recitals hereto.

DIP Facility means that certain debtor-in-possession credit facility created under the DIP Credit Agreement.

Examples of DIP Facility in a sentence

• The DIP Facility provides the Applicants with access to liquidity needed to finance their operations and working capital requirements while they pursue the sale of the business through the SISP.

• The Proposed Monitor has prepared a summary upon which its review of the proposed DIP Facility was based (the “ Comparative DIP Summary”), a copy of which is attached as Appendix “B”.

• The interest rate in the DIP Facility Agreement is below the mean interest rate observed and summarized in the Comparative DIP Summary.

• The Proposed Monitor therefore recommends the approval of the DIP Facility Agreement.

• Accordingly, the Proposed Monitor is satisfied that the terms of the DIP Facility Agreement do not appear to materially prejudice other lenders or financial stakeholders.

More Definitions of DIP Facility

DIP Facility as defined in the recitals to this Agreement.

DIP Facility means any postpetition debtor-in-possession credit facility provided to the Debtors during the Chapter 11 Cases pursuant to the DIP Facility Agreement.

DIP Facility means the $500,000,000 superpriority senior secured credit facility provided by the DIP lenders pursuant to the DIP Credit Agreement.

DIP Facility means that certain debtor-in-possession financing facility to be provided to the Company Parties in accordance with the terms, and subject in all respects to the conditions, as set forth in this Agreement, and pursuant to the terms and conditions of the DIP Facility Term Sheet and the DIP Orders.

DIP Facility means the financing facility and letter of credit facility entered into by the Debtors pursuant to the DIP Facility Agreements.

DIP Facility means that certain debtor-in-possession senior, secured credit facility entered into pursuant to the DIP Credit Agreement.

DIP Facility means the multiple-draw term-loan credit facility with aggregate DIP Commitment of $70,000,000, as approved by the DIP Order.