Examples of DIP Facility Lender in a sentence
Moreover, under the DIP Credit Agreement (defined below), the Debtors have agreed to indemnify the DIP Facility Agent and each DIP Facility Lender (defined below).
Notes Claims, held or asserted by the Plan Support Party Releasees or the DIP Facility Lender Releasees; provided, however, that none of the Debtor Releasees, the Litigation Trust or the Litigation Trustee will pursue affirmative recovery from any of the Plan Support Party Releasees or the DIP Facility Lender Releasees in connection with such a defense, offset, or recoupment.
A Secured Hedge Claim will only be treated as an Other Secured Claim if held by a party who is not a DIP Facility Lender.
On the Effective Date (or as soon thereafter as is practicable) the DIP Facility Lender shall receive, in full satisfaction, settlement, release, and discharge of, and in exchange for, the Allowed DIP Facility Claims, (a) Cash paid from Available Cash in an amount equal to all then outstanding accrued interest owing under the DIP Facility and (b) Reorganized KDI Class A1 Common Stock representing 10.71% of the issued and outstanding Reorganized KDI Interests, on an as converted basis.
On the Effective Date, any DIP Letters of Credit outstanding shall be replaced, returned to the issuing DIP Facility Lender, or collateralized with cash or backstopped with new letters of credit in accordance with the terms of the applicable DIP Letter of Credit and the DIP Facility Documents.
Assignments must be in a minimum amount of $1 million (or, if less, the remaining commitments and/or DIP Loans of any assigning DIP Facility Lender) and are subject to the consent of the Company and the DIP Facility Administrative Agent, except, in each case, with respect to any assignment to a DIP Facility Lender, an affiliate of such a DIP Facility Lender or a fund engaged in investing in commercial loans that is advised or managed by such a DIP Facility Lender.
DIP Facility Claims shall be Allowed Claims under the Plan in the aggregate amount equal to all obligations under the DIP Facility outstanding as of the Effective Date, as agreed to by the Debtor and the DIP Facility Lender, or, in the event of a dispute regarding such amount, as such amount has been determined by a Final Order of the Bankruptcy Court.
On the Effective Date, in full satisfaction of the DIP Facility Claim, the DIP Facility Lenders shall receive (i) cash in an amount equal to the then outstanding amount of such DIP Facility Claim (including all accrued and all unpaid interest, fees and expenses) plus (ii) a comprehensive release of claims from the Debtors and in favor of each DIP Facility Lender.
By: Name: Title: SILICON GRAPHICS WORLD TRADE CORPORATION By: Name: Title: Schedule 1 DIP Facility Lender Commitment [DIP LENDER] $ [XXXX ] [DIP LENDER] $ [XXXX ] [DIP LENDER] $ [XXXX ] Total: $ 70,000,000.00 Schedule 2 Potential $130,000,000 Replacement DIP Facility Lender Commitment [DIP LENDER] $ [XXXX ] [DIP LENDER] $ [XXXX ] [DIP LENDER] $ [XXXX ] Total: $ 85,000,000.00 Appendix I SILICON GRAPHICS, INC.
Enrichment Corp itself may be forced to discontinue acting as the DIP Facility Lender.