Examples of DIP Fee Letter in a sentence
Borrower shall pay to Agent the other fees and amounts set forth in the DIP Fee Letter in the amounts and at the times specified therein.
For the avoidance of doubt, only the Backstop Lenders are entitled to their pro rata share of the backstop fee (as described in the DIP Fee Letter).
In exchange for each Backstop Lender’s Backstop DIP Commitment, each such Backstop Lender shall be entitled to a backstop fee equal to 3.00% on the entire Backstop DIP Commitments as set forth in the DIP Fee Letter (as such term is defined in the Term DIP Credit Agreement).
The Borrowing Agent agrees to pay to the Administrative Agent such fees in the amounts and at the times specified as may be agreed to in writing from time to time by Holdings or any of its Subsidiaries and the Administrative Agent (including, without limitation, all amounts owing under the Administrative Agent Fee Letter and the DIP Fee Letter).
The Borrowing Agent agrees to pay to the Lenders such fees in the amounts and at the times specified as may be agreed to in writing from time to time by Holdings or any of its Subsidiaries and the Required Lenders (including, without limitation, all amounts owing under the Administrative Agent Fee Letter and the DIP Fee Letter).
The DIP Fee Letter contains confidential commercial information concerning the terms of a commercial contract between the Debtors and the DIP Agent.
A redacted version of the DIP Fee Letter is annexed hereto as Exhibit B.
The Administrative Agent shall have received (i) this Agreement, executed and delivered by the Borrowers, Holdings, and each Subsidiary Guarantor and each Person listed on Schedule I, (ii) the Term DIP Security Agreement, executed and delivered by each Loan Party party thereto, (iii) the Administrative Agent Fee Letter and DIP Fee Letter, and (iv) the Intercompany Note executed and delivered by each Loan Party party thereto.
The Refining Debtors are hereby authorized to execute, enter into and perform all obligations under the DIP Documents, the DIP Agent Fee Letter and the DIP Fee Letter.
The Debtors therefore submit that good cause exists to authorize the Debtors to file the Engagement Letter and the DIP Fee Letter under seal because of the harm that would ensue if the sensitive and confidential commercial information contained in the Engagement Letter and the DIP Fee Letter became public information.