Examples of DIP Financing in a sentence

Notwithstanding anything else in this Paragraph, if the RCF Representative or other RCF Secured Parties agree to a “carve out” from the RCF Priority Collateral in connection with an RCF DIP Financing, and such “carve out” is senior in lien or payment priority to the liens and claims on account of the RCF Obligations, then the Term Loan Representative and Term Loan Secured Parties agree that such “carve out” will be senior to the liens and claims on account of the Term Loan Obligations to the same extent.
Neither any Second Lien Lender nor any of its Controlled Investment Affiliates may acquire, hold or otherwise the obtain the benefit of any debt, or any lien on the assets, of any borrower or any of its subsidiaries, unless such debt constitutes Second Lien Debt and such lien solely secures the Second Lien Debt subject to the terms of the ICA or such debt (and related lien) constitutes a permitted DIP Financing under the ICA.

More Definitions of DIP Financing

DIP Financing has the meaning set forth in Section 5.2.

DIP Financing has the meaning set forth in Section 11.2(a).

DIP Financing means the obtaining of credit or incurring debt secured by Liens on the Collateral pursuant to section 364 of the Bankruptcy Code (or similar Bankruptcy Law).

DIP Financing means any financing obtained by any Grantor during any Insolvency Proceeding or otherwise pursuant to any Bankruptcy Law, including any such financing obtained by any Grantor under Section 363 or 364 of the Bankruptcy Code or consisting of any arrangement for use of cash collateral held in respect of any Secured Obligation under Section 363 of the Bankruptcy Code or under any similar provision of any Bankruptcy Law.

DIP Financing means any post-petition financing under Section 364 of the Bankruptcy Code or any comparable provision of any other Bankruptcy Law.

DIP Financing as defined in Section 6.1.