DIP Financing Cap definition
DIP Financing Cap means $125,000,000.
DIP Financing Cap means, as of any date of determination, the sum of (a) 115% of the Senior Term Loan Cap then in effect, plus (b) the greatest of (i) the Senior Revolving Loan Cap then in effect, (ii) 115% of the then current Borrowing Base (as defined in the Senior Revolving Credit Agreement as in effect on the date hereof), and (iii) 115% of the aggregate principal balance of the Senior Revolving Obligations, plus (without duplication) the aggregate face amount of all letters of credit, then outstanding on the date of commencement of the applicable Insolvency Proceeding.
DIP Financing Cap means 115% of the aggregate amount of Priority Lien Debt permitted to be outstanding from time to time.