Examples of DIP Financing Conditions in a sentence
This Agreement constitutes a “DIP Financing” for the purposes of and as defined in the First Lien/Second Lien Intercreditor Agreement, and satisfies the DIP Financing Conditions (as defined in the First Lien/Second Lien Intercreditor Agreement).
If such ABL DIP Financing meets all of the applicable ABL DIP Financing Conditions, the Term Loan Representative agrees, on behalf of itself and the other Term Loan Secured Parties that it shall not object to such ABL DIP Financing in its capacity as a secured creditor (but the foregoing does not restrict the Term Loan Representative from protecting its rights and claims as an unsecured creditor).
If such ABL DIP Financing meets all of the applicable ABL DIP Financing Conditions, each Term Loan Representative agrees, on behalf of itself and the other Term Loan Secured Parties that it represents that it shall not object to such ABL DIP Financing in its capacity as a secured creditor (but the foregoing does not restrict any Term Loan Representative from protecting its rights and claims as an unsecured creditor).
If such ABL Cash Collateral use or ABL DIP Financing, as applicable, meets some, but not all, of the applicable ABL DIP Financing Conditions, then the Term Agent unconditionally agrees that it will only withhold its consent to such ABL Cash Collateral use and will only raise an objection to such ABL DIP Financing based upon the ABL DIP Financing Condition(s) which are not met and will not withhold its consent or object on any other basis.
If such DIP Financing meets some but not all of the applicable DIP Financing Conditions, then Required Last Out Holders may direct Last Out Representative to object only with respect to the DIP Financing Condition(s) which are not met.