DIP Financing Liens definition

DIP Financing Liens has the meaning assigned to such term in Section 2.05(b).
DIP Financing Liens shall have the meaning assigned to such term in Section 6.01(a).
DIP Financing Liens has the meaning set forth in Section 2.4(b).

Examples of DIP Financing Liens in a sentence

  • ContextA certain number of socio-political, economic or natural events affected the programmes of Central Africa NS and their target beneficiaries during the first half of 2008.

  • If an Equal Priority Secured Party is also a DIP Lender, it shall be entitled to seek DIP Financing Liens in such capacity to secure such DIP Financing in accordance with the Bankruptcy Code.

  • All issued and outstanding DIP Letters of Credit shall be cash collateralized at 103% of the face amount thereof and shall be deemed to be secured by Priority DIP Financing Liens (as defined in the Intercreditor Agreement) and the Cash Collateral advanced as DIP LC Loans under the DIP Facility.

  • The Trustee-Held Funds are not, and shall not be deemed to be, collateral to secure the repayment of the Debtor’s obligations with respect to the DIP Financing, nor shall the Trustee-Held Funds be subject to the DIP Financing Liens granted to the DIP Lender.

  • The Trustee-Held Funds are not, and shall not be deemed to be, collateral to secure the repayment of the Debtors’ obligations with respect to the DIP Financing, nor shall the Trustee-Held Funds be subject to the DIP Financing Liens.


More Definitions of DIP Financing Liens

DIP Financing Liens has the meaning assigned to such term in Section 3.08(b).
DIP Financing Liens has the meaning specified in Section 10.23(e).
DIP Financing Liens has the meaning assigned to such term in Section 12.08.
DIP Financing Liens has the meaning set forth in Section 2.07(b).
DIP Financing Liens shall have the meaning assigned to such term in Section 6.01(b).
DIP Financing Liens has the meaning specified in Section 10.23(e). “DIP Lenders” has the meaning specified in Section 10.23(e). “Director” shall mean a member of the Board of Directors.
DIP Financing Liens shall have the meaning assigned to such term in Section 6.01(a)(ii). “Discharge of First Lien Obligations” shall mean, subject to Sections 7.02 and 7.04, (a) payment in full in cash of the principal of and interest on (including interest accruing during the pendency of any Insolvency or Liquidation Proceeding, regardless of whether allowed or allowable in such Insolvency or Liquidation Proceeding), and premium, if any, on, all Indebtedness outstanding under the First Lien Loan Documents, (b) payment in full of all other First Lien Obligations that are due and payable or otherwise accrued and owing at or prior to the time such principal and interest are paid, (c) cancellation of or the entry into arrangements satisfactory to the First Lien Global Administrative Agent and each applicable issuing bank with respect to all letters of credit issued and outstanding under the First Lien Credit Agreements (any such arrangement in the form of cash collateralization to be in an amount not greater than 105% of the aggregate undrawn face amount of such letters of credit), (d) cancellation of or the entry into arrangements satisfactory to the First Lien Global Administrative Agent and each applicable hedging counterparty with respect to all obligations under Hedging Agreements that constitute First Lien Obligations and (e) termination or expiration of all commitments to lend under the First Lien Credit Agreements. “Disposition” shall mean any sale, lease, exchange, transfer or other disposition. “Dispose” shall have a correlative meaning. “Domestic Subsidiary” shall mean any Subsidiary other than a Foreign Subsidiary. “Equity Interests” shall mean, with respect to any person, shares of the capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity interests in such person, or any warrants, options or other rights to acquire any of the foregoing. “Exercise of a Buy-Out Right” shall have the meaning assigned to such term in Section 3.01(d). “Existing Senior Notes” shall mean the 81/4% Senior Notes due 2015 of the Borrower issued under the Existing Senior Notes Indenture. “Existing Senior Notes Fifth Supplemental Indenture” shall mean the Fifth Supplemental Indenture dated as of June 27, 2008, by and among the Borrower, the Subsidiary Guarantors party thereto and The Bank of New York Mellon Trust Company, N.A., as trustee.