Examples of DIP Guarantors in a sentence
This Note is secured by the LP DIP Collateral and is entitled to the benefits of the guaranties from the LP DIP Guarantors.
All DIP Obligations shall be unconditionally guaranteed, on a joint and several basis, by the DIP Guarantors, as further provided in the DIP Loan Documents.
The Debtors were, by the Interim Order, and hereby are, on a final basis, authorized to borrow the DIP Loans from the DIP Lenders under the DIP Facility (and the DIP Guarantors were, by the Interim Order, and hereby are, on a final basis, authorized to unconditionally guarantee, on a joint and several basis, the repayment of the DIP Facility), subject to the terms and conditions set forth in this Final DIP Order and the DIP Documents.
The DIP Borrower and the DIP Guarantors shall be jointly and severally liable for the DIP Obligations whether or not one or more of them do not execute one of more of the DIP Loan Documents.
No DIP Secured Party shall have any obligation or responsibility to monitor any Debtor’s use of the DIP Facility, and each DIP Secured Party may rely upon the representations of the DIP Borrower and the DIP Guarantors that the amount of the DIP Facility requested at any time and the use thereof are in accordance with the requirements of this Order, the DIP Loan Documents, and Bankruptcy Rule 4001(c)(2).