DIP Lender Professionals definition

DIP Lender Professionals means Kramer Levin Naftalis & Frankel LLP, Akin Gump LLP, Porter Hedges LLP, Watson Farley & Williams LLP and Houlihan Lokey, Inc., and, to the extent the Required DIP Lenders deem necessary, one local counsel to the DIP Lenders and the DIP Agent, taken as a whole, in each relevant jurisdiction (other than any Excluded Jurisdictions). For the avoidance of doubt, DIP Lender Professionals shall not include Quinn Emanuel Urquhart & Sullivan, LLP or any other counsel or advisors in connection with any Noteholder Litigation.
DIP Lender Professionals means Kxxxxx Xxxxx Xxxxxxxx & Fxxxxxx LLP, Axxx Gxxx LLP, Pxxxxx Xxxxxx LLP, Wxxxxx Xxxxxx & Wxxxxxxx LLP and Hxxxxxxx Lxxxx, Inc., and, to the extent the Required DIP Lenders deem necessary, one local counsel to the DIP Lenders and the DIP Agent, taken as a whole, in each relevant jurisdiction (other than any Excluded Jurisdictions). For the avoidance of doubt, DIP Lender Professionals shall not include Qxxxx Exxxxxx Xxxxxxxx & Sxxxxxxx, LLP or any other counsel or advisors in connection with any Noteholder Litigation.
DIP Lender Professionals means (i) Brown Rudnick, Ashby & Geddes, and GLC, together witx xxx xxxxx xdvxxxx retxxxxx at the direction of the Required DIP Lenders together with (ii) for each DIP Lender, one outside law firm (or, at the election of the relevant DIP Lender, in its sole discretion, its in house counsel).

Examples of DIP Lender Professionals in a sentence

  • The Allowed Secured Claim of GAHC3 DIP Lender consisting of all unpaid principal, accrued but unpaid interest, fees (including, but not limited to, any forbearance fees), costs, expenses, Allowed Professional Fee Claims of the GAHC3 DIP Lender Professionals, and all other amounts due and owing under and pursuant to the DIP Loan Agreement, the DIP Order, the GAHC3 Cash Collateral Stipulation and applicable law.

  • Any and all fees, costs, and expenses paid prior to the Petition Date by any of the Debtors to the DIP Agent, the other DIP Secured Parties, the DIP Lender Professionals or any other Lender Professionals, in connection with or with respect to the DIP Facility are hereby approved in full and shall not be subject to avoidance, disgorgement or any similar form of recovery by the Debtors or any other person.

  • Notwithstanding the foregoing, the Debtors are authorized and directed to pay on the Closing Date, all fees and expenses of the DIP Lender Professionals and all adequate protection fees and expenses incurred under this paragraph 21(b) and/or under paragraph 4(c) (without duplication) on or prior to such date without the need for any applicable professional to first deliver a copy of its invoice or other supporting documentation.

  • Any incurrence or payment by any of the DIP Loan Parties of expenses other than as set forth in the then-Approved Budget (subject to the Permitted Variance) shall constitute an Event of Default; provided that disbursements to the DIP Lender Professionals shall not be included or otherwise considered for such variance testing.

  • Each budget delivered to the DIP Agent, the DIP Lenders, the ABL Loan Agents or the ABL Loan Lenders shall be accompanied by such supporting documentation as reasonably requested by the DIP Agent, the DIP Lenders, the DIP Lender Professionals, the ABL Loan Agents and/or the ABL Loan Lenders, and shall be prepared in good faith, with due care and based upon assumptions the Debtors believe to be reasonable.

  • For the avoidance of doubt, no amendment, modification or update to an Approved Budget shall be effective without the approval of (i) the Required DIP Lenders or the DIP Lender Professionals, or (ii) the Required ABL Lenders.


More Definitions of DIP Lender Professionals

DIP Lender Professionals means Kramer Levin Naftalis & Frankel LLP, Akin Gump LLP, Porter Hedges LLP, and Houlihan Lokey, Inc., one maritime counsel to the DIP Lenders and the DIP Agent, taken as a whole, and, to the extent the Required DIP Lenders deem necessary, one local counsel to the DIP Lenders and the DIP Agent, taken as a whole, in each relevant jurisdiction (other than any Excluded Jurisdictions).
DIP Lender Professionals means Cleary Gottlieb Steen & Hamilton LLP, as legal advisors to the DIP Lender.

Related to DIP Lender Professionals

  • Agent Professionals means attorneys, accountants, appraisers, auditors, environmental engineers or consultants, and other professionals and experts retained by the Administrative Agent.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Professionals means those Persons (a) employed pursuant to an order of the Bankruptcy Court in accordance with Sections 327 or 1103 of the Bankruptcy Code and to be compensated for services pursuant to Sections 327, 328, 329, 330 and 331 of the Bankruptcy Code, or (b) for which compensation and reimbursement has been allowed by the Bankruptcy Court pursuant to Section 503(b)(4) of the Bankruptcy Code.

  • Prepetition Lenders means the lenders party to the Prepetition Credit Agreement.

  • DIP Lender means a lender under the DIP Facility.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Administrative Agent-Related Persons means Administrative Agent (including any successor agent), together with its Affiliates and the officers, directors, employees, agents and attorneys-in-fact of such Persons and Affiliates.

  • Ad Hoc Committee means a special purpose committee of limited duration, appointed by Council to consider a specific matter and which is dissolved automatically upon submitting its final report to Council, unless otherwise directed by Council.

  • DIP Agents means the DIP ABL Agent and the DIP Term Loan Agent.

  • Lender Group Representatives has the meaning specified therefor in Section 17.9 of the Agreement.

  • DIP Agent means the administrative agent for the DIP Lenders as defined in the DIP Credit Agreement.

  • Professional Fee Claims means all Administrative Claims for the compensation of Professionals and the reimbursement of expenses incurred by such Professionals through and including the Effective Date to the extent such fees and expenses have not been paid pursuant to the Interim Compensation Order or any other order of the Bankruptcy Court. To the extent the Bankruptcy Court denies or reduces by a Final Order any amount of a Professional’s requested fees and expenses, then the amount by which such fees or expenses are reduced or denied shall reduce the applicable Professional Fee Claim.

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • First Lien Administrative Agent means the “Administrative Agent” as defined in the First Lien Credit Agreement.

  • Professional Fees means amounts billed or to be billed to a client for legal services provided or to be provided to the client by the lawyer or the lawyer’s firm;

  • DIP means debtor-in-possession.

  • Prepetition Loan Documents means the “Loan Documents” as defined in the Prepetition Credit Agreement.

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • Professional Fee Claim means a Claim by a professional seeking an award by the Bankruptcy Court of compensation for services rendered or reimbursement of expenses incurred through and including the Confirmation Date under sections 330, 331, 503(b)(2), 503(b)(3), 503(b)(4), or 503(b)(5) of the Bankruptcy Code.

  • First Lien Credit Documents means the “Credit Documents” as defined in the First Lien Credit Agreement.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • Prepetition means arising or accruing prior to the Petition Date.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • Prepetition Agent means Goldman Sachs Bank USA in its capacity as administrative agent and collateral agent under the Prepetition Credit Agreement.

  • DIP Facilities means the DIP ABL Facility and the DIP Term Loan Facility.