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.