DIP Lenders definition

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

Examples of DIP Lenders in a sentence

Under the APP, the Debtors paid expenditures in accordance with a budget negotiated with their postpetition secured lenders (collectively, the "DIP Lenders") for the consensual use of cash collateral to complete the orderly wind down of the integrated steel business, which budget was approved by the Court on December 18, 2001 and subsequently amended from time to time (the "APP Budget").

Consequently, the Debtors have no remaining obligation to the DIP Lenders.

The Administrative Agent shall promptly notify the Loan Parties and the DIP Lenders of the effectiveness of this Amendment, and such notice shall be conclusive and binding on all parties hereto.

The DIP Agent and the DIP Lenders shall take all actions to effectuate and confirm such termination, release, and discharge as reasonably requested by the Debtors or the Reorganized Debtors, as applicable.

Accordingly, the Court should find that the DIP Lenders are “good faith” lenders within the meaning of section 364(e) of the Bankruptcy Code and are entitled to all of the protections afforded by that section.

More Definitions of DIP Lenders

DIP Lenders means the lenders under the DIP Credit Agreement.
DIP Lenders means the lenders from time to time party to the DIP Facility.
DIP Lenders means, collectively, the DIP ABL Lenders and the DIP Term Loan Lenders.
DIP Lenders means “DIP Lenders” as defined in the DIP Order.