Examples of DIP Lenders and Committee Stipulation in a sentence
The Debtors have not agreed to incorporate certain provisions of the DIP Lenders and Committee Stipulation into the Plan.
In particular, the DIP Lenders and Committee Stipulation provides that any funds to be distributed to the Committee under the DIP Lenders and Committee Stipulation, in the sole discretion of the Committee, shall either be used to fund distributions to general unsecured creditors or to fund a litigation trust (the “Litigation Trust”), to the extent one may be created and approved by the Court, to be controlled solely by the Committee or such subsequently appointed litigation trustee, as applicable.
Despite having previously reserved its rights to challenge the amount of the Prepayment Premium, the Committee’s ability to challenge is now subject to the DIP Lenders and Committee Stipulation.
In other words a psychopath “Ayoola is inconsiderate and selfish and reckless, but her welfare is and always has been my responsibility”(Braithwaite 88).
The DIP Lenders do not believe that by virtue of the DIP Lenders and Committee Stipulation the DIP Lenders have agreed to be impaired.
The DIP Lenders and Committee Stipulation Pursuant to the DIP Lenders and Committee Stipulation [Docket No. 611], the Plan incorporates the material terms of this sharing mechanic and provides a settlement of claims arising under the First Lien Credit Agreement and forms the consideration for the General Unsecured Claims Amount to be held in the General Unsecured Claims Cash Pool Account.
The DIP Lenders and Committee Stipulation Pursuant to the DIP Lenders and Committee Stipulation [Docket No. 611], the Plan incorporates the material terms of this sharing mechanic and provides a settlement of claims arising under the First Lien Credit Agreement andforms the consideration for the General Unsecured Claims Amount to be held in the General Unsecured Claims Cash Pool Account.
Any disputes between the DIP Lenders and the Committee regarding the DIP Lenders and Committee Stipulation shall be fully and conclusively resolved as stated herein and pursuant to the terms of the Plan.