DIP Loan Documents definition
Examples of DIP Loan Documents in a sentence
The ability of the Debtors to obtain sufficient working capital and liquidity under the DIP Loan Documents is vital to the Debtors’ estates and creditors.
The DIP Loan Documents and all DIP Obligations shall represent, constitute and evidence, as the case may be, valid and binding obligations of the Debtors, enforceable against the Debtors, their estates and any successors thereto in accordance with their terms.
The Debtors are hereby authorized and directed to enter into, execute, deliver, and perform all obligations under the DIP Loan Documents.
The Debtors shall continue to maintain all property, operational and other insurance as required and as specified in the DIP Loan Documents.
For the avoidance of doubt, the fees and expenses of the DIP Agent’s and DIP Lenders’ professionals do not constitute Professional Fee Claims and shall be paid in accordance with and pursuant to the DIP Loan Documents.