DIP Loan Parties definition

DIP Loan Parties has the meaning ascribed to the term “Loan Parties” in the DIP Agreement.
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DIP Loan Parties means Borrower and each Guarantor; and each, a “ DIP Loan Party ”.
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DIP Loan Parties means the borrowers and guarantors party to the DIP Credit
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Examples of DIP Loan Parties in a sentence

  • The DIP Loan Parties shall be jointly and severally liable for the DIP Obligations.

  • The access of the DIP Loan Parties to sufficient working capital and liquidity through the use of Cash Collateral and other Prepetition Collateral, incurrence of new indebtedness under the DIP Documents and other financial accommodations provided under the DIP Documents are necessary and vital to the preservation and maintenance of the going concern values of the DIP Loan Parties and to a successful reorganization of the DIP Loan Parties.

  • The DIP Loan Parties shall continue to maintain and insure the Prepetition Collateral and DIP Collateral in amounts and for the risks, and by the entities, as required under the Prepetition Credit Facilities and the DIP Documents.

  • The Debtor DIP Loan Parties shall not sell, transfer, lease, encumber or otherwise dispose of any portion of the DIP Collateral, except as otherwise provided for in the DIP Documents or otherwise permitted by an order of the Court.

  • If no written objection is received by 12:00 p.m., prevailing Eastern Time, on the end date of the Review Period, the Debtor DIP Loan Parties shall pay such invoices within three (3) calendar days.

  • If an objection to a professional’s invoice is received within the Review Period, the Debtor DIP Loan Parties shall promptly pay the undisputed amount of the invoice and this Court shall have jurisdiction to determine the disputed portion of such invoice if the parties are unable to resolve the dispute consensually.

  • The Debtor DIP Loan Parties desire to use a portion of the cash, rents, income, offspring, products, proceeds and profits described in the preceding paragraph in their business operations that constitute Cash Collateral of the Prepetition Secured Parties under section 363(a) of the Bankruptcy Code.

  • Moreover, nothing herein shall prejudice the rights of any party-in-interest, including, but not limited to, the Debtor DIP Loan Parties, the DIP Agent, the DIP Secured Parties, the Prepetition Agent, or the Prepetition Secured Parties to challenge the validity, priority, enforceability, seniority, avoidability, perfection, or extent of any alleged Permitted Prior Lien and/or security interests.

  • Until such time that the Stay Relief Motion has been adjudicated by the Court the Debtor DIP Loan Parties may use the proceeds of the DIP Facility (to the extent drawn prior to the occurrence of Event of Default) or Cash Collateral to fund operations in accordance with the DIP Credit Agreement and the Approved Budget (subject to permitted variances).

  • To the extent permitted by the DIP Documents, the DIP Loan Parties are authorized to renew letters of credit issued under the DIP Documents on an uninterrupted basis and to take all actions reasonably appropriate with respect thereto on an uninterrupted basis.


More Definitions of DIP Loan Parties

DIP Loan Parties means Borrower and each Guarantor; and each, a “DIP Loan Party”.
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Related to DIP Loan Parties

  • U.S. Loan Parties means the U.S. Borrowers and the U.S. Guarantors.

  • Canadian Loan Parties means the Canadian Borrower and the Canadian Guarantors.

  • Loan Parties means, collectively, the Borrower and each Guarantor.

  • Credit Parties means the Borrower and the Guarantors.

  • Domestic Loan Parties means, collectively, the Company and the Guarantors.

  • DIP Loan Documents means, collectively, the DIP Credit Agreement and all other agreements, documents, and instruments delivered or entered into in connection therewith, including any guarantee agreements, pledge and collateral agreements, intercreditor agreements, subordination agreements, fee letters, and other security documents.

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” as defined in the Second Lien Credit Agreement.

  • Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.

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

  • Second Lien Secured Parties means the Indenture Second Lien Secured Parties and the Additional Second Lien Secured Parties.

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

  • DIP Lender means a lender under the DIP Facility.

  • Borrower Loan Documents shall have the meaning given such term in the Borrower Loan Agreement.

  • UK Loan Party means any Loan Party incorporated under the laws of England and Wales.

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

  • Term Loan Secured Parties means the “Secured Parties” as defined in the Term Loan Credit Agreement.

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

  • Borrower Parties means the collective reference to the Borrower and its Restricted Subsidiaries, and “Borrower Party” means any one of them.

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

  • Prepetition Secured Parties means the “Secured Parties” under, and as defined in, the Prepetition Credit Agreement, in each case as amended, modified or supplemented through the Petition Date.

  • Borrower Loan Agreement means this Borrower Loan Agreement.

  • Lender Parties means the Lenders and the Administrative Agent.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrowers, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent.

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

  • Canadian Loan Party means any Loan Party organized under the laws of Canada or any province or territory thereof.

  • Note Parties means, collectively, the Company and each Guarantor.