DIP Loans definition

DIP Loans means the loans under the DIP Facility.

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DIP Loans has the meaning ascribed to the term “Loans” in the DIP Agreement.

DIP Loans means the postpetition financing provided by the DIP Lenders on the terms and conditions set forth in the DIP Order and to be set forth in DIP Order No. 2.

Examples of DIP Loans in a sentence

• The parties hereto acknowledge and agree that on the Effective Date, any accrued and unpaid interest (other than, for the avoidance of doubt, the Specified Default Interest (as defined in the Prepackaged Plan) and fees due in respect of the DIP Loans, the Pre-Petition Loans and the Existing Letters of Credit) shall be deemed to constitute Indebtedness.

• The DIP Credit Agreement will contain conditions precedent to the effectiveness of the DIP Loan Documents and the availability of the DIP Loans at each applicable draw determined in accordance with the Documentation Principles, the satisfaction (or waiver) of which conditions precedent shall be determined by the Required DIP Commitment Parties (in connection with the Closing and the Initial Draw) or the Required DIP Lenders (in connection with any subsequent DIP Draw).

• At all times prior to the occurrence of an Event of Default (as defined below), interest on the DIP Loans shall accrue at a per annum rate equal to 18%; provided, that (i) the portion of such interest accruing at a per annum rate equal to 10% shall be payable in cash (“Cash Interest Rate”) and (ii) the portion of such interest accruing at a per annum rate equal to 8% shall be payable in kind.

• Assignments must be in a minimum amount to be mutually agreed (or, if less, the remaining commitments and/or DIP Loans of any assigning DIP Lender) and are subject to the consent of the Company (absent a continuing Event of Default) and the Administrative Agent, except, in each case, with respect to any assignment to a DIP Lender, an affiliate of such a DIP Lender or a fund engaged in investing in commercial loans that is advised or managed by such a DIP Lender.

• This Agreement may not be amended, modified or supplemented except upon the execution and delivery of a written agreement executed by the duly authorized representative or officer of each of the Parties and, with respect to any of the provisions affecting the DIP Agent, the DIP Loans, the DIP Letters of Credit, the Hedging Agreements and any of the DIP Documents, the duly authorized representative or officer of the DIP Agent.

More Definitions of DIP Loans

DIP Loans means the loans provided under the DIP Facility, which shall be converted into New Common Stock on the Effective Date in accordance with Article II.B. of the Prepackaged Plan.

DIP Loans means the $8 million in term loans to be provided pursuant to the DIP Credit Agreement.

DIP Loans means the Replacement DIP Loans.

DIP Loans has the meaning ascribed to such term in Section 2.01(a).

DIP Loans means the “Term Loans” as defined in the DIP Credit Agreement.

DIP Loans means the loans advanced pursuant to the DIP Credit Agreement.

DIP Loans means the post-petition financing provided by the DIP Lender on the