Examples of DIP Loans in a sentence

Mr. Almoney, who is originally from Pennsylvania, was the Sport Fields and Programs Manager with Provo City for twelve years.
Accordingly, the interest rate will fluctuate based on the movement of the Alternate Base Rate or LIBOR through the term of the DIP Loans.
In order to effect efficient distributions of the Priority Exit Facility, the DIP Agent shall have reasonable discretion to impose a halt on assignments of the Lender DIP Loans as of a date no earlier than three days before the anticipated Effective Date.
For all purposes other than funding of the New Money DIP Loans on the Closing Date, the aggregate outstanding principal balance of the New Money DIP Loans funded on the Closing Date immediately after giving effect to the borrowing of the New Money DIP Loans on the Closing Date and the amount of the New Money DIP Loans to be repaid hereunder shall be the aggregate amount borrowed under Section 2.1(a).
DIP Loans are made to companies that have experienced, or are experiencing, significant financial or business difficulties such that they have become subject to bankruptcy or other reorganisation and liquidation proceedings and thus involve additional risks.

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 “Loans” under and as defined in the DIP Credit Agreement made by the DIP Lenders to the Borrower pursuant to the DIP Credit Agreement that are outstanding immediately prior to the Effective Date.

DIP Loans shall have the meaning assigned 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 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.