Examples of DIP New Money Loans in a sentence
Signature requests then automatically pop-up on the user’s phone each time he requests access to secure services.
Amounts owed by the Debtors with respect to the DIP New Money Loans rank pari passu with amounts owed under the DIP ABL Facility.
All amounts owed by the Debtors with respect to the DIP Roll-Up Loans will rank junior in priority to the DIP New Money Loans and may, subject to the terms and conditions of the DIP Term Loan Facility and the Final DIP Financing Order, be paid over time after the Effective Date.
As with the opportunity toparticipate in the DIP New Money Loans, the ability to access the DIP Roll-Up Loans is also being made available to all holders of the Notes on a pro rata basis.
The DIPRoll-Up Loans will be junior to the DIP New Money Loans and interest on the DIP Roll-Up Loans will only be payable if and to the extent that, pursuant to applicable law, interest is payable on the Notes.
The DIP Roll-Up was a condition to the Lead Lender’s commitment to provide the DIP New Money Loans.
All postpetition payments from a Debtor to another Debtor under any postpetition Intercompany Transactions authorized hereunder are hereby accorded superpriority administrative expense status under section 503(b) of the Bankruptcy Code, subject only to the Carve-Out, the DIP New Money Loans and adequate protection superpriority claims granted pursuant to any orders authorizing the use of cash collateral (each as defined in the DIP Motion).
Among others, a fee in an amount equal to2.0% of the aggregate principal amount of each borrowing of DIP New Money Loans will be payable as a condition precedent to such borrowing, and each such fee will be deducted and paid directly to the DIP Lenders from the gross proceeds of such borrowing.
Given Ivy’s unique relationship with the Debtors and its prepetition interactions, and regardless of whether Ivy chose to participate in Senior DIP New Money Loans, it was incumbent upon Ivy to object to the proposed DIP financing before the Debtors commenced the Chapter 11 Cases.
There is a Termination Payment of 5.0% on DIP New Money Loans payable at maturity or prepayment of the DIP Facility.