DIP Required Lenders definition

DIP Required Lenders means the “Required Lenders” as defined in the DIP Credit Agreement.
Sample 1Sample 2Sample 3
DIP Required Lenders means the “Required Lenders” as defined in the DIP Agreement.
Sample 1Sample 2Sample 3
DIP Required Lenders means “Required Lenders” as defined in the DIP Credit Agreement.
Sample 1Sample 2Sample 3

Examples of DIP Required Lenders in a sentence

  • On the Effective Date, the Debtors, at the option of the DIP Agent, acting at the direction of the DIP Required Lenders, shall: (a) repay or refinance all DIP Claims in full via the Exit Facility; (b) roll the DIP Claims into the Exit Facility; or (c) satisfy the DIP Claims with New Equity Interests of Reorganized Remora Operating in a percentage agreed to by the DIP Agent and First Lien Agent and to be issued Pro Rata to the DIP Lenders.

  • Pursuant to Federal Rule of Bankruptcy Procedure 9019(a), each of the Debtors or Reorganized Debtors (with the consent of the DIP Agent and First Lien Agent, acting at the direction of the DIP Required Lenders and First Lien Required Lenders, respectively) may compromise and settle various Claims against it and/or claims it may have against other Entities.

  • Each of the conditions set forth in Articles 10.1 and 10.2 above, other than as set forth in Articles 10.1(d) and 10.2(a), may be waived in whole or in part by the Debtors with the consent of the DIP Agent and First Lien Agent, acting at the direction of the DIP Required Lenders and First Lien Required Lenders, respectively, without notice, leave or other order of the Bankruptcy Court or any formal action other than proceedings to consummate the Plan.

  • The Debtors may amend or modify this Plan at any time prior to the Confirmation Date, with the consent of the DIP Agent and First Lien Agent, acting at the direction of the DIP Required Lenders and First Lien Required Lenders, respectively.

  • After the Effective Date, such right shall transfer to the Reorganized Debtors (with the consent of the DIP Agent and First Lien Agent, acting at the direction of the DIP Required Lenders and First Lien Required Lenders, respectively) and no Bankruptcy Court approval of any such action, compromise or settlement shall be required.

  • The Debtors reserve the right to include any amended exhibits in the Plan Supplement, whereupon each such amended exhibit shall be deemed substituted for the original of such exhibit, each in form and substance acceptable to the DIP Agent and First Lien Agent, acting at the direction of the DIP Required Lenders and First Lien Required Lenders, respectively.

  • The Debtors’ cash management system shall at all times be maintained (a) in accordance with the terms of the DIP Documents and any order of this Court approving the maintenance of the Debtors’ cash management system and(b) in a manner consistent with this Interim Order and satisfactory to the DIP Required Lenders.

  • The Debtors reserve the right, subject to the consent of the First Lien Agent and DIP Agent, acting at the direction of the DIP Required Lenders and First Lien Required Lenders, respectively, to revoke or withdraw this Plan at any time prior to the Confirmation Date and to file other plans of reorganization.

  • The Debtors shall depositand hold such amounts in a segregated account in a manner reasonably acceptable to the DIP Agent and the DIP Required Lenders in trust to pay such then unpaid Carve Out Obligations (the “Pre-Carve Out Trigger Notice Reserve”) prior to the use of such reserve to pay any otherclaims.

  • The Administrative Expense Bar Date may be extended by the Debtors prior to the Effective Date and by Reorganized Remora Operating after the Effective Date, in each case with the consent of the DIP Agent and the First Lien Agent, acting at the direction of the DIP Required Lenders and the First Lien Required Lenders, respectively.

Related to DIP Required Lenders

  • Required Lenders means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than 50% of the aggregate Revolving Credit Exposures and unused Commitments at such time.

  • Supermajority Lenders means Lenders having (a) 66.67% or more of the Commitments of all Lenders, or (b) if the Commitments have been terminated, 66.67% or more of the aggregate outstanding amount of the Revolving Credit Advances.

  • Requisite Lenders means Lenders having (a) more than 66 2/3% of the Commitments of all Lenders, or (b) if the Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Loans.

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

  • Majority Lenders means a Lender or Lenders whose Commitments aggregate more than sixty six and two thirds per cent (66 2/3%) of the aggregate of all the Commitments.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments that, taken together, represent more than 50% of the sum of (x) all Revolving Facility Loans outstanding, (y) all Revolving L/C Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.

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

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

  • Requisite Term Loan Lenders shall in no event mean less than two Term Loan Lenders.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Required Prepayment Lenders the Majority Facility Lenders in respect of each Facility.

  • Minority Lenders has the meaning provided in SECTION 9.02(c).

  • Supermajority Banks means Banks having more than 75% of the sum of the Aggregate Commitments or, after the Revolving Credit Termination Date, more than 75% of the aggregate Revolving Loans outstanding (including funded participating interests in Swingline Loans).

  • Required Facility Lenders means, as of any date of determination, with respect to one or more Facilities, Lenders having more than 50% of the sum of (a) the Total Outstandings under such Facility or Facilities and (b) the aggregate unused Commitments under such Facility or Facilities; provided that the unused Commitments of, and the portion of the Total Outstandings under such Facility or Facilities held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of the Required Facility Lenders.

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

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.

  • Required Loan Documents means, for each Loan:

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Majority Revolving Lenders at any time, (a) if only one Revolving Lender holds the Total Revolving Commitments at such time, such Revolving Lender, both before and after the termination of such Revolving Commitment; and (b) if more than one Revolving Lender holds the Total Revolving Commitment, at least two Revolving Lenders who hold more than 50% of the Total Revolving Commitments (including, without duplication, the L/C Commitments) or, at any time after the termination of the Revolving Commitments when such Revolving Commitments were held by more than one Revolving Lender, at least two Revolving Lenders who hold more than 50% of the Total Revolving Extensions of Credit then outstanding (including, without duplication, any L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time)); provided that the Revolving Commitments of, and the portion of the Revolving Loans and participations in L/C Exposure and Swingline Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

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

  • Requisite Class Lenders means, at any time of determination (i) for the Class of Lenders having Revolving Loan Exposure, Lenders having or holding more than 50% of the aggregate Revolving Loan Exposure of all Lenders, and (ii) for the Class of Lenders having Term Loan Exposure, Lenders having or holding more than 50% of the aggregate Term Loan Exposure of all Lenders.

  • Majority Facility Lenders with respect to any Facility, the holders of more than 50% of the aggregate unpaid principal amount of the Term Loans or the Total Revolving Extensions of Credit, as the case may be, outstanding under such Facility (or, in the case of the Revolving Facility, prior to any termination of the Revolving Commitments, the holders of more than 50% of the Total Revolving Commitments).