Examples of DIP Term Loan Agreement in a sentence
In addition, on the Effective Date, the 3% exit fee under the DIP Term Loan Agreement shall be paid to the DIP Roll Up Lenders.
Subject to the terms and conditions set forth herein each Junior Loan Lender agrees, severally and not jointly, that the outstanding Junior Loans (as defined in the Existing DIP Term Loan Agreement) immediately prior to giving effect to this Agreement in an amount equal to the amount set forth opposite such Junior Loan Lender’s name on Schedule 2.01(b) hereto are hereby exchanged for Junior Loans and deemed borrowed hereunder (the “Junior Loans”).
In addition, on the Effective Date, the 3% exit fee under the DIP Term Loan Agreement will be paid to the DIP Roll Up Lenders.
Nothing in the Plan or the Confirmation Order shall modify or derogate from, or be deemed to modify or derogate from, any order (whether preliminary, interim, final or otherwise and including, without limitation, the Final DIP Order) approving the DIP ABL Credit Agreement, the DIP Term Loan Agreement and/or the transactions contemplated therein.
In that event, on the Effective Date, the 3% exit fee under the DIP Term Loan Agreement will be paid to the DIP Roll Up Lenders.In addition, if a majority in the aggregate amount of Claims in Class 3 and Class 4 together vote in favor of the Plan, the guarantees made by, and liens on account of the DIP Roll-Up Claims and Senior Secured Claims against, the Obligor Non-Debtors will be released pursuant to the terms of the Senior Secured Credit Agreement.