DIP Term Loan Facility definition

DIP Term Loan Facility means that certain $60,000,000 debtor-in-possession financing facility, available pursuant to the terms and conditions of the DIP Term Loan Agreement.

DIP Term Loan Facility means, collectively, the term loan facilities made available to the Borrower pursuant to the DIP Term Loan Agreement and the other DIP Term Loan Facility Documents.

DIP Term Loan Facility means the debtor-in-possession term loan credit facility provided by the DIP Term Loan Agreement, as approved by the DIP Orders and as it may be amended, modified, ratified, extended, renewed, restated or replaced from time to time in accordance with the DIP Term Loan Agreement and the DIP Orders

Examples of DIP Term Loan Facility in a sentence

• The DIP Term Loan Obligations shall be secured by the Collateral, and the respective priorities of the Revolving Credit Facility and the DIP Term Loan Facility (and each facility thereof) with respect to the ABL Priority Collateral and the Term Loan Priority Collateral of the Loan Parties shall be set forth in the New DIP Order and in the Intercreditor Agreement.

• Upon the occurrence and during the continuance of any Event of Default, upon the written election of the Agent, following written direction of the Majority Lenders, interest on the outstanding Obligations in respect of the DIP Term Loan Facility shall accrue at the Default Rate.

• The respective priorities of the DIP ABL Facility, the DIP Term Loan Facility and other parties claiming Liens on all or any part of the Collateral are as set forth in the Interim Order and upon entry by the Bankruptcy Court of the Final Order shall be as set forth therein.

More Definitions of DIP Term Loan Facility

DIP Term Loan Facility means, collectively, (a) the DIP Term Loan Agreement and (b) the related loans, guarantees, pledges, security agreements, and other agreements and documents to be given or issued pursuant to or in connection with, the foregoing. Agreement.

DIP Term Loan Facility means the debtor-in-possession secured term loan credit facility provided to the Debtors by the DIP Term Loan Lenders pursuant to the DIP Term Loan Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Order, as may be amended or modified from time to time.

DIP Term Loan Facility means the debtor-in-possession financing facility provided by the DIP Term Loan Lenders.

DIP Term Loan Facility means that certain super-priority, senior secured $12,500,000 debtor-in-possession term loan facility, by and among Nuverra, as borrower, each of the Debtors as guarantors, the DIP Term Loan Agent, and the DIP Term Loan Lenders, approved in the DIP Financing Order.

DIP Term Loan Facility shall have the meaning set forth in the Introductory Statement.

DIP Term Loan Facility has the meaning assigned to such term in the recitals hereto.

DIP Term Loan Facility has the meaning assigned to such term in the recitals hereto. “Disqualified Stock” shall mean any Equity Interest that, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any event, (a) matures (excluding any maturity as the result of an optional redemption by the issuer thereof) or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof, in whole or in part, or requires the payment of any cash dividend or any other scheduled payment constituting a return of capital, in each case at any time on or prior to the first anniversary of the Maturity Date, or (b) is convertible into or exchangeable (unless at the sole option of the issuer thereof) for (i) debt securities or (ii) any Equity Interest referred to in clause (a) above, in each case at any time prior to the first anniversary of the Maturity Date.