DIP Term Sheet definition

DIP Term Sheet has the meaning set forth in the recitals to this Agreement.

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DIP Term Sheet means the term sheet setting forth the terms and conditions of the DIP Facility.

DIP Term Sheet means that certain term sheet providing the terms of the DIP Facility, which is attached to the RSA as Exhibit D and is dated as of January 25, 2021, by and among the Debtors and the DIP Lender, as may be amended, modified, restated, or supplemented from time to time.

Examples of DIP Term Sheet in a sentence

• This DIP Term Sheet is presented for discussion purposes only, does not constitute a commitment to provide, accept, or consent to any financing or otherwise create any implied or express legally binding or enforceable obligation on any party (or any affiliates of a party), at law or in equity, to negotiate or enter into definitive documentation related to the DIP Facility or to negotiate in good faith or otherwise.

• The obligations of the DIP Commitment Parties hereunder are several and not joint and are in all respects subject to the satisfaction (or waiver by the Required DIP Commitment Parties, in their sole discretion) of the conditions precedent set forth in the DIP Term Sheet under the heading “Conditions Precedent to Closing and DIP Draws”.

• The Debtors will pay (or cause to be paid) the fees, payments and other amounts as set forth herein, in the DIP Term Sheet and in any engagement and/or fee letter entered into with the DIP Agent in connection with the DIP Facility (the “DIP Agency Fee Letter”).

• Upon payment in full of the DIP Obligations (as defined in the DIP Term Sheet, including all or in part as a result of the DIP Debt Conversion (as defined therein)), the DIP Facility will terminate and be superseded and replaced in its entirety by the Revolving Facility.

• Notwithstanding anything to the contrary in this Commitment Letter or the Fee Letter, your obligations hereunder and thereunder are subject to the entry of the Final Order (as defined in the DIP Term Sheet attached as Exhibit B hereto (the “DIP Term Sheet”) by the Bankruptcy Court.

More Definitions of DIP Term Sheet

DIP Term Sheet means the DIP Facility term sheet attached as Exhibit C to the RSA.

DIP Term Sheet means that certain Super-Priority Secured Debtor-In-Possession Credit Facility and Use of Cash Collateral Term Sheet, dated November 20, 2018, attached as Exhibit A to the Final DIP Order.

DIP Term Sheet means that certain Senior Secured Superpriority Debtor-in- Possession Credit Facility Term Sheet, dated as of July 8, 2020 (as the same may be amended, restated, supplemented, or otherwise modified from time to time), entered into by and among Debtor Sur La Table, Inc., as borrower, Debtor SLT Holdco, Inc., as guarantor, and the DIP Lender.

DIP Term Sheet means that certain Summary of Terms and Conditions of Neumann Homes DIP Financing approved by the Bankruptcy Court on November 28, 2007 pursuant to the Emergency DIP Order.

DIP Term Sheet means that certain DIP Facility Term Sheet, dated as of May 12, 2020, by and among the Debtors and the DIP Lenders, as it may be amended, restated, supplemented, or otherwise modified from time to time.

DIP Term Sheet means (i) the term sheet entered into as of the date hereof between the DIP Lender and Seller Parent, pursuant to which the DIP Lender shall provide the DIP Facility to Seller Parent and, to the extent contemplated therein, its Subsidiaries and (ii) if Seller Parent, its Subsidiaries (as applicable) and the DIP Lender enter into definitive documents with respect to the DIP Facility.

DIP Term Sheet means the debtor-in-possession financing term sheet setting forth the terms of the DIP Facility attached to the Restructuring Term Sheet as Exhibit 1.