Examples of Existing DIP Lenders in a sentence
No amendment, modification, change or supplement to either the Settlement Agreement or the Settlement Order shall have occurred in a manner that is, in the aggregate, materially adverse to the Existing DIP Lenders, taken as a whole.
Except as expressly set forth herein, the execution of this Agreement shall not operate as a waiver of any right, power or remedy of the DIP Administrative Agent, the DIP Collateral Agent or the Existing DIP Lenders, nor constitute a waiver of any provision of any of the DIP Credit Documents.
Those protections granted to the Existing DIP Agent and the Existing DIP Lenders pursuant to Paragraph 8 of the Existing DIP Order, shall remain in full force and effect.
The Existing DIP Agreement contemplates that, upon the satisfaction (or waiver) of certain conditions precedent to effectiveness, the loans made under the Existing DIP Agreement and the other commitments of the Existing DIP Lenders shall be converted to an exit financing facility for the Borrower contemporaneously with the occurrence of the effective date of the Plan of Reorganization (the “Plan Effective Date”), on the terms and subject to the conditions set forth herein.
The Borrower shall have no right to obtain --------------------- further credit under the Existing DIP Credit Agreement and all liens in favor of the Existing DIP Lenders shall have been satisfied and released, in each case in a manner reasonably satisfactory to the Bank.
The Existing DIP Agreement contemplates that, upon the satisfaction (or waiver) of certain conditions precedent to effectiveness, the loans made under the Existing DIP Agreement and the other commitments of the Existing DIP Lenders shall be converted to an exit financing facility for the Borrower contemporaneously with the occurrence of the effective date of the Plan of Reorganization (the “Plan Effective Date”), on the terms and subject to the conditions set forth therein.
The Borrowers shall have no Indebtedness or other liabilities other than (1) Indebtedness to the Existing DIP Lenders under the Existing DIP Debt Documents, (2) Indebtedness permitted under the Existing DIP Debt Documents, and (3) Indebtedness permitted under the Term Loan Documents.
The Existing DIP Credit Agreement will mature on April 4, 2004 and the Existing DIP Lenders have informed the Borrower that they will not renew the Existing Letters of Credit as they expire.
Existing DIP Lenders have issued certain letters of credit totaling approximately $32,800,000.00 (collectively, the "EXISTING LETTERS OF CREDIT").