Fleet DIP Facility definition

Fleet DIP Facility means, collectively: (i) the Loan Agreement, as modified by the Agreed Final Order Authorizing BCP/BCP Finance: (a) to Use Cash Collateral; (b) to Incur Postpetition Debt; and (c) to Grant Adequate Protection and Provide Security to Fleet Capital Corporation, as Agent, dated July 10, 2001; (ii) all amendments thereto and extensions thereof; and (iii) all security agreements and instruments related to the documents identified in (i) and (ii).

Examples of Fleet DIP Facility in a sentence

  • The Fleet DIP Facility provided for a maturity date of April 30, 2003.

  • The Fleet DIP Facility was subsequently amended to extend the filing deadline through February 15, 2003.

  • Accordingly, upon commencing these cases, the Debtors sought and obtained interim authority to enter into a debtor-in-possession financing facility (the "Fleet DIP Facility") with Fleet National Bank as administrative agent (the "Agent") and a syndicate of financial institutions consisting of a subset of the Prepetition Lenders (collectively, the "DIP Lenders").

  • Subsequent to the approval of the Fleet DIP Facility, the Company engaged in extensive negotiations with representatives of M Capital, LLC in respect of a transaction for the acquisition by M Capital, LLC or an affiliate of substantially all of the assets of the Miniature Lighting business.

  • Pursuant to the Fleet DIP Facility, the Debtors were required to use their reasonable best efforts to negotiate and complete one or more purchase and sale agreements in connection with a 363 Sale Transaction (as defined in the Fleet DIP Facility) and file by December 15, 2002 with the Bankruptcy Court a motion seeking approval of the same (subject to higher and better offers).

  • Final authority to enter into the Fleet DIP Facility was granted by the Bankruptcy Court on October 24, 2002.

  • Under the terms of the Fleet DIP Facility, to secure the repayment of the borrowing and all other obligations arising under the Fleet DIP Facility, the Debtors granted the DIP Lenders first priority liens on substantially all of their assets, junior only to other valid liens existing on the Petition Date.

  • The Company therefore solicited expressions of interest from a number of potential lenders for a new debtor-in-possession financing agreement to replace the Fleet DIP Facility.

  • Any damage to, or deterioration of, asbestos should also be reported without delay so that remedial action can be taken.

  • Accordingly, as part of the Fleet DIP Facility, the Debtors obtained authority to use the Cash Collateral to pay current operating expenses subject to the terms of a budget agreed upon by the Debtors and the Pre-Petition Secured Lenders.

Related to Fleet DIP Facility

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • DIP Facility Documents means any notes, certificates, agreements, security agreements, documents, or instruments (including any amendments, restatements, supplements, or modifications of any of the foregoing) related to or executed in connection with the DIP Credit Agreement.

  • DIP Facility Claims means all Claims held by the DIP Facility Agent and the DIP Facility Lenders pursuant to the DIP Facility Agreements and the Final DIP Order.

  • DIP Facilities means the DIP ABL Facility and the DIP Term Loan Facility.

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • DIP Facility Claim means a Claim arising under or as a result of the DIP Facility.

  • ABL Facility Documents means the agreements and other instruments governing the ABL Facility, together with any guarantees thereof and any security documents, other collateral documents and other instruments relating thereto (including documents and instruments governing Hedging Obligations required by the ABL Facility or relating to ABL Obligations).

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • DIP means debtor-in-possession.

  • Credit Facility Documents means the collective reference to any Credit Facility, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.

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

  • Exit Facility Documents means, collectively, the Exit Credit Agreement, and all other agreements, documents, and instruments delivered or entered into in connection with the Exit Facility, including any guarantee agreements, pledge and collateral agreements, intercreditor agreements, subordination agreements, fee letters, and other security documents.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

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

  • Second Lien Facility means the second lien term loan facility under the Second Lien Credit Agreement.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Bank Facility means any credit agreement, including the Credit Agreement dated June 28, 2012 among Bank of America, N.A., Equinix, Inc. and the guarantors party thereto, as amended, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Company as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • New Credit Facility is defined in Section 9.8.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).