Interim DIP Order definition

Interim DIP Order means an order of the Bankruptcy Court authorizing, among other things, on an interim basis, the Debtors to (a) enter into the DIP Documents and incur postpetition obligations thereunder and

Examples of Interim DIP Order in a sentence

  • The Debtors shall not create, incur or suffer to exist any postpetition liens or security interests other than: (i) those granted pursuant to this Interim DIP Order; (ii) carriers’, mechanics’, operators’, warehousemen’s, repairmen’s or other similar ordinary course liens arising in the ordinary course of business; and (iii) pledges and deposits in connection with workers’ compensation, unemployment insurance and other social security legislation.

More Definitions of Interim DIP Order

Interim DIP Order means the Interim Order Pursuant to 11 U.S.C. Sections 105, 361, 362, 363, 364, and 507 and Bankruptcy Rules 2002, 4001 and 9014 (I) Authorizing the Debtors to Obtain Senior Secured, Superpriority, Post-Petition Financing, (II) Authorizing Use of Cash Collateral, (III) Granting Priming Liens, Priority Liens and Super-Priority Claims, (IV) Granting Adequate Protection to Prepetition Secured Parties and (V) Scheduling a Final Hearing Pursuant to Bankruptcy Rules 4001(B) and (C) (Docket No. 137), entered by the Bankruptcy Court on May 22, 2018.
Interim DIP Order means an order of the Bankruptcy Court in the Chapter 11 Cases authorizing and approving on an interim basis, among other things, (a) the DIP Facility and the extensions of credit thereunder, including the incurrence by the Credit Parties of secured indebtedness in accordance with this Agreement, (b) the form of this Agreement and the other Credit Documents, (c) the granting of Liens and claims by the Credit Parties in favor of the Lenders, (d) the payment by the Credit Parties of the fees contemplated by this Agreement, (e) the provision of adequate protection to the Prepetition Lenders in a manner satisfactory to the Lenders and the Prepetition Majority Lenders, (f) the other obligations of the Credit Parties under this Agreement and the other Credit Documents, and (g) such other matters as are usual and customary for orders of this kind, which order shall be in form and substance satisfactory to the Lenders in all respects, which order shall not have been vacated, reversed, modified or stayed, and as the same may be amended, supplemented or modified from time to time after entry thereof in accordance with the terms hereof but only with the written consent of the Lenders.
Interim DIP Order has the meaning ascribed to such term in Section 3.16.