Replacement DIP Facility definition

Replacement DIP Facility means the $335 million Tranche B-1 and $90 million Tranche B-2 term loan facilities under the Replacement DIP Agreement.

Replacement DIP Facility means any postpetition financing facility that replaces the DIP Facility and provides for the full and indefeasible repayment in Cash of the DIP Claims arising under or related to the DIP Loan Documents on the earlier of the DIP Maturity Date or the Effective Date, including all principal, interest, default interest, fees, expenses, costs, and other charges provided for thereunder (or, in the case of any DIP L/Cs outstanding on the DIP Maturity Date or the Effective Date, funding of the L/C Cash Collateralization Amount or such other treatment shall have been provided with respect to such DIP L/C as the Debtors and the DIP L/C Issuer shall agree).

Replacement DIP Facility means the $335 million Tranche B-1 and $90 million Tranche B-2

Examples of Replacement DIP Facility in a sentence

• All postpetition borrowings since the inception of the case, other than trade credit, are borrowings made under the Original DIP Facility or the Replacement DIP Facility.

• All postpetition borrowings since the inception of the case, other than trade credit, are borrowings made under the Initial DIP Facility or the Replacement DIP Facility.

• The Replacement DIP Facility did not require the Debtors to file by February 15, 2003 a motion to approve sale transaction for either Miniature Lighting or General Lighting.

• Prior to the hearing seeking interim approval of this financing proposal, Fleet National Bank and certain of the lenders under the Fleet DIP Facility reached agreement with M Mini Funding, LLC ("M Funding") to jointly participate in extending a replacement facility to the Debtors (the "Replacement DIP Facility").

• The proceeds of the Debtors' borrowings under the Replacement DIP Facility have been utilized to pay, among other things, the outstanding balance of the Fleet DIP Facility and the Fleet Termination Fee.

More Definitions of Replacement DIP Facility

Replacement DIP Facility means the senior secured superpriority debtor-in-possession term loan credit facility in an aggregate principal amount of $90 million, on the terms set forth in the Replacement DIP Credit Agreement, as applicable, and subject in all respects to the Replacement DIP Orders and the Replacement DIP Documents.

Replacement DIP Facility means a debtor-in-possession facility that is entered into by any Seller in connection with a refinancing of the DIP Facility in accordance with its terms.

Replacement DIP Facility means the credit facility provided to the Debtors pursuant to the Credit Agreement.

Replacement DIP Facility means the $425 million term loan facility under the Replacement DIP Agreement.”

Replacement DIP Facility means the debtor-in-possession secured financing facility, consisting of (a) a new money term loan facility in an aggregate principal amount of no less than $640 million and (b) a roll-up loan facility comprised of the Tranche B Roll-Up Loans deemed outstanding under such facility (including, in each case, any unpaid interest, fees, costs, and expenses), in each case, provided to the Debtors by the Replacement DIP Lenders pursuant to the Replacement DIP Credit Agreement and the Replacement DIP Documents (as defined in the Replacement DIP Facility Order), as authorized by the Bankruptcy Court pursuant to the Replacement DIP Facility Order.

Replacement DIP Facility in the Stock Purchase Agreement is hereby amended to delete the words “August 8, 2023” in such definition and to replace them with the words “August 9, 2023.”

Replacement DIP Facility means the term loan facility consistent with the Replacement DIP Facility Term Sheet and otherwise in form and substance satisfactory to the Required Parties.