Revolving DIP Loans definition

Revolving DIP Loans means the Revolving A DIP Loans or the Revolving B DIP Loans.
Sample 1

Examples of Revolving DIP Loans in a sentence

  • The Borrower is immediately authorized to borrow from the New Money DIP Lenders, and the Guarantors are immediately authorized to guaranty, borrowings under the DIP Facility of up to an aggregate principal amount of $925 million of the Revolving DIP Loans under the DIP Revolver Facility and the DIP LC Sub-Facility, subject to and in accordance with the terms of this Final Order and the DIP Credit Agreement.

  • As an exception to paragraph 1 of this Article, an authorised person may also classify data subsequently, upon fulfilling the criteria established by this Law.

  • I understand that in accordance with, and subject to, the terms of the DIP Credit Agreement, $120 of the Revolving DIP Loans and $240 million of the Roll-Up Loans will be available upon entry of the Interim DIP Order, with the remaining balance available upon entry of the Final DIP Order.

  • The DIP Facility consists of $150 million in Revolving DIP Loans, with a $100 million letter of credit sublimit, and $300 million in Roll-Up Loans and the consensual use of cash collateral.

  • The provisions of the DIP Orders also provide for the relative priorities of the liens and superpriority claims of the Revolving DIP Loans, Roll-Up Notes, and Adequate Protection Claims.

  • In essence, the Revolving DIP Loans hold the most senior liens and are first priority administrative expenses, followed by the Roll-Up Notes and then the Adequate Protection Claims.

  • The Revolving DIP Loans will bear interest at LIBOR plus 3.25% per annum or, at the option of the Borrowers, the Base Rate plus 2.25% per annum.14 Letter of Credit fees shall be payable on the maximum amount available to be drawn under each Letter of Credit at a rate equal to 3.25% per annum with respect to standby letters of credit and 1.625% per annum with respect to commercial letters of credit.

  • The Debtors are hereby authorized (a) to obtain the Revolving DIP Loans in an amount not to exceed $5,000,000 as provided in the DIP Credit Agreement, and (b) the Roll-Up Loans in an amount not to exceed $5,000,000, in each case in accordance with the terms and conditions set forth herein and in the DIP Credit Agreement and the DIP Documents.

  • In addition to Borrowers requesting that DIP Lenders make Revolving DIP Loans pursuant to subsection 2.1A, Borrowers may request, in accordance with the provisions of this subsection 3.1, from time to time during the period from the Closing Date to but excluding the 30thday prior to the Commitment Termination Date, that one or more DIP Lenders issue Letters of Credit for the account of Borrowers for the purposes specified in the definition of Standby Letters of Credit and Commercial Letters of Credit.

  • Minimum opening Excess Availability at closing after the application of proceeds of the initial Revolving DIP Loans, if any, on such date and after provision for payment of all fees and expenses of the transaction paid or payable on or about the DIP Closing Date, of not less than $21,500,000.

Related to Revolving DIP Loans

  • Revolving Loans has the meaning set forth in Section 2.1(a).

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Revolving Credit Loans as defined in Section 2.1.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Revolving Loan Note means a promissory note in the form of Exhibit 2.5-1, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • New Revolving Loans as defined in Section 2.25.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Swing Loans each is defined in Section 1.7 hereof.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

  • Revolving Loan Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.

  • Term Loans means the term loans made by the Term Lenders to the Borrower pursuant to Section 2.01(b).

  • Revolving Advances means Advances made other than Letters of Credit.

  • Other Revolving Credit Loans means one or more Classes of Revolving Credit Loans that result from a Refinancing Amendment.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).