Senior DIP Credit Agreement definition

Senior DIP Credit Agreement means that certain first-lien senior secured superpriority debtor-in-possession credit agreement by and among the Company Parties, the Senior DIP Agent, and the lenders that are from time to time party thereto, consistent with the terms and conditions of the Senior DIP Commitment Letter and this Agreement and as approved by the DIP Orders.
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Senior DIP Credit Agreement means that certain first-lien senior secured superpriority debtor-in-possession credit agreement, dated as of July 22, 2020, by and among CRC, as borrower, each of the guarantors named therein, the Senior DIP Agent, and the lenders that are from time to time party thereto.
Sample 1
Senior DIP Credit Agreement means that certain Fifth Amended and Restated Senior Post-Petition Credit Agreement, dated as of August 27, 2008, by and among the Borrower, the lenders party thereto and the Senior DIP Lenders’ Agent.
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Examples of Senior DIP Credit Agreement in a sentence

  • The DIP Term Documents will include yield protection provisions usual and customary for debtor-in-possession financings of this type and substantially consistent with the yield protection provisions under the Senior DIP Credit Agreement.

  • The Debtors shall provide counsel to the Creditors’ Committee, the Second Lien Noteholders Committee and the Pre-Petition Second Lien Notes Trustee with all formal notices and information required to be delivered to the Senior DIP Agent or Supplemental DIP Agent or Senior DIP Lenders or Supplemental DIP Lenders pursuant to the terms of the Senior DIP Credit Agreement or Supplemental DIP Credit Agreement, as the case may be.

  • Information/Reporting Covenants Usual and customary for debtor-in-possession financings of this type and substantially consistent with the reporting and information covenants under the Senior DIP Credit Agreement, including, without limitation, delivery and approval by the Required DIP Term Lenders of initial and updated DIP budgets and delivery of variance reports in respect thereof.

  • Negative Covenants Usual and customary for debtor-in-possession financings of this type and substantially consistent with the negative covenants under the Senior DIP Credit Agreement, including, without limitation, the Financial Covenants (as defined herein), covenants related to bankruptcy matters and amendments to the Elk Hills Power Agreements (as defined in the RSA), in each case, consistent with, and not more restrictive than, the Senior DIP Credit Agreement.

  • The following investigations and testing shall only be carried out where no records exist for a structure.

  • The Borrowers are hereby authorized to borrow up to (i) $300 million in Senior DIP Loans pursuant to the Senior DIP Credit Agreement and (ii) $261 224 million in Junior DIP Loans on an interim basis and $321285million on a final basis pursuant to the Junior DIP Credit Agreement, and the DIP Guarantors are hereby authorized to guarantee the Borrowers’ obligations under the DIP Credit Agreements, subject to any limitations set forth in the DIP Documents.

  • The Buyer also agreed in the APA to (i) refinance the Debtors’ obligations under the Senior DIP Credit Agreement with $850 million in cash to be funded with the proceeds of a new ABL facility and (ii) pay the Debtors, as part of the Sale Transaction purchase price, $350 million in cash toward the Debtors’ obligations under the Junior DIP Credit Agreement— consideration totaling $1.2 billion.

  • Further, the Senior DIP Agent’s fees are not disclosed anywhere in Amended DIP Motion or its exhibits.ARGUMENT Pursuant to the $95,000,000 Senior Secured Superpriority Debtor-In-Possession Credit Agreement (the Senior DIP Credit Agreement), the Debtors are to pay the administrative agent fees as disclosed in a fee letter that is not attached to any documents in the public record.

  • Each employee must give an accounting of expenses together with receipts within five (5) days after completion of the assignment.

  • On the Effective Date, all issued and outstanding letters of credit under the Senior DIP Facility shall be cash collateralized, replaced or reinstated in accordance with their terms and the terms of the Senior DIP Credit Agreement and any applicable New Exit Facilities Documents.


More Definitions of Senior DIP Credit Agreement

Senior DIP Credit Agreement means that certain $95,000,000 Senior Secured Priming Superpriority Debtor-In-Possession Credit Agreement, dated as of February [ ], 2021, by and among Alpha Media LLC and Alpha Media 3E Corporation as borrowers, the other persons party thereto that are designated credit parties, and Wilmington Savings Fund Society, FSB as the agent for all Senior DIP Lenders and the other financial institutions party thereto as Senior DIP Lenders.
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Related to Senior DIP Credit Agreement

  • DIP Credit Agreement means the credit agreement with respect to the DIP Facility.

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • ABL Credit Agreement as defined in the recitals hereto.

  • New Credit Agreement means the new credit agreement entered into as of December 23, 2021 in connection with the Closing of the Business Combination, by Fathom OpCo, certain lenders, and JPMorgan Chase Bank, N.A., as administrative agent thereunder.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrowers, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent.

  • First Lien Credit Agreement has the meaning set forth in the Recitals to this Agreement.

  • Bridge Credit Agreement means that certain Credit Agreement, dated as of December 24, 2018, by and among Parent Borrower, as Borrower, Citibank, N.A., as Agent and the other parties thereto.

  • Existing ABL Credit Agreement means that certain ABL credit agreement, dated as of April 19, 2013, among Petco Animal Supplies, Inc., the lenders party thereto, Bank of America, N.A., (as successor to Credit Suisse AG) as administrative agent, Xxxxx Fargo Bank, National Association, as collateral agent, and the subsidiaries of Petco Animal Supplies, Inc. from time to time party thereto, as amended by that certain First Amendment to the ABL Credit Agreement, dated as of November 21, 2014.

  • U.S. Credit Agreement means that certain credit agreement dated as of even date herewith by and among the U.S. Borrower, as borrower, the lenders party thereto, as lenders, and the U.S. Administrative Agent, as administrative agent.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • 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.

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Term Credit Agreement shall have the meaning set forth in the recitals hereto.

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

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • Prior Credit Agreement has the meaning specified in the Recitals hereto.

  • Parent Credit Agreement means that Credit Agreement, dated as of the date hereof, by and among FE and FET as borrowers, the banks and other financial institutions party thereto from time to time, and JPMorgan as administrative agent, as amended, amended and restated or otherwise modified from time to time.

  • 364-Day Credit Agreement means the 364-Day Credit Agreement, dated as of the date hereof, among the Borrowers, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, as administrative agent, and the other agents party thereto.

  • Senior Secured Credit Agreement means the Amended and Restated Credit Agreement dated as of July 31, 2008 among the Company, as Borrower, JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders parties thereto from time to time, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings or refinancings thereof and any indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 1111).

  • Amended Credit Agreement means the Existing Credit Agreement as amended hereby.

  • Existing Credit Agreement as defined in the recitals hereto.

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Credit Agreement Agent means, at any time, the Person serving at such time as the “Agent” or “Administrative Agent” under the Credit Agreement or any other representative then most recently designated in accordance with the applicable provisions of the Credit Agreement, together with its successors in such capacity.

  • ABL Credit Facility means the senior secured asset-based revolving loan facility and the term loan facilities made pursuant to the ABL Credit Agreement.

  • Credit Agreement has the meaning assigned to such term in the preliminary statement of this Agreement.