TCEH DIP Agent definition

TCEH DIP Agent means Citibank, N.A., or its duly appointed successor, in its capacity as administrative agent and collateral agent for the TCEH DIP Facility.
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TCEH DIP Agent means Deutsche Bank AG New York Branch, or its duly appointed successor, in its capacity as administrative agent and collateral agent for the TCEH DIP Facility.
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TCEH DIP Agent means Deutsche Bank AG New York Branch, or its duly appointed successor, in its capacity as
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Examples of TCEH DIP Agent in a sentence

  • CONCLUSION For all the foregoing reasons, the TCEH DIP Agent respectfully requests that the Court (i) overrule the Objections, (ii) grant the DIP Motion and enter the Final Order, and(iii) grant such other and further relief as the Court may deem just.

  • Accordingly, for the reasons set forth herein, the TCEH DIP Agent respectfully submits that the Court should defer to the TCEH Debtors’ business judgment in entering into the DIP Facility, approve the DIP Facility on a final basis, and overrule the Objections in their entirety.

  • However unfair it might appear to unsecured creditors that the DIP Obligations may, in part, be satisfied out of the unencumbered property, the TCEH DIP Agent, the DIP Lenders, and the DIP L/C Issuers will have earned the right to determine how to best recover on their secured claims after lending the TCEH Debtors’ estates up to $4.475 billion to fund these Cases.

  • The Creditors’ Committee’s demands to take the benefits of the DIP Facility, while rejecting its burdens, should not be countenanced.10 Accordingly, the TCEH DIP Agent respectfully requests that the Court overrule the remaining objections.

  • Even if Adams was factually on all fours with the circumstances here, which the TCEH DIP Agent respectfully submits is not the case, the court in Adams did not consider the propriety of granting postpetition liens on the proceeds of avoidance actions to prepetition lenders, let alone to DIP lenders.

  • Indeed, while the Objectors contest the propriety of the adequate protection payments and, thereby, the magnitude of the DIP Facility, the Objectors nowhere suggest that the economic protections provided to the TCEH DIP Agent, the DIP Lenders, and the DIP L/C Issuers are anything but fair, reasonable, and the product of arm’s length negotiations.

  • The ability of the Objectors to impose the doctrine of marshaling on the TCEH DIP Agent, the DIP Lenders, and the DIP L/C Issuers should not rise and fall on the projected recoveries of unsecured creditors.Whether unsecured creditors are in or out of the money is entirely irrelevant to this determination.

  • The TCEH DIP Agent is, of course, hopeful that the DIP Facility is over-collateralized as the TCEH Debtors assert.

  • The Objectors instead appeal to their myopic definition of “fairness,” contending that, without invoking the doctrine of marshaling, the TCEH DIP Agent, the DIP Lenders, and the DIP L/C Issuers will be able to liquidate, in a downside scenario, the unencumbered property first to satisfy the DIP Obligations.

  • Participants in the course will have an opportunity to learn: Web-based skills in searching for information.

Related to TCEH DIP Agent

  • DIP Agent means the administrative agent for the DIP Lenders as defined in the DIP Credit Agreement.

  • DIP Agents means the DIP ABL Agent and the DIP Term Loan Agent.

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • First Lien Administrative Agent means the “Administrative Agent” as defined in the First Lien Credit Agreement.

  • Second Lien Agent means the “Agent” under and as defined in the Second Lien Credit Agreement.

  • First Lien Agent has the meaning given to such term in the Intercreditor Agreement.

  • Liquidating Agent has the meaning specified in Section 7.2(a).

  • Class A Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Collateral Trustee has the meaning set forth in the preamble.

  • Second Lien Noteholders means the registered holders, from time to time, of the Second Lien Notes, as determined in accordance with the relevant Second Lien Notes Indenture.

  • Administrative Agent-Related Persons means Administrative Agent (including any successor agent), together with its Affiliates and the officers, directors, employees, agents and attorneys-in-fact of such Persons and Affiliates.

  • Class B Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Funding Agent or "agents" means an investment firm, trust bank, or other financial

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

  • Administrative Agent’s Account means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders.

  • Claimholders means the First Lien Claimholders and/or the Second Lien Claimholders, as the context may require.

  • Distribution Agent shall refer to the Trustee acting in its capacity as distribution agent pursuant to Section 5.05 herein."

  • Credit Agent means JPMorgan Chase Bank, N.A., in its capacity as administrative agent for the lenders party to the Credit Agreement, or any successor or successors party thereto.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

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

  • Disbursing Agent means the Reorganized Debtors or the Entity or Entities selected by the Debtors or the Reorganized Debtors, as applicable, to make or facilitate distributions pursuant to the Plan.

  • Fund/SERV Eligible Unit Servicing Agent means FTP Services LLC or any successor Fund/SERV Eligible Unit servicing agent appointed as hereinafter provided."

  • Prepetition Agent means Goldman Sachs Bank USA in its capacity as administrative agent and collateral agent under the Prepetition Credit Agreement.

  • Reorganized Debtors means the Debtors on and after the Effective Date.