Examples of Term DIP Lenders in a sentence
India’s smartphone market is the second biggest market in the world after China.
The Debtors will promptly provide notice to the Term DIP Agent, for prompt distribution to the Term DIP Lenders, of any Material Adverse Effect (as defined in the Term DIP Loan Agreement).
Before such duplicates are surrendered to a successor, the tax accounts of the outgoing treasurer shall be adjusted and balanced to the satisfaction of the incoming treasurer and the respective taxing authorities, before any release of the bond of the outgoing treasurer shall be given.
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The Term DIP Facility was negotiated in good faith and at arms’ length among the Debtors, the Term DIP Agent and the Term DIP Lenders.
Given their current financial condition, financing arrangements and capital structure, the Debtors are unable to obtain financing from sources other than the Term DIP Lenders on terms more favorable than provided for in the Term DIP Facility.
Absent further order of this Court, the Debtors shall not create or permit to exist any post-petition liens or encumbrances on any of their assets or property except any post-petition liens allowed pursuant to the Term DIP Loan Documents, post-petition liens created in connection with the ABL DIP Facility and as otherwise agreed to by Term DIP Agent (acting at the direction of the Required Term DIP Lenders) in writing.
In addition, the Debtors shall authorize their independent certified public accountants, financial advisors, investment bankers, and consultants to cooperate, consult with, and provide to the Term DIP Agent (and, so long as a Termination Event has occurred and is continuing, each of the Term DIP Lenders) all such information as may be reasonably requested with respect to the business, results of operations, and financial condition of any of the Debtors.
In addition, the Debtors’ accountants, financial advisors and consultants are hereby authorized to cooperate, consult with, and provide to the Term DIP Agent, for the benefit of the Term DIP Lenders, all such information as may be reasonably requested with respect to the businesses, results of operations, and financial condition of the Debtors.
Capitalized terms used but not defined in this DIP Facility Term Sheet shall have the meanings ascribed to such terms in the RSA or the Restructuring Term Sheet, to which this Term Loan DIP Facility Term Sheet is attached.KE 69495800.6Variance) (each as defined herein), which Approved Budget shall be prepared by Borrower and shall be in form and substance acceptable to the Required Term DIP Lenders, and (iv) to fund the Carve-Out(as defined herein).