Term DIP Loans definition

Term DIP Loans means "Loans" as defined in the Term DIP Credit Agreement.
Sample 1

Examples of Term DIP Loans in a sentence

  • Each Prepetition First Lien Lender that executes the Restructuring Support Agreement within 30 days following the Petition Date shall have the option, at its election, to fund its pro rata share of the Term DIP Loans.

  • Upon entry of the Final Order, the Debtors may obtain and use the proceeds of ABL DIP Loans only for purposes specified in the ABL DIP Loan Agreement and the Debtors may obtain and use proceeds of the Term DIP Loans only for purposes specified in the Term DIP Loan Agreement.

  • REPRESENTATIONS AND WARRANTIES To induce the Administrative Agent and the Lenders to enter into this Agreement and to make the Term DIP Loans, each of the Loan Parties hereby jointly and severally represents and warrants, (a) on the Closing Date, that the following representations are true and correct in all material respects (without duplication of any materiality qualifiers set forth therein): 5.1 Financial Condition; Budget.

  • This Section shall be construed so that the Term DIP Loans and Term DIP Commitments are at all times maintained in “registered form” within the meanings of Sections 163(f), 871(h)(2) and 881(c)(2) of the Code and any related regulations (and any successor provisions).

  • Notwithstanding the foregoing, only the Term DIP Loans borrowed by the Jamaican Borrower shall be secured by a perfected security interest in and lien upon the Jamaican Borrower’s pre-petition and post-petition real and personal property (other than equity interests that the Jamaican Borrower in Noranda Jamaica Bauxite Partners (aJamaican partnership), which equity interests shall not be Term DIP Collateral (as defined below)).

  • The Term DIP Documents shall be in form and substance satisfactory to DIP Agent, shall have been duly executed and delivered by all of the signatories thereto, all provisions of the Term DIP Documents are in full force and effect, and Term DIP Lenders are ready and willing to fund the Delayed Draw Term DIP Loans in accordance with the Term DIP Loan Documents and the Financing Orders.

  • The need for this thesis came during the author´s working experience with the company.

  • Moreover, even if there is no successful Challenge, the marshalling waiver would permit the BrandCo DIP Lenders to argue that the Term DIP Loans should be deemed paid off first from RCPC asset value, preserving the full value of the BrandCos for repayment of the BrandCo Lenders’ prepetition loans and reducing the value available to RCPC and the operating subsidiary creditors (which include substantially all general unsecured creditors).

  • Under the proposed Intercompany DIP Facility, the BrandCos would continue to benefit from RCPC’s payment of interest on the Term DIP Loans and Prepetition BrandCo Tranche B-1 Loans, but, in addition, the BrandCos would be vested with a secured claim (potentially in excess of $100 million on an annual basis) against RCPC, causing a shift in value from RCPC to the BrandCos.

  • The only exception is for matters of personal law where all parties are Shi'ites, in which case the Shi'ite Personal Status Law applies.

Related to Term DIP Loans

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

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Term B Loans has the meaning specified in Section 2.01(a).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan A has the meaning set forth in Section 2.2(a).

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

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Term Loan as defined in Section 2.1.

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

  • New Revolving Loans as defined in Section 2.25.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Term Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

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

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

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

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.