Tranche A DIP Loans definition

Tranche A DIP Loans means all loans outstanding under the Tranche A
Sample 1
Tranche A DIP Loans means the DIP Loans in the amount of up to $5 million to be provided by the Tranche A DIP Lenders under the DIP Facility.
Sample 1

Examples of Tranche A DIP Loans in a sentence

  • Pursuant to the terms of the DIP Facility and the DIP Order, the Debtor had the option to convert (i) the Tranche A DIP Loans into unsecured exit financing, and (ii) the Tranche B DIP Loans into equity of the reorganized Debtor, in lieu of repaying the DIP Facility in full on the Effective Date (the “Conversion Options”).

  • Sometimes the boundaries are a result of conscious acts, sometimes of autonomous developments.

  • Good and sufficient cause has been shown for entry of this Final DIP Amendment Order and for authorization of the Debtors to obtain and enter into the New Tranche A DIP Facility and to Repay (as defined below) the Original Tranche A DIP Loans and Original Tranche A DIP Notes in full in cash on the New Tranche A Closing Date.

  • Tranche A DIP Loans: A commitment fee of 2.00% of the Tranche A DIP Commitments payable in cash and 2.00% of the Tranche A DIP Commitments payable in kind on the Closing Date (such fee paid-in- kind, the “Tranche A PIK Commitment Fee”).

  • During the Chapter 11 Cases, distributions of proceeds of DIP Collateral (as defined below) or proceeds of assets that do not constitute DIP Collateral, shall be applied (x) first, to all obligations owing in respect of the Tranche A DIP Loans until paid in full, and (y) second, to all obligations owing in respect of the Tranche B DIP Loans until paid in full.

  • Wilmington Savings Fund Society, FSB or U.S. Bank, National Association (in such capacity as a common agent for the Tranche A DIP Loans and the Tranche B DIP Loans (each as defined below), together with its successors and assigns, the “DIP Agent”).

  • The commitments under the DIP Facility relating to the Tranche A DIP Loans are referred to herein as the “Tranche A DIP Commitments” and the commitments under the DIP Facility relating to the Tranche B DIP Loans are referred to herein as the “Tranche B DIP Commitments”.

  • All DIP Obligations in respect of the Tranche A DIP Loans shall be senior in right of payment to all DIP Obligations in respect of the Tranche B DIP Loans to the extent set forth in Section 7.08 of the DIP Credit Agreement and the DIP Intercreditor Arrangement.

  • In addition, the DIP Lenders have entered into the DIP Intercreditor Arrangement that governs the relative rights and priorities as between the Tranche A DIP Loans, on the one hand, and the Tranche B DIP Loans and the Foreign Loan Obligations, on the other hand (which arrangement shall be enforceable in accordance with its terms), with the parties thereto acknowledging that it constitutes a “subordination agreement” under section 510 of the Bankruptcy Code.

  • Any net cash proceeds from Asset Sales that are not permitted by the Required DIP Lenders to be used to fund operating expenditures may be used to reduce the outstanding balance of the Tranche A DIP Loans.

Related to Tranche A DIP Loans

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

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

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • 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.

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Tranche A Term Loan as defined in Section 2.1.

  • Tranche A Commitment means, with respect to each Lender, the commitment of such Lender to make Tranche A Loans hereunder as set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender assumed its Tranche A Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09, (b) increased from time to time pursuant to Section 2.26 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Tranche A Term Lender means a Lender with a Tranche A Term Commitment or an outstanding Tranche A Term Loan.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Tranche A Lender means a Lender with a Tranche A Commitment or an outstanding Tranche A Term Loan.

  • 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.

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

  • Tranche A Lenders means First Union National Bank and shall include the several banks and other financial institutions from time to time party to the Credit Agreement that commit to make the Tranche A Loans.

  • 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

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

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

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche A Term Commitment as to any Lender, the obligation of such Lender, if any, to make a Tranche A Term Loan to the Borrower on the Incremental Facilities Closing Date in a principal amount not to exceed the amount set forth under the heading “Tranche A Term Commitment” opposite such Lender’s name on Schedule 1.1A. The original aggregate amount of the Tranche A Term Commitments is $20,000,000.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).