Credit Bid means, an offer submitted by Agent (on behalf of the Lender group), based upon the instruction of the Required Lenders, to acquire the property of any Loan Party or any portion thereof in exchange for and in full and final satisfaction of all or a portion (as determined by Agent, based upon the instruction of the Required Lenders) of the claims and Obligations under this Agreement and other Loan Documents.
Credit Bid means to submit a bid at a public or private sale in connection with the purchase of all or any portion of the Collateral, in which any of the Obligations owing to the Lenders or any other Secured Party under this Agreement is used and applied as a credit on account of the purchase price.
Credit Bid has the meaning set forth in Section 14.9.
Examples of Credit Bid in a sentence
A Credit Bid may be applied only to reduce the cash consideration with respect to those assets in which the party submitting such Credit Bid holds a security interest.
The DIP Agent shall be considered a “Qualified Bidder” with respect to its rights to acquire all or any of the assets by Credit Bid.
A Holder shall have the right to exercise Credit Bid Rights at the Auction if no timely objection is filed pursuant to subsection (a) above.
Subject to the Court’s calendar, the Debtor respectfully requests that the Court schedule the Credit Bid Hearing to take place approximately one week after the Credit Bid Objection Deadline.
Office of Inspector General, Contract Pharmacy Arrangements in the 340B Program, February 2014.
More Definitions of Credit Bid
Credit Bid has the meaning set forth in Section 14.9 of this Agreement.
Credit Bid is defined in Section 13.3.
Credit Bid means a bid in a foreclosure sale pursuant to a Mortgage made by Lender consisting of all or a portion of the outstanding amount of the Obligations.
Credit Bid means, in accordance with the Bidding Procedures, the credit bid by the Prepetition Agent, on behalf of the Prepetition Secured Lenders, of $35 million of the Prepetition Secured Lender Claims on account of the Prepetition First-Out Loans.
Credit Bid means an offer submitted by the Administrative Agent (on behalf of the Lenders), based upon the instruction of the Majority Lenders, to acquire the Property or Equity Interests of the Borrower or any Guarantor or any portion thereof in exchange for and in full and final satisfaction of all or a portion (as determined by the Administrative Agent, based upon the instruction of the Majority Lenders) of the claims and Secured Obligations under this Agreement and other Loan Documents.
Credit Bid means a bid made by the beneficiary in full or partial satisfaction of the contract or contracts which are secured by the trust deed. Such credit bid may only include an amount up to the full amount of the contract or contracts secured by the trust deed, less any amount owing on liens or encumbrances with interest which are superior in priority to the trust deed and which the beneficiary is obligated to pay under the contract or contracts or under the trust deed, together with the amount of other obligations provided in or secured by the trust deed and the costs and expenses of exercising the power of sale and the sale, including the trustee's fees and reasonable attorney fees actually incurred.
Credit Bid has the meaning set forth in Section 3.2.