Examples of DIP Loans in a sentence
In order to effect efficient distributions of the Priority Exit Facility, the DIP Agent shall have reasonable discretion to impose a halt on assignments of the Lender DIP Loans as of a date no earlier than three days before the anticipated Effective Date.
DIP Loans are made to companies that have experienced, or are experiencing, significant financial or business difficulties such that they have become subject to bankruptcy or other reorganisation and liquidation proceedings and thus involve additional risks.
In order to effect efficient distributions with respect to the TLTB Facilities, the HoldCo Loans, and the Priority Exit Facility, the Prepetition Agent, and the DIP Agent (as applicable) shall have reasonable discretion to impose a halt on assignments of Term Loans or DIP Loans (as applicable) as of a date no earlier than three days before the anticipated Effective Date.
For all purposes other than funding of the New Money DIP Loans on the Closing Date, the aggregate outstanding principal balance of the New Money DIP Loans funded on the Closing Date immediately after giving effect to the borrowing of the New Money DIP Loans on the Closing Date and the amount of the New Money DIP Loans to be repaid hereunder shall be the aggregate amount borrowed under Section 2.1(a).
The Replacement DIP Obligations will include all Replacement DIP Loans and any other indebtedness or obligations, contingent or absolute, which may now or from time to time be owing by any of the Debtors to the Replacement DIP Agent or any of the Replacement DIP Secured Parties, in each case, under, or secured by, the Replacement DIP Documents or this Final DIP Order, including all principal, accrued interest, costs, fees, expenses and other amounts under the Replacement DIP Documents.