DIP Revolving Facility definition

DIP Revolving Facility means the “Revolving Facility” (or any similar term) as defined in the DIP Revolving Credit Agreement.

DIP Revolving Facility means the super-priority debtor-in-possession revolving credit facility of the Issuer under the DIP Revolver Credit Agreement.

DIP Revolving Facility means that certain super-priority, senior secured $31,500,000 debtor-in-possession revolving credit facility, by and among Nuverra, as borrower, each of the Debtors as guarantors, the DIP Revolving Agent, and the DIP Revolving Lenders, approved in the DIP Financing Order.

Examples of DIP Revolving Facility in a sentence

• Amendments and Waivers under DIP Revolving Facility: Same as Existing First Lien Credit Agreement.

• For the avoidance of doubt, the DIP Revolving Facility will not include any provisions related to Excess Availability.

• For the avoidance of doubt, assignments under the DIP Revolving Facility will be subject to the consent of the DIP Revolving Agent (which shall not be unreasonably withheld or delayed).

• Letter of Credit Obligations under the DIP Revolving Facility: Same as under Existing First Lien Credit Agreement.

• Any agreement to provide the DIP Revolving Facility, DIP Term Facility or any other financing arrangement will be subject to the execution and delivery of (i) definitive documentation satisfactory to the DIP Revolving Agent, the DIP Term Agent and the Backstop Parties (in each case, as defined below), each acting in its sole discretion and (ii) the Creditor Support Agreement (as defined below).

• The Closing Date under the DIP Revolving Facility shall be subject to conditions, which are satisfactory to the DIP Revolving Agent, including the satisfaction of the conditions set forth on Annex IV.

• Other than as expressly set forth in this Term Sheet, each numerical "basket" or "cushion" set forth in the covenants and events of default contained in the DIP Revolving Facility shall be at least 20% more favorable to the Debtors than the corresponding provision under the DIP Term Facility.

• Borrower under DIP Revolving Facility and DIP Term Facility: Xxxxxxxx Incorporated, a Delaware corporation f/k/a Xxxxxxxx Air-Xxxxx Incorporated (“Xxxxxxxx”) and, solely with respect to the DIP Revolving Facility, Xxxxxxxx Helicopters, Inc., an Oregon corporation f/k/a Evergreen Helicopters, Inc.

More Definitions of DIP Revolving Facility

DIP Revolving Facility means the super-priority debtor-in-possession revolving credit facility of Old Frontier under the DIP Revolver Credit Agreement.

DIP Revolving Facility means that certain debtor in possession credit facility entered into pursuant to the DIP Agreement providing for revolving advances of up to $22 million to be made by certain of the DIP Lenders, as extended and modified by that Order Modifying Final DIP Order Entered April 8, 2013, Approving Extension of Maturity Date of the Debtors’ Post-Petition Financing and Increasing Amount of the Revolving Commitment [Docket No. 630] and the Order Granting Debtors’ Motion for Entry of an Order Further Modifying Final DIP Order Entered on April 8, 2013, by Increasing the Amount and Extending the Maturity, and Modifying the Approved Deposit Escrow Agreement [Docket No. 933].

DIP Revolving Facility means that certain revolving facility under the DIP Revolving Loan Documents.

DIP Revolving Facility. The DIP Revolving Lenders shall commit to provide, ratably, a first lien

DIP Revolving Facility has the meaning set forth in the preamble to the Agreement.