Example ContractsClausesDIP Financing
DIP Financing
DIP Financing contract clause examples

DIP Financing: The Debtor will enter into the DNB DIP facility (the “DNB DIP Facility”) on terms and conditions set forth in that certain DIP Commitment Letter, dated May 15, 2017, which terms and conditions are reasonably acceptable to the Debtor and the Requisite Noteholders. Upon commencement of the Chapter 11 Case, the Debtor will seek entry of interim and final orders authorizing the Debtor to, among other things, incur obligations under the DNB DIP Facility (the “Interim DIP Order” and the “Final DIP Order,” respectively), each of which will be reasonably acceptable, in form and substance, to DNB, as lender under the DIP Facility, the Debtor, and the Requisite Noteholders.

DIP Financing” shall have the meaning set forth in Section 6.1.

DIP Financing” has the meaning assigned to such term in Section 2.05(b).

DIP Financing” has the meaning assigned to such term in Section 4.02(b).

DIP Financing” has the meaning set forth in Section 6.1(a) hereof.

DIP Financing” shall mean debtor-in-possession financing provided by or consented to any one or more of the Senior Lenders in a Proceeding described in Section 2.10(b).

DIP Financing” has the meaning assigned to that term in Section 6.1(a).

DIP Financing” means the obtaining of credit or incurring of debt by any Grantor secured by a Lien on the Collateral pursuant to section 364 of the Bankruptcy Code (or similar Bankruptcy Law).

DIP Financing” has the meaning given to such term in Section 3.06.

DIP Financing. If the Obligor shall be subject to any Insolvency Proceeding and the Senior Collateral Agent shall desire, prior to the Discharge of all Indebtedness to permit the use of cash collateral or to permit the Obligor to obtain financing (collectively, “DIP Financing”) under Section 363 or Section 364 of the Bankruptcy Code (or any similar provision under the law applicable to any Insolvency Proceeding) to be secured by all or any portion of the Collateral, then each Existing Secured Party agrees that it will raise no objection to such DIP Financing and will not request adequate protection (other than adequate protection consisting of a Lien or claim that is subordinated to the Lien or claim of Senior Collateral Agent entitled to priority over the Lien or claim of such Party under Sections 2 and 3 hereof, as the case may be, at least to the extent set forth in this Agreement) or any other relief in connection with its or their interest in any such Collateral and hereby waives any right it may otherwise have to adequate protection of its interest in the Collateral. Each Existing Secured Party hereby agrees that its Liens in the Collateral shall be subordinated to such DIP Financing (and all obligations relating thereto) to the extent and upon the terms and conditions specified in this Agreement.

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