What it means to be primed?

adjective. (usually followed by `to’ or `for’) on the point of or strongly disposed. “primed for a fight” synonyms: fit, set ready. completely prepared or in condition for immediate action or use or progress.

What is priming a lien?

PRIMING LIEN: A lien securing a postpetition credit extension that is senior or equal to a lien already attached to some or all of the debtor’s property.

How does debtor-in-possession financing work?

Debtor-in-possession (DIP) financing is financing for firms in Chapter 11 bankruptcy that allows them to continue operating. Lenders permit DIP financing as it allows a firm to continue operations, reorganize, and eventually pay off debts.

What does Prime mean in financing?

Prime is a term that refers to high quality in the lending market. Prime is typically associated with borrowers, loans, and/or rates. Characteristics of prime lending can include low default risk, high credit scores, and extremely low interest rates.

What does it mean to prime a security interest?

A creditor that has a PMSI has the ability to gain priority over (or to “prime”) previously perfected security interests.

Who gives DIP financing?

DIP lenders Perhaps in the majority of cases, DIP financing will be supplied by a pre-bankruptcy creditor of the insolvent company. It has been said that such lenders have an informal right of first refusal on the loan, although there may be no legal basis for such a right.

What is a dip letter?

DIP Letter of Credit Facility means the senior secured superpriority letter of credit facility plus interest, fees, and other amounts due in respect of the DIP Letters of Credit (including the DIP Cash Secured LC Facility), provided under the DIP Credit Agreement and approved by the Bankruptcy Court pursuant to the DIP …

Is priming good or bad?

Priming works best when your brain is on autopilot. When you are not trying consciously to make sense of what is happening around. Similarly adding “bio” or “all-natural” to your product primes people into getting thoughts of nature or farms.

How are people primed?

Or we can prime someone to be less rude by having them read words like patient, polite and respectful. Priming is when we expose someone to something that influences their behavior later on — without that individual being aware that the first thing guided their behavior.

How high can prime rate go?

Is there a limit on how high the United States Prime Rate can go? No. There is no limit. 21.50\% is the all-time, record-high for the United States Prime Rate, set on December 19, 1980.