Common use of Section 552(b) Clause in Contracts

Section 552(b). Subject to a Final Order, the DIP Secured Parties and the Prepetition Secured Parties shall each be entitled to all of the rights and benefits of Section 552(b) of the Bankruptcy Code and the “equities of the case” exception under Section 552(b) of the Bankruptcy Code shall not apply to the DIP Secured Parties or the Prepetition Secured Parties with respect to proceeds, product, offspring or profits of any of the Prepetition Collateral or the DIP Collateral.

Appears in 3 contracts

Samples: Restructuring Support Agreement (Accuride Corp), Convertible Notes Commitment Agreement (Accuride Corp), Restructuring Support Agreement (Accuride Corp)

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Section 552(b). Subject to a Final Order, the The DIP Secured Parties and the Prepetition Pre-Petition Secured Parties shall each be entitled to all of the rights and benefits of Section section 552(b) of the Bankruptcy Code and the “equities of the case” exception under Section section 552(b) of the Bankruptcy Code shall not apply to the DIP Secured Parties or the Prepetition Pre-Petition Secured Parties with respect to proceeds, product, offspring or profits of any of the Prepetition Pre-Petition Collateral or the DIP Collateral.

Appears in 2 contracts

Samples: Credit Agreement (Smurfit Stone Container Corp), Credit Agreement (Smurfit Stone Container Corp)

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