DIP Accounts definition
DIP Accounts means all of the Debtor-in-Possession accounts maintained by the Debtor.
DIP Accounts means the DIP Funding Account and the Asset Sale Escrow Account.
DIP Accounts means the bank accounts set up and maintained by the Debtor in Possession in approved depositories and which accounts are property of the bankruptcy estate.
Examples of DIP Accounts in a sentence
On the Conversion Date, the Administrative Agent shall transfer any amounts remaining in the DIP Accounts to an account designated by the Borrowers.
The Lenders agree and acknowledge that the DIP Accounts Bank is an intended third party beneficiary of this Section 10.08(b).
All of such Grantor’s DIP Accounts are correctly set forth on Schedule VI.
More Definitions of DIP Accounts
DIP Accounts means the Debtor’s post-petition Operating Account [Acct. No. *1347] and/or Reserve Account [Acct. No.: *1383] at City National Bank, which are used by the Debtor and reported monthly to the Court; any reference to the DIP Accounts specifically excludes the Debtor’s rental escrow account [Acct. No. 1401].
DIP Accounts means the Debtors’ post-petition bank accounts which are reported monthly to the Court and used by the Debtors as Debtors-In-Possession.
DIP Accounts means, collectively, the Hanson DIP Account and the Kaiser DIP Account.