DIP Accounts definition

DIP Accounts means all of the Debtor-in-Possession accounts maintained by the Debtor.
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DIP Accounts means the DIP Funding Account and the Asset Sale Escrow Account.
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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].
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Examples of DIP Accounts in a sentence

  • The Debtor shall be prohibited from withdrawing or using funds from the DIP Accounts except as provided for in the Budget (including any Permitted Variances), this Interim Order, or pursuant to further order of the Court.

  • All Cash Collateral collected by the Debtor shall be immediately transferred by the Debtor to the DIP Accounts.

  • Debtor shall maintain its current accounts with the Post- Petition Agent (collectively, the "DIP Accounts"), and the Debtor shall seek entry of an order regarding its cash management system in a form acceptable to the Pre-Petition Agent and the Post-Petition Agent.

  • The Debtor shall immediately segregate, remit and deposit all Cash Collateral in the Debtor's possession, custody or control, or which the Debtor may receive in the future, into the DIP Accounts.

  • Upon consultation with the United States Trustee, the DIP Accounts shall be maintained with an authorized depository (see authorized depository list provided by the United States Trustee).

  • These DIP Accounts may include: operating, payroll, tax escrow or such other accounts as is appropriate for such a debtor, the debtor’s industry or debtor’s business.

  • All DIP Accounts must be maintained with financial institutions whose deposits are insured by the Federal Deposit Insurance Corporation (FDIC).

  • Instead, the funds were transferred from the DIP Accounts directly (or indirectly through Victory Consulting) to the account of the Warren Foundation at Banco Panameño in Panama.

  • In violation of the Cash Collateral Orders, Dickson caused the sums in the DIP Accounts to be removed and transferred to some of the Corporate Defendants and other insiders and/or affiliates of CHFS.

  • Property of the estate consists of “all legal or equitable interests of the debtor in property as of the commencement of the case.” Id. § 541(a)(1).As described in the Post-Petition, Pre-Trustee Events; Post-Petition, Post-Trustee Events; and the Combined Pre-Petition and Post-Petition Events, supra, Dickson and the Corporate Defendants transferred funds from DIP Accounts and diverted funds away from the Estate.


More Definitions of DIP Accounts

DIP Accounts means, collectively, the Hanson DIP Account and the Kaiser DIP Account.
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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.
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Related to DIP Accounts

  • Management Accounts means the unaudited management accounts of the Group, including the balance sheet, profit and loss account and cash flow statement for the period from the Balance Sheet Date to, and as at, 30 September 2014 as set out in the Disclosure Documents;

  • Financing Accounts means, collectively, the Credit Account and the Grant Account (or, where the context so requires, either of the Credit Account or the Grant Account).”

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Latest Accounts means, in respect of any financial quarter or year of the Group, the latest unaudited (in respect of each financial quarter) or audited (in respect of each financial year) financial statements required to be prepared pursuant to clause 8.1.6;