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

  • 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.

  • 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.

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

  • 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.

  • On the Conversion Date, the Administrative Agent shall transfer any amounts remaining in the DIP Accounts to an account designated by the Borrowers.

  • 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).

  • On 9 June 2014, the remaining 17% of the issued share capital of the Company was distributed, through distribution in specie, to the shareholders of Mega Medical.

  • On the Closing Date prior to the Closing, Citigroup shall contribute to the capital of the CAM Subsidiaries an amount equal to the sum of the aggregate value on the Closing Date of the replacement awards granted in respect of the CAM Forfeited Equity Awards and the Forfeited DIP Accounts (such sum, the “Citigroup Continuing Deferred Compensation Amount”).

  • 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 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, collectively, the Hanson DIP Account and the Kaiser DIP Account.
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.

Related to DIP Accounts

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Collection Accounts As defined in Section 3.10(a).

  • Intercompany Accounts has the meaning set forth in Section 2.03(a).

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

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Separate Accounts means the accounts which are to be prepared for each

  • 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.

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • Last Accounts means the Accounts of the Target Companies in respect of the financial period ended on the Last Accounts Date;

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Energy Accounts means the regional energy accounts/state energy accounts as specified in the Grid Code issued by the appropriate agency for each Month (as per their prescribed methodology), including the revisions and amendments thereof;

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Eligible Unbilled Accounts means Accounts of the Obligors that does not qualify as an Eligible Account solely because (a) the goods giving rise to such Account have not been shipped and billed to the Account Debtor, or (b) the services giving rise to such Account have not been performed and billed to the Account Debtor and, in either case, so long as such Accounts have not been unbilled for more than thirty (30) days. For the avoidance of doubt, at such time as an Account is billed to the Account Debtor it shall no longer be an “Eligible Unbilled Account”.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • 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;

  • Mortgagor Accounts As defined in Section 3.07(a) of this Agreement.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.