DIP Collateral definition

DIP Collateral means all property of the Estate that is collateral under the Liens securing the DIP Claims under and in accordance with the DIP Credit Agreement and the DIP Financing and Cash Collateral Order.
DIP Collateral has the meaning assigned to such term in the definition of “Collateral”.
DIP Collateral shall have the meaning provided in Section 3.1.

Examples of DIP Collateral in a sentence

  • Notwithstanding the foregoing, such a loan will not be deemed to be a DIP Collateral Obligation following the emergence of the related debtor-in-possession from bankruptcy protection under Chapter 11 of the Bankruptcy Code.

  • The LP DIP Lenders shall not be subject to the equitable doctrine of “marshaling” or any other similar doctrine with respect to any of the LP DIP Collateral.

  • The LP DIP Lenders 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 LP DIP Lenders or the Prepetition LP Secured Parties with respect to proceeds, product, offspring, or profits of any of the Prepetition LP Collateral or the LP DIP Collateral.

  • Executed counterparts of a lien release letter terminating the DIP Collateral Documents.

  • The Debtors shall not sell, transfer, lease, encumber, or otherwise dispose of any portion of the LP DIP Collateral outside of the ordinary course of business unless approved by the Court, subject to the right of any party in interest to object.


More Definitions of DIP Collateral

DIP Collateral means the Replacement DIP Collateral.
DIP Collateral has the meaning assigned to such term in the DIP Order.
DIP Collateral means (i) all of the “Collateral”, “Pledged Collateral”, “Pledged Assets” (Bienes Pignorados), “Pledged Shares” (Acciones Pignoradas), “Trust Assets” (Bienes Fideicomitidos), “Trust Estate” (Patrimonio del Fideicomiso), “Pledged Aircraft” (Aviones Pignorados), “Mortgaged Property” and “Mortgaged Collateral” (or words of similar import) referred to in the Collateral Documents and (ii) all of the other property and assets that are or are intended under the terms of the Collateral Documents to be subject to Liens in favor of the Collateral Agent for the benefit of the DIP Secured Parties; provided, that, the DIP Collateral shall not include Excluded Assets. For the avoidance of doubt, the DIP Collateral shall include the proceeds of any Avoidance Actions.
DIP Collateral means all assets, property and interests in assets and property and proceeds thereof now owned or hereafter acquired by any Loan Party in or upon which a DIP Lien is granted or purported to be granted by such Person in favor of the Agent, for the benefit of itself and the other Secured Parties, under any of the Loan Documents, including, without limitation, pursuant to the Orders, Section 2.08 and Section 2.09.
DIP Collateral means all of the property of Borrower, real and personal, tangible and intangible, subject to the liens, security interests and mortgages granted by Borrower to secure the DIP Obligations.
DIP Collateral means all property and assets, whether now owned by or owing to, or hereafter acquired by or arising in favor of, each Debtor (including under any trade names, styles or derivations thereof), and whether owned or consigned by or to, or leased from, such Debtor, and regardless of where located, including, without limitation: (a) cash and cash equivalents; (b) all funds and other items of value in any account of such Debtor including, without limitation, all securities accounts and deposit accounts; (c) all accounts and other receivables; (d) contract rights;
DIP Collateral means any and all “Property” as defined in the Mortgage and/or the Financing Orders, together with any other collateral granted by the Debtor to the DIP Lender pursuant to any other DIP Collateral Document, as applicable.