DIP Debtor definition

DIP Debtor shall have the meaning provided in the Introductory Statement.
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DIP Debtor shall have the meaning provided in the Introductory Statement. “DIP Facility” shall have the meaning provided in the Introductory Statements. “DIP Liens” shall have the meaning provided in Section 3.1.
Sample 1

Examples of DIP Debtor in a sentence

  • They analysed the US change from the pre-2000 DIP (Debtor in Possession) period as compared to the SPIP (Secured Party in Possession) period after 2000 in CH 11 proceedings.

  • Debtors’ Chapter 11 Cases To restructure their operations, the Debtors decided to run a dual-track process: the Debtors initiated an expedited sale process, and at the same time negotiated with their creditors regarding a plan of reorganization, via a DIP (Debtor in Possession) Credit Agreement.

  • Claims of the Non-DIP Debtors for payments made on behalf of the Non- DIP Debtors shall be treated as administrative expense claims in favor of the paying DIP Debtor, including, without limitation, administrative expenses of the kinds specified in or ordered pursuant to sections 105, 326, 327, 328, 330, 331, 361, 362, 363, 364, 365, 503, 506, 507(a), 507(b), 546,552, 726, 1113 and 1114 of the Bankruptcy Code.

  • For the avoidance of doubt, no proceeds from the DIP Loans or any Cash Collateral of the Prepetition Secured Parties shall be transferred from any DIP Debtor to any Debtor that is not a DIP Debtor (a “ Non-DIP Debtor”).

  • For the avoidance of doubt, no Cash Collateral of the Prepetition Secured Parties shall be transferred from any DIP Debtor to any Debtor that is not a DIP Debtor (a “Non-DIP Debtor”).

  • Debtor-in-possession proceedings (DIP) Debtor in possession proceedings are pre-insolvency proceedings or full insolvency proceedings in which the debtor is not divested of the assets but administers his assets under supervision by a court or a court appointed supervisor.

  • Products should be checked prior to acceptance, and any damaged or missing items should be detailed on the delivery note and notified by the Customer to ABC in writing on the same day that the Products have been delivered.

  • The DIP Debtor Loan Parties shall provide Wachtell, Lipton, Rosen & Katz and TRS Advisors LLC, on behalf of the Ad Hoc Crossholder Group, with (I) copies of the DIP Reporting (as defined below) promptly after providing the same to the DIP Secured Parties, if provided, and (II) a copy of Approved DIP Budget, promptly after the same is approved by the DIP Secured Parties, in each case, in accordance with paragraph 14 hereof.

  • All cash, whether existing as of the Petition Date or thereafter, wherever located (including, without limitation, all cash on deposit or maintained by the DIP Debtor Loan Parties in any account or accounts), of Pyxus and of each other Debtor that is a guarantor of any of the Prepetition Secured Obligations constitutes or will constitute “cash collateral” of the Prepetition Secured Parties and DIP Secured Parties within the meaning of section 363(a) of the Bankruptcy Code (the “Cash Collateral”).

  • Subject to the terms and conditions of this Interim Order, each of the DIP Debtor Loan Parties are hereby authorized to, and to cause the DIP Non-Debtor Guarantors to, execute, enter into, guarantee (as applicable), and perform all obligations under the DIP Facility and the DIP Loan Documents.

Related to DIP Debtor

  • New debtor means a person that becomes bound as debtor under section 9203(4) by a security agreement previously entered into by another person.

  • Prepetition Collateral shall have the meaning provided in Section 3.1(b).

  • Reorganized Debtor means a Debtor, or any successor or assign thereto, by merger, consolidation, or otherwise, on and after the Effective Date.

  • Debtor means a person who is liable on a claim.

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;

  • Prepetition means arising or accruing prior to the Petition Date.

  • DIP Motion means a motion to be filed by the Debtors with the Bankruptcy Court seeking Bankruptcy Court approval of the DIP Facility, which motion shall be consistent in all material respects with this Agreement and otherwise in form and substance reasonably acceptable to the Requisite Parties.

  • Superpriority Claim means a claim against the Borrower and any Guarantor in any of the Cases which is an administrative expense claim having priority over any or all administrative expenses of the kind specified in Sections 503(b) or 507(b) of the Bankruptcy Code.

  • DIP means debtor-in-possession.

  • DIP Facility Claims means all Claims held by the DIP Facility Agent and the DIP Facility Lenders pursuant to the DIP Facility Agreements and the Final DIP Order.

  • Debtors has the meaning set forth in the Recitals.

  • DIP Documents means the DIP ABL Documents and the DIP Term Loan Documents.

  • Subsidiary Debtors means, collectively, Congoleum Sales, Inc. and Congoleum Fiscal, Inc.

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • Reorganized Debtors means the Debtors on and after the Effective Date.

  • Postpetition means arising or accruing on or after the Petition Date and before the Effective Date.

  • DIP Loan Documents means the Replacement DIP Loan Documents (as defined in the DIP Order).

  • ABL Loan Documents means the “Loan Documents” as defined in the ABL Credit Agreement.

  • Non-Debtor Subsidiaries means all direct and indirect subsidiaries of any Debtor that are not Debtors in the Chapter 11 Cases.

  • Noteholder Claims means all Obligations in respect of the Notes or arising under the Noteholder Documents or any of them, including all fees and expenses of the Trustee thereunder.

  • Other Priority Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Second Priority Debt Documents means the Initial Second Priority Debt Documents and, with respect to any series, issue or class of Second Priority Debt, the promissory notes, indentures, Collateral Documents or other operative agreements evidencing or governing such Indebtedness, including the Second Priority Collateral Documents.

  • DIP Financing Liens has the meaning assigned to such term in Section 2.05(b).

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.