DIP Liens definition

DIP Liens shall have the meaning provided in Section 3.1.

DIP Liens means the Liens granted to the DIP Lenders pursuant to the DIP Order.

DIP Liens shall have the meaning set forth in Section 6.2.

Examples of DIP Liens in a sentence

• No lien or interest avoided and preserved for the benefit of the estate pursuant to section 551 of the Bankruptcy Code shall be pari passu with or senior to the DIP Liens.

• Specifically, TCB, as assignee of the DIP Loan Claim from BTS Enterprises pursuant to the Final DIP Loan Order and that certain Collateral Assignment of Note, shall retain its second priority DIP Liens (subordinated only to the TCB Secured Claim) and security interest in, to and against the applicable collateral for all amounts relating to its DIP Loan Claim.

• Subject to the terms and conditions contained in this paragraph, upon the occurrence of the Final Maturity Date, the LP DIP Liens and the LP DIP Superpriority Claim, which have the relative lien and payment priorities as set forth herein, shall, in any event, be subject and subordinate to the LP Carve-Out, without duplication.

• BTS Enterprises shall retain its second priority DIP Liens (subordinated only to the TCB Secured Claim) and security interest in, to, and against the applicable collateral for all amounts relating to its DIP Loan Claim, including all rights granted to BTS Enterprises in the DIP Note, DIP Facility Documents, Interim DIP Loan Order, and Final DIP Loan Order, which shall be collaterally assigned to TCB.

• The LP DIP Liens shall not be subject to sections 510, 549, 550, or 551 of the Bankruptcy Code or the “equities of the case” exception of section 552 of the Bankruptcy Code or section 506(c) of the Bankruptcy Code.

More Definitions of DIP Liens

DIP Liens means the senior secured superpriority liens granted to the DIP Lender in all of the Debtor’s Assets under the Final DIP Order.

DIP Liens means all liens, charges, mortgages and similar instruments pledging collateral to secure the DIP Claims in accordance with, and pursuant to, the DIP Loan Documents.

DIP Liens means the Liens securing the payment of the DIP Super-Priority Claims. “DIP Orders” means, collectively, the DIP Interim Order and the DIP Final Order.

DIP Liens the Liens described in Sections 3.15(b) and (c).

DIP Liens means the Liens and security interests granted to Agent, for the benefit of the Secured Parties, pursuant to the Security Documents and the Orders, which such Liens and security interests shall have the priorities set forth in the Orders.

DIP Liens means the Liens described in Section 11.2 hereof.

DIP Liens as defined in Section 6.2.