DIP Orders definition
Examples of DIP Orders in a sentence
Subject to the DIP Orders, to the extent it may lawfully do so, each Loan Party absolutely and irrevocably waives and relinquishes the benefit and advantage of, and covenants not to assert against the Collateral Agent or any Lender or other Secured Party, any valuation, stay, appraisement, extension, redemption or similar laws and any and all rights or defenses it may have as a surety, now or hereafter existing, arising out of the exercise by them of any rights hereunder.
Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner any Subordinated Indebtedness, or make any payment in violation of any subordination terms of any Subordinated Indebtedness, except as required or contemplated by the DIP Orders.
All of the rights and remedies of the Collateral Agent and any other Secured Party under any Loan Document shall be cumulative, may be exercised individually or concurrently and not exclusive of any other rights or remedies provided by any applicable Law and subject to the DIP Orders.
Subject to the DIP Orders, the Chapter 11 Debtors shall maintain the proceeds of the Term Loans (other than de minimis amounts or amounts being moved to other accounts of the Debtors in order to facilitate disbursements in the ordinary course) in a segregated account (which shall be that certain account ending in x9842 at JPMorgan Chase Bank, N.A.) solely for the purposes of holding such proceeds pending disbursement pursuant to the Approved Budget, subject to Permitted Variances.
Upon entry by the Bankruptcy Court of the DIP Orders, this Agreement and each other Loan Document when so delivered will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance with its terms, subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.