Examples of DIP Security Agreement in a sentence
The obligations of the DIP Borrowers under the DIP Credit Agreement, which became effective by its terms on October 30, 2009, are secured by the assets of the DIP Borrowers and certain of FairPoint Communications’ subsidiaries as set forth in the DIP Security Agreement and the DIP Pledge Agreement (each as defined herein).
On October 15, 2015, SGB, as borrower, and its subsidiaries, as guarantors, entered into the DIP Credit Agreement with HCI, and, as condition to the making of the DIP Loan, SGB and its subsidiaries entered into the DIP Security Agreement, also dated as of October 15, 2015, with HCM pursuant to which SGB and its subsidiaries granted HCM a first priority security interest in all of their respective assets for the benefit of HCI.
If the DIP Loan is approved, then the parties will execute the DIP Note and DIP Security Agreement which, along with any final order, will govern the borrower/lender relationship of the parties.
The terms of this loan are more specifically listed in Paragraph 15 of this Motion and will be evidenced by the following loan documents, to be executed upon the Court’s approval of such financing on an interim basis: the DIP Credit Agreement, Promissory Note and DIP Security Agreement, copies of which are attached as Exhibits A, B and C hereto.
On October 15, 2015, SGB, as borrower, and its subsidiaries, as guarantors, entered into the DIP Credit Agreement with HCI, and, as condition to the making of the DIP Loan, SGB and its subsidiaries entered into the DIP Security Agreement, also dated as of October 15, 2015, with HCM pursuant to which SGB and its subsidiaries granted HCM a first priority security interest in all of their respective assets for the benefit of HCI.
Vésteinn uses it with reference to the Íslendingasögur, but, following Tommy Danielsson, I have no difficulty in extending the usage to the kings’ sagas as well.
In addition, the Debtors shall have received formal approval of the DIP Lenders, consenting to the consummation of the transactions contemplated in the Purchase Agreement and releasing security interests granted to them pursuant to the DIP Security Agreement.
Keywords— Access control, assured deletion, storage data, backup, recovery.
The DIP Loan will be formally evidenced by a "Promissory Note (DIP Loan)" (the " DIP Note") and a "Security Agreement (DIP Loan)" (the "DIP Security Agreement"), which arein the process of being documented consistent with the Term Sheet.
The Debtors and New Lender request that any objections to the form of the DIP Note and DIP Security Agreement be filed no later than 2 business days prior to the final hearing.