Common use of Use of Cash Collateral and DIP Financing Clause in Contracts

Use of Cash Collateral and DIP Financing. 1. Until the date on which the Senior Obligations shall have been paid in full, no Letters of Credit shall be outstanding and the Commitments shall have been terminated, if an Insolvency Proceeding has commenced, no Subordinated Party will, or will direct the Administrative Agent to, contest, protest or object to, any use, sale or lease of “cash collateral” (as defined in section 363(a) of the Bankruptcy Code) if the Administrative Agent, on behalf of the Senior Parties, has consented in writing to such use, sale or lease; provided, that the Subordinated Parties will have the right to seek adequate protection permitted by Section 10(f) and if such adequate protection is not granted, the Subordinated Parties will have the right to object under this Section 10(c) solely on such basis.

Use of Cash Collateral and DIP Financing. 1. Until the date on which the Senior Obligations shall have been paid in full, no Letters of Credit shall be outstanding and the Commitments shall have been terminated, if an Insolvency Proceeding has commenced, no Subordinated Party will, or will direct the Administrative Agent to, contest, protest or object to, any use, sale or lease of “cash, negotiable instruments, documents of title, securities, deposit accounts, or other cash collateral” (as defined in section 363(a) of the Bankruptcy Code) equivalents if the Administrative Agent, on behalf of the Senior Parties, has consented in writing to such use, sale or lease; provided, that the Subordinated Parties will have the right to seek adequate protection permitted by Section 10(f) and if such adequate protection is not granted, the Subordinated Parties will have the right to object under this Section 10(c) solely on such basis.

Use of Cash Collateral and DIP Financing. 1. (i) Until the date on which the Senior Obligations shall have been paid in full, no Letters of Credit shall be outstanding and the Commitments shall have been terminated, if an Insolvency Proceeding has commenced, no Subordinated Party will, or will direct the Administrative Agent to, contest, protest or object to, any use, sale or lease of “cash collateral” (as defined in section 363(a) of the Bankruptcy Code) if the Administrative Agent, on behalf of the Senior Parties, has consented in writing to such use, sale or lease; provided, that the Subordinated Parties will have the right to seek adequate protection permitted by Section 10(f) and if such adequate protection is not granted, the Subordinated Parties will have the right to object under this Section 10(c) solely on such basis.

Use of Cash Collateral and DIP Financing. 1. (i) Until the date on which the Senior Obligations shall have been paid in full, no Letters of Credit shall be outstanding and the Commitments shall have been terminated, if an Insolvency Proceeding has commenced, no Subordinated Party will, or will direct the Administrative Collateral Agent to, contest, protest or object to, any use, sale or lease of “cash collateral” (as defined in section 363(a) of the Bankruptcy Code) if the Administrative Collateral Agent, on behalf of the Senior Parties, has consented in writing to such use, sale or lease; provided, that the Subordinated Parties will have the right to seek adequate protection permitted by Section 10(f) and if such adequate protection is not granted, the Subordinated Parties will have the right to object under this Section 10(c) solely on such basis.