DIP Cash Collateral definition

DIP Cash Collateral means cash collateral, as such term is defined in Section 363(a) of the Bankruptcy Code and as defined in the DIP Order, arising from or relating to Collateral granted to the Administrative Agent for the benefit of the Lenders.
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DIP Cash Collateral means all “Cash Collateral” as defined by Section 363 of the Bankruptcy Code, all deposits subject to setoff and all cash arising from the collection or other conversion to cash of property or Equity Interests of Borrower in which the Pre-Petition Lenders or Pre-Petition Administrative Agent has a security interest, Lien or mortgage, whether such security interests, Liens or mortgages existed as of the commencement of the Chapter 11 Case or arise thereafter pursuant to an order, and whether the property converted to cash existed as of the commencement of the Chapter 11 Case or arose or was generated thereafter, including, without limitation, all proceeds from the sale or other disposition of the Pre-Petition Collateral or Collateral.
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DIP Cash Collateral means cash collateral, as such term is defined in the DIP Order, arising from or relating to Collateral granted to Administrative Agent for the benefit of the Lenders.
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Examples of DIP Cash Collateral in a sentence

  • The Borrower’s rights to use Cash Collateral (including, without limitation, making withdrawals from the DIP Cash Collateral Account) as provided in the Orders shall terminate upon (i) repayment of the Obligations indefeasibly in full in cash or (ii) three (3) Business Days’ written notice by the Agent (acting upon the instructions of the Required Lenders) to the Borrower or by the Borrower to the Agent of the occurrence and continuance of any Event of Default.

  • The Credit Parties shall use all proceeds of the Loans and any DIP Cash Collateral, and shall operate, strictly in accordance with the DIP Budget, as the DIP Budget may be modified pursuant to Section 5.2(s), and subject to any Permitted Variances and the Permitted Carry.


More Definitions of DIP Cash Collateral

DIP Cash Collateral shall have the meaning given to the term “Cash Collateral” in the DIP Order.
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