DIP Cash Collateral definition

DIP Cash Collateral means “Cash Collateral” as defined in the Financing Orders.
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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 DIP Obligations shall be due and payable, without notice or demand, and the right of the Debtors to use Prepetition Cash Collateral and DIP Cash Collateral pursuant to this Order shall automatically cease on the Termination Date (as defined herein), except as provided in paragraph 19 herein; provided that following any Termination Event use of Prepetition Cash Collateral shall continue to be permitted as and to the extent provided in the Final Cash Collateral Order.

  • Notwithstanding anything to the contrary herein, in the event the consensual use of DIP Cash Collateral is terminated in accordance with paragraph 11 hereof, the Debtors and the Creditors’ Committee reserve their rights under section 506(c) of the Bankruptcy Code solely with respect to costs and expenses incurred in respect of the DIP Collateral after the Termination Date and the DIP Secured Parties reserve their rights to contest any such assertion on any basis.

  • The Debtor is further authorized to open a DIP Cash Collateral Account at Wells Fargo Bank (the “ DIP CC Account”), which going forward the Debtor has the option to i) deposit accounts receivable checks (the “A/R Checks”) received by the Debtor (which are NMFLP’s cash collateral) into the DIP CC Account or ii) deposit the A/R Checks directly into the MidFirst Account using the Debtor’s Telecheck scanner for the MidFirst Account.

  • 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.

  • The Debtors have an urgent need for the immediate use of the Cash Collateral pending the final hearing on this DIP /Cash Collateral Motion and seek to use Cash Collateral existing on or after the Petition Date in accordance with the DIP Loan Agreement.

  • Since the prepetition TD Account will be closed, the Debtor seeks Court approval, with the consent of the Office of the United States Trustee, to open a DIP Cash Collateral Account at Wells Fargo Bank (“ DIP CC Account”), an authorized depository.

  • As used herein, the following terms have the meanings set forth below: ABL DIP Cash Collateral Account: the Cash Collateral Account holding the Expense Deposit Cash Collateral, each as defined in and pursuant to that certain letter agreement, dated the date hereof, among Wells Fargo Capital Finance, LLC, as administrative agent, Company and certain of its Subsidiaries party thereto, ABL Priority Collateral: any “ABL Priority Collateral” as defined in the Intercreditor Agreement.

  • Upon completion of the Restructuring Transaction on November 2, 2016, the conditions associated with the DIP Cash Collateral Account were removed and the remaining cash balance present was transferred back to the Company’s operating accounts.

Related to DIP Cash Collateral

  • Cash Collateral shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Cash Collateral Accounts shall have the meaning given to such term in Section 11.1 hereof.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Cash Collateral Agreement shall have the meaning provided in Section 5.2(b).

  • Cash Collateralization has a correlative meaning.

  • Required Cash Collateral Amount shall have the meaning provided in Section 3.7(c).

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Final Cash Collateral Order means the Final Order (I) Authorizing Use of Cash Collateral, (II) Granting Adequate Protection, (III) Modifying the Automatic Stay to Permit Implementation, and (IV) Granting Related Relief [Docket No. 988] entered by the Bankruptcy Court on March 25, 2015, including all stipulations related thereto.

  • Cash Collateralize has the meaning specified in Section 2.03(g).

  • Bank Product Collateralization means providing cash collateral (pursuant to documentation reasonably satisfactory to Agent) to be held by Agent for the benefit of the Bank Product Providers (other than the Hedge Providers) in an amount determined by Agent as sufficient to satisfy the reasonably estimated credit exposure with respect to the then existing Bank Product Obligations (other than Hedge Obligations).

  • Cash Collateral Order means an order entered by the Bankruptcy Court authorizing the Company to use cash collateral on a final (as opposed to interim) basis pursuant to sections 361 and 363 of the Bankruptcy Code, which order shall be acceptable to the Investor and shall contain a cash budget that is similar in all material respects to the budget attached hereto as Exhibit A.

  • Credit Obligations means all principal, interest, fees, reimbursements, indemnifications, and other amounts now or hereafter owed by the Borrower to the Agent and the Banks (or with respect to the Interest Hedge Agreements, any Affiliates of the Banks) under this Agreement, the Notes, the Letter of Credit Documents, and the other Credit Documents and any increases, extensions, and rearrangements of those obligations under any amendments, supplements, and other modifications of the documents and agreements creating those obligations.

  • Cash Collateral Orders means, collectively, the Interim Cash Collateral Order and the Final Cash Collateral Order.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • LC Obligations means, at any time, the sum, without duplication, of (i) the aggregate undrawn stated amount under all Facility LCs outstanding at such time plus (ii) the aggregate unpaid amount at such time of all Reimbursement Obligations.

  • Credit Agreement Obligations means the “Obligations” as defined in the Credit Agreement.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.09. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under its sole dominion and control.

  • Letter of Credit Collateralization means either (a) providing cash collateral (pursuant to documentation reasonably satisfactory to Agent, including provisions that specify that the Letter of Credit Fees and all commissions, fees, charges and expenses provided for in Section 2.11(k) of the Agreement (including any fronting fees) will continue to accrue while the Letters of Credit are outstanding) to be held by Agent for the benefit of the Revolving Lenders in an amount equal to 105% of the then existing Letter of Credit Usage, (b) delivering to Agent documentation executed by all beneficiaries under the Letters of Credit, in form and substance reasonably satisfactory to Agent and Issuing Bank, terminating all of such beneficiaries’ rights under the Letters of Credit, or (c) providing Agent with a standby letter of credit, in form and substance reasonably satisfactory to Agent, from a commercial bank acceptable to Agent (in its sole discretion) in an amount equal to 105% of the then existing Letter of Credit Usage (it being understood that the Letter of Credit Fee and all fronting fees set forth in the Agreement will continue to accrue while the Letters of Credit are outstanding and that any such fees that accrue must be an amount that can be drawn under any such standby letter of credit).