DIP Collateral definition

DIP Collateral means all property of the Estate that is collateral under the Liens securing the DIP Claims under and in accordance with the DIP Credit Agreement and the DIP Financing and Cash Collateral Order.
DIP Collateral shall have the meaning provided in Section 3.1.
DIP Collateral has the meaning assigned to such term in the definition of “Collateral”.

Examples of DIP Collateral in a sentence

  • For the avoidance of doubt, this paragraph 20 shall not limit the Debtors’ right to use DIP Collateral to contest whether an Event of Default has occurred hereunder pursuant to and consistent with paragraph 8 of this Interim Order.

  • The Prepetition Liens, and the DIP Liens that prime the Prepetition Liens, are continuing liens and the DIP Collateral is and will continue to be encumbered by such liens until indefeasible payment in full of all Prepetition Secured Debt and all DIP Obligations, respectively, in light of the integrated nature of the DIP Facility, the DIP Documents and the Prepetition Secured Debt Documents.

  • The Debtors shall not sell, transfer, lease, encumber or otherwise dispose of any portion of the DIP Collateral, except as otherwise provided for in the DIP Documents or an order of the Court.

  • Subject to entry of the Final Order, in no event shall the DIP Secured Parties or the Prepetition Secured Parties be subject to the equitable doctrine of “marshaling” or any similar doctrine with respect to the DIP Collateral, the DIP Obligations, the Prepetition Secured Debt, or the Prepetition Collateral.

  • The Debtors shall continue to maintain and insure the Prepetition Collateral and DIP Collateral in amounts and for the risks, and by the entities, as required under the Prepetition Secured Debt Documents and the DIP Documents.


More Definitions of DIP Collateral

DIP Collateral means the Replacement DIP Collateral.
DIP Collateral has the meaning assigned to such term in the DIP Order.
DIP Collateral means (i) all of the “Collateral”, “Pledged Collateral”, “Pledged Assets” (Bienes Pignorados), “Pledged Shares” (Acciones Pignoradas), “Trust Assets” (Bienes Fideicomitidos), “Trust Estate” (Patrimonio del Fideicomiso), “Pledged Aircraft” (Aviones Pignorados), “Mortgaged Property” and “Mortgaged Collateral” (or words of similar import) referred to in the Collateral Documents and (ii) all of the other property and assets that are or are intended under the terms of the Collateral Documents to be subject to Liens in favor of the Collateral Agent for the benefit of the DIP Secured Parties; provided, that, the DIP Collateral shall not include Excluded Assets. For the avoidance of doubt, the DIP Collateral shall include the proceeds of any Avoidance Actions.
DIP Collateral means, collectively, the Liquidation Funds and the DIP Non-Liquidation Funds Collateral.
DIP Collateral means all of the property of Borrower, real and personal, tangible and intangible, subject to the liens, security interests and mortgages granted by Borrower to secure the DIP Obligations.
DIP Collateral means, all now owned or hereafter acquired assets and property, whether real or personal, of the Debtors including, without limitation, all Prepetition Collateral, all assets and property pledged under the DIP Loan Documents, and all cash, any investment of such cash, inventory, accounts receivable, including intercompany accounts (and all rights associated therewith), other rights to payment whether arising before or after the Petition Date, contracts, contract rights, chattel paper, goods, investment property, inventory, deposit accounts (including the cash collection, “lockbox” and “concentration” accounts described in paragraph 14 or otherwise under the DIP Loan Documents), “core concentration accounts,” “cash collateral accounts”, and in each case all amounts on deposit therein from time to time, equity interests, securities accounts, securities
DIP Collateral means all assets, property and interests in assets and property and proceeds thereof now owned or hereafter acquired by any Loan Party in or upon which a DIP Lien is granted or purported to be granted by such Person in favor of the Agent, for the benefit of itself and the other Secured Parties, under any of the Loan Documents, including, without limitation, pursuant to the Orders, Section 2.08 and Section 2.09.