DIP Collateral definition

DIP Collateral has the meaning assigned to such term in the definition of “Collateral”.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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.

Examples of DIP Collateral in a sentence

Other than as set forth above, the DIP Liens shall be senior to all security interests in, liens on, or claims against any of the DIP Collateral, including any lien or security interest that is avoided or preserved for the benefit of the Debtors and their estates under section 551 of the Bankruptcy Code.
The Debtors shall maintain at all times casualty and loss insurance coverage for the Prepetition Collateral and the DIP Collateral on substantially the same basis as maintained prior to the Petition Date.
Each of the Secured Parties is adequately protected to the extent of any diminution in the value of their respective interests in property of the estate resulting from the use of cash in the Specified Encumbered Accounts as authorized pursuant to the Second Interim Adequate Protection Order and the Interim DIP Order by the value of the Prepetition Collateral, the DIP Collateral, the Owned Aircraft Surplus, and the Satisfaction of Replenishment Obligations.
Without limiting the foregoing, the Secured Notes Adequate Protection Liens shall otherwise be senior to all other security interests in, liens on, or claims against any of the DIP Collateral (subject to the relative priorities set forth in Exhibit 1), including (but subordinate and junior to the DIP Liens) any lien or security interest that is avoided and preserved for the benefit of the Debtors and their estates under section 551 of the Bankruptcy Code.
Upon entry of the Interim DIP Order and as reaffirmed by this Final Order, the DIP Facility Agent and the RCF Agents shall be deemed to be, without any further action or notice, named as an additional insured and lender’s loss payee on each insurance policy maintained by the Debtors which in any way relates to the DIP Collateral.

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, collectively, the Liquidation Funds and the DIP Non-Liquidation Funds

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.

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 property and assets, whether now owned by or owing to, or hereafter acquired by or arising in favor of, each Debtor (including under any trade names, styles or derivations thereof), and whether owned or consigned by or to, or leased from, such Debtor, and regardless of where located, including, without limitation: (a) cash and cash equivalents; (b) all funds and other items of value in any account of such Debtor including, without limitation, all securities accounts and deposit accounts; (c) all accounts and other receivables; (d) contract rights;

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