Definition of Term DIP Agent

Term DIP Agent means "Administrative Agent" and "Collateral Agent" under the Term DIP Credit Agreement and their successors in such capacity.
Sample 1

Examples of Term DIP Agent in a sentence

Delivery of copies of all pleadings, motions, applications, judicial information, financial information or otherwise filed with the Bankruptcy Court and concurrently with the delivery to Term DIP Agent, the Indenture Trustee or Lloyds Group TSB plc, copies of the financial information and other materials provided thereto in accordance with the Term DIP Facility, the Senior Secured Notes Indenture or the asset based revolving credit facility with Lloyds TSB Group plc, respectively; 4.
If any Collateral is in the possession of a third party (including Term DIP Agent), at DIP Agent's request, Borrowers shall obtain an acknowledgment that such third party holds the Collateral for the benefit of DIP Agent.
Notwithstanding anything to the contrary, Borrowers shall execute and deliver to DIP Agent, for the benefit of DIP Secured Parties, Mortgages, deposit accounts control agreements, Lien Waivers and other DIP Security Documents to the extent provided to any Term DIP Agent or executed in respect of any Delayed Draw Term DIP Loans.