Contract analysis
Clause-by-clause risk read on any document of the firm. Pick a contract, or open any document from a matter.
Contract analysis / dip-term-sheet.docx
dip-term-sheet.docx
High · 0
Medium · 1
Standard · 0
1. DIP Liens (first priority, priming)
1. DIP Liens (first priority, priming)
2. Pre-Petition First Liens (second priority, subject to the DIP Liens and the Carve-Out,
2. Pre-Petition First Liens (second priority, subject to the DIP Liens and the Carve-Out, and subject to replacement liens as described in Section 7.2)
3. Pre-Petition Second Liens (third priority, subject to the DIP Liens, the Carve-Out, an
Medium
⚑ Liability cap to check against exposure
3. Pre-Petition Second Liens (third priority, subject to the DIP Liens, the Carve-Out, and the Pre-Petition First Liens) SECTION 7: ADEQUATE PROTECTION FOR PRE-PETITION FIRST LIEN LENDERS 7.1 Overview. In consideration of the priming of the Pre-Petition First Liens by the DIP Liens and the use of the Debtors' cash collateral, and in satisfaction of the requirements of Sections 361, 363(e), and 364(d)(1)(B) of the Ban