Bridge Loan Obligations definition

Bridge Loan Obligations means the full and prompt payment when due (whether at the stated maturity, by acceleration or otherwise) of all obligations (including obligations which, but for the automatic stay under Section 362(a) of the Bankruptcy Code, would become due) and liabilities (including, without limitation, indemnities, fees and interest thereon) of a Pledgor under the Pledge Agreement (as obligor or guarantor, as the case may be) and each Borrower to the Bridge Lender Creditors, whether now existing or hereafter incurred under, arising out of or in connection with the Bridge Loan Agreement and all other Bridge Loan Documents to which it is at any time a party (including, without limitation, all such obligations and liabilities of such Pledgor under the Bridge Loan Agreement (if a party thereto) and under any guaranty by it of the obligations under the Bridge Loan Agreement) and the due performance and compliance by such Pledgor with the terms of each Bridge Loan Document.

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Bridge Loan Obligations any and all “Obligations” under, and as defined in, the Bridge Loan Agreement.

Bridge Loan Obligations means all advances to, and debts, liabilities, fees, commissions, obligations, covenants and duties of, any Loan Party arising under any Bridge Loan Document or otherwise with respect to any Bridge Note, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding.

Examples of Bridge Loan Obligations in a sentence

REMEDIES" shall mean, with respect to an Event of Default hereunder, the acceleration of the Bridge Loan Obligations or the exercise of any remedies in respect of such Event of Default (including, without limitation, the right to ▇▇▇ Holdings, the Borrower or any Subsidiary or to file or participate in any involuntary bankruptcy proceeding against Holdings, the Borrower or any of their respective Subsidiaries).
The proceeds of the Mortgage Loan shall be used to repay a portion of "Bridge Loan" Obligations to the Bank as defined in the Credit Facility Agreement among the Bank and the Borrower dated as of February 12, 1996.
If, while any Senior Indebtedness is outstanding, any Event of Default under SECTION 10.01(f) occurs, the Lenders shall take such action as the Agent may reasonably request to collect any payment with respect to the Bridge Loan Obligations for the account of the holders of the Senior Indebtedness and to file appropriate claims or proofs of claim in respect of the Bridge Loan Obligations.
In the event of an IPO, notwithstanding any other provision contained herein to the contrary, the limitations on payments and Remedies set forth in the preceding sentence are the only restrictions and limitations applicable to the Bridge Loan Obligations and the Lenders.
Upon entry of the Final Order, without any further action by the Debtors or any other party, and as a condition to the provision of liquidity under the DIP Facility, all DIP Roll-Up Obligations shall be replaced and refinanced and shall constitute DIP Obligations; provided that, pending entry of the Final Order, for each $1 drawn by the Debtors under the DIP Facility, $1 of the Bridge Loan Obligations shall convert or “roll up” into DIP Obligations.

More Definitions of Bridge Loan Obligations

Bridge Loan Obligations shall include, without limitation, all interest, charges and fees (including reasonable attorneys fees’ and expenses) accrued or accruing (or which would, absent commencement of an insolvency or liquidation proceeding under any Bankruptcy Law, accrue) after the commencement of an insolvency or liquidation proceeding in accordance with the Bridge Loan Documents whether or not the claim for such interest, charges or fees are allowable, recoverable or enforceable in such insolvency or liquidation proceeding. For all purposes hereunder, “Bridge Loan Obligations” shall also include all indebtedness, obligations and liabilities of the obligors thereunder (or any one or more of them) to repay any amounts previously paid by the obligors thereunder (or any one or more of them) pursuant to the obligors thereunder, which amounts have been returned to the obligors thereunder (or any one or more of them), any of their bankruptcy estates, to a trust or similar structure established under a plan of reorganization or liquidation of the obligors thereunder (or any one or more of them) or to a trustee or similar person by the Lenders under the Bridge Loan Agreement pursuant to Sections 542, 544, 545, 547, 548, 549, 550, 553 and 724(a) of the Bankruptcy Code or otherwise under other applicable legislation.

Bridge Loan Obligations means all obligations, liabilities and indebtedness outstanding at any time under the Bridge Loan Agreement or any other Bridge Loan Documents. “Bridge Loan Obligations” shall include, without limitation, all interest, charges and fees (including reasonable attorneys fees’ and expenses) accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding, accrue) after the commencement of an Insolvency or Liquidation Proceeding in accordance with the Bridge Loan Documents whether or not the claim for such interest, charges or fees are allowable, recoverable or enforceable in such Insolvency or Liquidation Proceeding. For all purposes hereunder, “Bridge Loan Obligations” shall also include all indebtedness, obligations and liabilities of the Bridge Loan Parties (or any one or more of them) to repay any amounts previously paid by the Bridge Loan Parties (or any one or more of them) pursuant to the Bridge Loan Documents, which amounts have been returned to the Bridge Loan Parties (or any one or more of them), any of their bankruptcy estates, to a trust or similar structure established under a plan of reorganization or liquidation of the Bridge Loan Parties (or any one or more of them) or to a trustee, Receiver or similar Person by the Bridge Loan Agent pursuant to Sections 542, 544, 545, 547, 548, 549, 550, 553 and 724(a) of the Bankruptcy Code, any Canadian Avoidance Law or otherwise under other applicable legislation.

Bridge Loan Obligations means all Obligations under the Bridge Loan.

Bridge Loan Obligations means all obligations owing by Borrower or any of its Subsidiaries under the Bridge Loan Documents.

Bridge Loan Obligations means the `Credit Party Obligations' (as such term is defined in the Bridge Credit Agreement)."

Bridge Loan Obligations means, without duplication, (a) the “Obligations” as defined in the Existing Credit Agreement solely related to the Amendment No. 2 Delayed Draw Term Loans and (b) any incremental “Obligations” as defined in and under the Existing Credit Agreement incurred by the Company with respect to additional Amendment No. 2 Delayed Draw Term Loans or any other tranche of Loans under the Existing Credit Agreement following the Support Effective Date.

Bridge Loan Obligations means the Indebtedness incurred and Obligations under this Agreement.