Examples of Postpetition Financing Agreement in a sentence
Unless otherwise agreed by the Postpetition Lenders pursuant to the Postpetition Financing Agreement, on or before the Effective Date, Postpetition Lender Claims that are Allowed Administrative Claims will be paid in Cash equal to the amount of those Allowed Administrative Claims.
The Debtors' postpetition operations have been financed from operating cash flow and borrowings pursuant to the Postpetition Financing Agreement.
On the Effective Date, except to the extent the Plan provides otherwise for any Allowed Other Secured Claim, all liens, security interests, and pledges securing (a) Allowed Other Secured Claims, (b) the obligations incurred pursuant to and in connection with the Prepetition Credit Agreement, the Postpetition Financing Agreement, the Postpetition Financing Order, any orders entered in the Canadian Proceedings and (c) any other secured obligations of any of the Debtors will be released.
This, in turn, could cause an event of default under the Postpetition Financing Agreement and Postpetition Financing Order that could give rise to termination of the postpetition credit facility and the Debtors' ability to use cash collateral as well as the exercise of remedies by the DIP Agent with respect to some or all of the Debtors' assets.
Neither Atkins Holdings nor Atkins Holdings II has any assets, other than investments in their respective direct subsidiaries, or liabilities other than those incurred through guarantees of the Prepetition Credit Agreement (in the case of Atkins Holdings II) and the Postpetition Financing Agreement (in the case of both Atkins Holdings and Atkins Holdings II).
On the Effective Date, the Postpetition Financing Agreement (other than as provided in section 2.1(b) of the Plan), the Prepetition Credit Agreement, the Old Atkins Holding Common Stock, the Old Atkins Holdings Preferred Stock and all Old Equity Interests in Atkins Holdings will be cancelled.
Consistent with the Lock-Up Agreement, the Postpetition Financing Agreement established certain reorganization "milestones" to be attained by the Debtors, including confirmation of the Plan on or before February 7, 2006 (subject to extension with the consent of the DIP Agent) and occurrence of the Effective Date on or before March 9, 2006 (subject to extension with the consent of the DIP Agent).
On the Effective Date, the Postpetition Financing Agreement (other than as provided in section 2.1(b) of this Plan), the Prepetition Credit Agreement, the Old Atkins Holding Common Stock, the Old Atkins Holdings Preferred Stock and all Old Equity Interests in Atkins Holdings shall be cancelled.
On the Effective Date, except to the extent the Plan provides otherwise for any Allowed Other Secured Claim, all liens, security interests, and pledges securing (a) Allowed Other Secured Claims, (b) the obligations incurred pursuant to and in connection with the Prepetition Credit Agreement, the Postpetition Financing Agreement, the Postpetition Financing Order, any orders entered in the Canadian Proceedings and (c) any other secured obligations of any of the Debtors, shall be released.
The DIP Financing and the Advances thereunder shall be subject to, among other things, the entry by the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) of an interim order and a final order finally and unconditionally approving the Postpetition Financing Agreement and the DIP Financing pursuant to section 364 of chapter 11 of Title 11 of the United States Code (11 U.S.C. §§ 101 et seq.