Postpetition Financing Documents definition
Examples of Postpetition Financing Documents in a sentence
The Postpetition Financing Documents shall contain affirmative covenants of the Borrower acceptable to the Lender.
The Postpetition Financing Documents shall contain representations and warranties of the Borrower acceptable to the Lender.
No obligation, payment, transfer or grant of security under this Interim Order or the other Postpetition Financing Documents shall be stayed, restrained, voided or recovered under the Bankruptcy Code or any applicable nonbankruptcy law, or subjected to any defense, reduction, setoff, recoupment or counterclaim.
To the extent the terms of the other Postpetition Financing Documents differ in any material respect from the terms of this Interim Order, this Interim Order shall control.
The Postpetition Financing Documents may be amended, modified, supplemented or the provisions thereof waived in accordance with their terms, without further order of this Court or notice to any party; provided, however, that the U.S. trustee and the Committee shall have been given five (5) days written notice of any amendment, modification or supplement and shall not have raised an objection prior to any such amendment, modification or supplement becoming effective.
Interest on the Postpetition Obligations shall be secured in the manner specified in Paragraph 17 herein, shall accrue at the rates (including any default rates), and shall be paid in accordance with the terms and provisions of the Postpetition Financing Documents.
The Borrower shall execute and deliver to the Postpetition Lender all such mortgages, security agreements, control agreements, deeds of trust or other documents and instruments as may be reasonably required by the Postpetition Lender to evidence and secure the Postpetition Loan pursuant to the terms of this Term Sheet, the Interim Order, and the Final Order, and the other Postpetition Financing Documents.
Subject to the entry and the terms of the Interim Order and the Final Order, as applicable, the Borrower has the limited liability company power and authority to own and operate its assets and to carry on its business and to execute, deliver, and perform its obligations under the Postpetition Financing Documents to which it is a party.
Each insurance policy covering Collateral shall be in compliance with the requirements of the Postpetition Financing Documents in all material respects.
The headings, captions or arrangements used in any of the Postpetition Financing Documents are, unless specified otherwise, for convenience only and shall not be deemed to limit, amplify or modify the terms of the Postpetition Financing Documents, nor affect the meaning thereof.