Postpetition Loan Documents definition
Examples of Postpetition Loan Documents in a sentence
Assuming due execution and delivery by the other parties hereto, this Agreement is, and upon their execution, the other Postpetition Loan Documents to which the Lender is a party will be, valid and binding obligations of the Lender, enforceable in accordance with their terms.
The Lender has the requisite legal right and power, as applicable, to enter into, execute, deliver and perform its obligations under this Agreement and the other Postpetition Loan Documents.
The Bankruptcy Court shall have entered the Interim Order, in form and substance acceptable to the Lender in its sole and absolute discretion, and such Interim Order shall be in full force and effect, shall not have been modified and shall not be subject to any appeal, and the consummation of the transactions contemplated under this Agreement and the other Postpetition Loan Documents shall not be stayed by an order of any court.
After giving effect to the transactions contemplated under this Agreement and the Postpetition Loan Documents, there has not occurred any event which constitutes an Event of Default which is presently continuing.
If any provision of this Agreement or any of the Postpetition Loan Documents shall be judicially determined to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions of this Agreement shall not in any way be affected or impaired thereby.
Each of the Postpetition Loan Documents shall continue to be in full force and effect and no Event of Default (or event or circumstance that with notice or the lapse of time, or both, would constitute an Event of Default) shall have occurred and be continuing as of the applicable Borrowing Date, or would result from such Loan or from the application of the proceeds thereof.
Each Borrower shall have received all material consents, approvals, authorizations, permits and waivers of, and delivered all notices to, third parties, including Governmental Entities and the Bankruptcy Court, necessary for each Loan Party to consummate the transactions provided for under this Agreement and the other Postpetition Loan Documents, and all such consents, approvals, authorizations, permits and waivers shall be in full force and effect.
No temporary restraining order, preliminary or permanent injunction or other order or decree of the Bankruptcy Court or any other Governmental Entity that has the effect of preventing the consummation of the transactions contemplated in this Agreement and the other Postpetition Loan Documents shall have been issued.
The terms and provisions of this Agreement and the other Postpetition Loan Documents and the Liens in favor of the Lender, granted pursuant to the Postpetition Loan Documents shall continue in full force and effect notwithstanding the entry of any such order, and such claims and liens shall maintain their priority as provided by the Postpetition Loan Documents and to the maximum extent permitted by law until all of the Postpetition Debt is indefeasibly paid in full and discharged.
Upon the maturity (whether by acceleration or otherwise) of any of the Postpetition Debt under this Agreement or any of the other Postpetition Loan Documents, the Lender shall be entitled to immediate payment of such Postpetition Debt without further application to or order of the Bankruptcy Court.