Postpetition Loans definition

Postpetition Loans means and includes all Advances made hereunder, and any other financial accommodations extended to the Borrower by the Postpetition Lender pursuant to the terms of this Agreement and the other Postpetition Financing Documents.
Sample 1Sample 2Sample 3
Postpetition Loans means advances by the Lenders to the Borrower pursuant to the Postpetition Commitments in an aggregate amount not to exceed at any time the Postpetition Aggregate Commitments then in effect.
Sample 1
Postpetition Loans means advances by the Lenders to the Borrower pursuant to the Postpetition Commitments which together with the Postpetition Letters of Credit, are in an aggregate amount not to exceed at any time the Postpetition Aggregate Commitments then in effect.
Sample 1

Examples of Postpetition Loans in a sentence

  • Make, execute and deliver to the Postpetition Lender such promissory notes, mortgages, deeds of trust, instruments, documents and other agreements as the Postpetition Lender or its counsel may reasonably request to evidence and secure the Postpetition Loans and to perfect its Liens and security interests as contemplated by the Postpetition Financing Documents.

  • The Borrower also agrees that the purchasers of any such participation interests will be considered as the absolute owners of such interests in the Postpetition Loans and will have all the rights granted under the participation agreement or agreements governing the sale of such participation interests.

  • With respect to the “roll up” and conversion of the amounts of Prepetition Indebtedness to Postpetition Loans specified in Section 2.01(b)(i)(B), an Advance shall be reflected on the books of the Postpetition Lender and credited on the books of the Prepetition Agent.

  • The Borrower further waives all rights of offset or counterclaim that it may have now or later against the Postpetition Lender or against any purchaser of such a participation interest arising out of or by virtue of the participation and unconditionally agrees that either the Postpetition Lender or such purchaser may enforce the Borrower’s obligation under the Postpetition Loans irrespective of the failure or insolvency of any holder of any interests in the Postpetition Loans.

  • The Borrower may, at any time and from time to time, upon five (5) Business Days prior written notice to the Postpetition Lender or such shorter notice period as may be agreed to by the Postpetition Lender, prepay the outstanding amount of the Postpetition Loans in whole or in part with accrued interest to the date of such prepayment on the amount prepaid, without penalty or premium.

  • The Postpetition Loans that are subsequently repaid may not be reborrowed.

  • The Borrower will pay interest on the Postpetition Loans on each Monthly Payment Date, commencing on the first Monthly Payment Date following the date on which an Advance is made, and continuing on each Monthly Payment Date thereafter until the Maturity Date.

  • The Postpetition Loans shall mature and be due and payable in full at 12:00 p.m. (Minneapolis, Minnesota time) on the Maturity Date.

  • Prior to entry of the Final Order, the aggregate principal balance of the Postpetition Loans shall not exceed the Interim Amount (as defined in the Interim Order).

  • The Postpetition Lender may sell or assign to a single Person all of its rights in the Postpetition Loans without the consent of the Borrower; provided however that, except as provided in Section 7.07(b), the Postpetition Lender shall not sell all of its rights in the Postpetition Loans to multiple Persons without the consent of the Borrower.

Related to Postpetition Loans

  • Prepetition Loan Documents means the “Loan Documents” as defined in the Prepetition Credit Agreement.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Prepetition Lenders means the Persons identified as "Lenders" under the Prepetition Credit Agreement, in their capacities as lenders under the Prepetition Credit Agreement, together with their successors and permitted assigns.

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • ABL Loans means the “Loans” as defined in the ABL Credit Agreement.

  • Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.

  • Funding Loan Documents means (i) this Funding Loan Agreement, (ii) the Borrower Loan Agreement, (iii) the Regulatory Agreement, (iv) the Tax Certificate, (v) the Borrower Loan Documents, (vi) all other documents evidencing, securing, governing or otherwise pertaining to the Funding Loan, and (vii) all amendments, modifications, renewals and substitutions of any of the foregoing.

  • Bank Loans means debt obligations (including, without limitation, term loans, revolving loans, debtor-in-possession financings, the funded and unfunded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans and senior subordinated loans) which are generally under a syndicated loan or credit facility.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.