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

  • For the avoidance of doubt and notwithstanding anything to the contrary in this Interim Order, the Final Order, the Postpetition Documents, or in any Prepetition Documents, the Carve Out shall be senior to all liens and claims securing all of the Postpetition Loans, the Prepetition Adequate Protection (as defined below), and any and all other forms of adequate protection, liens, or claims securing the Postpetition Obligations or the Prepetition Debt.

  • The widest connectivity with various target frames is typical of the vision, touch and multimodal perception frames (in both cases—they can be mapped onto five target perceptual frames).

  • In addition, the Postpetition Loans shall have superpriority in accordance with the provisions of section 364(c)(1) of the Bankruptcy Code over all administrative expenses of the kind specified in sections 105, 326, 328, 330, 331, 503(b), 506(c), 507(a), 507(b), 546(c), or 726 of the Bankruptcy Code, subject only to the Carve-Out.

  • Generally no, but under certain circumstances termination may result.

  • Citizens Bank and the collateral securing the Postpetition Loans and related obligations (collectively, the “ Postpetition Indebtedness”) shall be exempt from and not be subject to any surcharges, excises, liens or charges of any nature or type pursuant to §§ 364, 506(c) and 510 of the Code in this Chapter 11 proceeding or in any subsequent Chapter 7 proceeding, including, without limitation, expenses of administration or liquidation except as expressly provided below.

  • All net recoveries on both Pre-petition Loans and Post-petition Loans will continue to be deposited into escrow pending final order of the Bankruptcy Court in resolution of the Trust Adversary Proceeding.

  • The Borrower shall repay the entire unpaid principal amount of the Postpetition Loans, together with all accrued and unpaid interest thereon, and provide cash collateral for any uncaptured Letters of Credit, including Postpetition Letters of Credit, on the earlier of the Postpetition Termination Date or the date on which the Bankruptcy Court approves the extension of any other credit facilities to the Borrower.

  • Areas at each dock are reserved for commercial loading, unloading and emergency access‚—for the marine ambulance or medivac vessels.

  • Administrative Agent may condition the disbursement of Postpetition Loans on receipt of such documentation as it shall require to evidence that the proceeds of such Postpetition Loans shall be used in accordance with the Budget both as to amount of such Postpetition Loans and as to the timing of such Postpetition Loans.

  • Debtors shall indemnify and hold Citizens Bank harmless from and against any claims or causes of action asserted by any third parties related to the Postpetition Loans and Citizens Bank’s financing under the terms of this Order; provided, however the foregoing shall not apply to any claims or causes of action based upon Citizens Bank’s gross negligence, willful misconduct, breach of an enforceable contractual obligation or breach of a court order by Citizens Bank.

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.

  • Second Lien Loans means “Loans” under and as defined in the Second Lien Credit Agreement.

  • Senior Loans means the loans and other extensions of credit made by the Senior Lenders to Borrower pursuant to the Senior Credit Agreement.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Prepetition Lenders means those lenders party to the Prepetition Credit Agreement from time to time.

  • DIP Loan means a Bank Loan, whether revolving or term, that is originated after the commencement of a case under Chapter 11 of the Bankruptcy Code by a Portfolio Company, which is a debtor in possession as described in Section 1107 of the Bankruptcy Code or a debtor as defined in Section 101(13) of the Bankruptcy Code in such case (a “Debtor”) organized under the laws of the United States or any state therein and domiciled in the United States, which satisfies the following criteria: (a) the DIP Loan is duly authorized by a final order of the applicable bankruptcy court or federal district court under the provisions of subsection (b), (c) or (d) of 11 U.S.C. Section 364; (b) the Debtor’s bankruptcy case is still pending as a case under the provisions of Chapter 11 of Title 11 of the Bankruptcy Code and has not been dismissed or converted to a case under the provisions of Chapter 7 of Title 11 of the Bankruptcy Code; (c) the Debtor’s obligations under such loan have not been (i) disallowed, in whole or in part, or (ii) subordinated, in whole or in part, to the claims or interests of any other Person under the provisions of 11 U.S.C. Section 510; (d) the DIP Loan is secured and the Liens granted by the applicable bankruptcy court or federal district court in relation to the Loan have not been subordinated or junior to, or pari passu with, in whole or in part, to the Liens of any other lender under the provisions of 11 U.S.C. Section 364(d) or otherwise; (e) the Debtor is not in default on its obligations under the loan; (f) neither the Debtor nor any party in interest has filed a Chapter 11 plan with the applicable federal bankruptcy or district court that, upon confirmation, would (i) disallow or subordinate the loan, in whole or in part, (ii) subordinate, in whole or in part, any Lien granted in connection with such loan, (iii) fail to provide for the repayment, in full and in cash, of the loan upon the effective date of such plan or (iv) otherwise impair, in any manner, the claim evidenced by the loan; (g) the DIP Loan is documented in a form that is commercially reasonable; and (h) the DIP Loan shall not provide for more than 50% (or a higher percentage with the consent of the Required Lenders) of the proceeds of such loan to be used to repay prepetition obligations owing to all or some of the same lender(s) in a “roll-up” or similar transaction. For the purposes of this definition, an order is a “final order” if the applicable period for filing a motion to reconsider or notice of appeal in respect of a permanent order authorizing the Debtor to obtain credit has lapsed and no such motion or notice has been filed with the applicable bankruptcy court or federal district court or the clerk thereof.

  • 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.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • 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.

  • Term Loan Advances are each defined in Section 2.1.1(a).

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

  • Bank Loans means debt obligations (including term loans, notes, 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 loan or credit facility (whether or not syndicated) or note purchase agreement.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • 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.

  • Revolving Loan Notes means the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • First Lien Last Out Loan means a loan that, prior to an event of default under the applicable Related Contract, is entitled to receive payments pari passu with other senior secured loans of the same Obligor, but following an event of default under the applicable Related Contract, such Collateral Loan becomes fully subordinated to other senior secured loans of the same Obligor and is not entitled to any payments until such other senior secured loans are paid in full.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.