Prepetition Borrower definition

Prepetition Borrower means QualTek LLC (f/k/a QualTek USA, LLC) (as successor by merger to BCP QualTek Merger Sub, LLC).
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Prepetition Borrower means the Borrower in its capacity as borrower under the Prepetition First Lien Credit Agreement and Prepetition Second Lien Credit Agreement, collectively or individually as the context requires.
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Prepetition Borrower as defined in the recitals hereto.
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Examples of Prepetition Borrower in a sentence

  • As more fully set forth in the Prepetition Loan Documents, prior to the Petition Date, the Prepetition Borrower and the Prepetition Guarantors granted to the Prepetition Agent, for the benefit of itself and the Prepetition Lenders, a first priority security interest in and continuing lien on (the “Prepetition Credit Facility Liens”) substantially all of their assets and property, excluding any Excluded Assets (the “Prepetition First Lien Collateral”).

  • Pursuant to that certain Amended and Restated Guarantee Agreement, originally dated as of July 17, 2006, and as amended and restated as of April 24, 2015 (as amended, restated, amended and restated, supplemented, waived, and/or otherwise modified from time to time), the subsidiary Debtors party thereto (the “Prepetition Guarantors”) guaranteed on a joint and several basis the obligations of the Prepetition Borrower under the Prepetition Credit Agreement and the other Prepetition Loan Documents.

  • Pursuant to that certain Amended and Restated Guarantee Agreement, originally dated as of July 17, 2006, and as amended and restated as of April 24, 2015 (as amended, restated, amended and restated, supplemented, waived, and/or otherwise modified from time to time), the subsidiary Debtors party thereto (the “Prepetition Guarantors”) guaranteed on a joint and several basis the obligation of the Prepetition Borrower under the Prepetition Credit Agreement and the other Prepetition Loan Documents.

  • The Franchise herein granted shall at theoption of the City, cease and terminate one hundred twenty (120) days after the appointment of a receiver or receivers or trustee or trustees to take over and conduct the business of the Company whether in a receivership, reorganization, bankruptcy or other action or proceeding unless such receivership or trusteeship shall have been vacated prior to the expiration of said one hundred twenty (120) days.B. CUMULATIVE RIGHTS.

  • Pursuant to the Prepetition Loan Documents, the obligations of the Prepetition Guarantors to guarantee the full payment and performance of the Prepetition Borrower are secured by substantially all of the personal property assets of each of the Prepetition Guarantors.

  • As used herein, the “Prepetition Loan Parties” shall mean, collectively, the Prepetition Borrower, Holdings, the Subsidiary Guarantors (as defined in the Pre-Petition Credit Agreement), and the other Loan Parties (as defined in the Pre-Petition Credit Agreement).

  • The Prepetition Secured Claim constitutes the legal, valid, and binding obligations of the Prepetition Borrower and certain of its direct and indirect Subsidiaries (as defined in the Prepetition Credit Agreement), enforceable against them in accordance with the terms of the Prepetition Credit Documents (other than in respect of the stay of enforcement arising from section 362 of the Bankruptcy Code).

  • The loans provided under the Prepetition Credit Agreement are secured by a lien on substantially all of the Prepetition Borrowers’ assets, including all cash held at PSI, but expressly excluding, among other things, any asset of a Prepetition Borrower encumbered by a lien securing a permitted debt facility or otherwise pledged to third-party investors in accordance with the Prepetition Borrower’s ordinary course of business (the “Prepetition Collateral”).

  • The Prepetition Hedge Agreement was terminated as of March 8, 2023, yielding a termination payment to the Prepetition Borrower in the approximate amount of $6.648 million (the “Hedge Termination Payment”).

  • As more fully set forth in the Prepetition Loan Documents, prior to the Petition Date the Prepetition Borrower and the Prepetition Guarantors (as defined below) granted to the16 Formerly known as IberiaBank, a division of First Horizon Bank.


More Definitions of Prepetition Borrower

Prepetition Borrower has the meaning assigned to such term in the Recitals.
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Prepetition Borrower has the meaning specified in the recitals to this Agreement.
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Prepetition Borrower means Vanguard Natural Gas, LLC, formerly a Kentucky limited liability company.
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Related to Prepetition Borrower

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

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

  • DIP Lender means a lender under the DIP Facility.

  • Prepetition means arising or accruing prior to the Petition Date.

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

  • Borrower Loan Documents shall have the meaning given such term in the Borrower Loan Agreement.

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

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

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

  • DIP means debtor-in-possession.

  • Term Loan Claims means any Claim on account of, arising under, derived from, or based upon the Term Loan Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Prepetition Secured Parties means the “Secured Parties” under, and as defined in, the Prepetition Credit Agreement, in each case as amended, modified or supplemented through the Petition Date.