Prepetition Facility definition

Prepetition Facility means that certain senior, secured credit facility entered into pursuant to the Prepetition Credit Agreement.

Prepetition Facility means the credit facility established pursuant to the terms of the Prepetition Credit Agreement.

Prepetition Facility means the credit facility provided under the Prepetition Credit Agreement and the other Loan Documents (as defined therein).

Examples of Prepetition Facility in a sentence

• Except to the extent that a Holder of an Allowed Prepetition Credit Agreement Claim against a Reorganizing Debtor agrees to other treatment, in exchange for full and final satisfaction, settlement, release, and discharge of each such Prepetition Credit Agreement Claim, each such Holder of an Allowed Prepetition Credit Agreement Claim against a Reorganizing Debtor shall receive Reinstatement of such Allowed Prepetition Credit Agreement Claim on the terms set forth in the Prepetition Facility Documents.

• For federal income tax purposes, except to the extent a Plan Distribution is made in connection with reinstatement of an obligation pursuant to section 1124 of the Bankruptcy Code (including the Prepetition Facility Claims), a Plan Distribution will be allocated first to the principal amount of a Claim and then, to the extent the Plan Distribution exceeds the principal amount of the Claim, to the portion of the Claim representing accrued but unpaid interest.

• On the Effective Date, 100% of the newly-issued membership interests in Reorganized PEH shall be transferred to New PE Holdco in exchange for New PE Holdco’s discharge of all the Prepetition Facility Claims contributed to it by its members upon its formation immediately prior to the consummation of the Restructuring Transaction.

• All Prepetition Lender Claims are deemed Allowed under the Plan consistent with the Prepetition Facility and related documents.

• Upon the timely making by the Prepetition Agent of its election under section 1111(b)(2) of the Bankruptcy Code, the Prepetition Facility Collateral shall be deemed, for the purposes of the Plan, to have a value of not less than the aggregate amount of the Prepetition Facility Claims, and the Prepetition Facility Claims shall be deemed for the purposes of the Plan to be fully secured.

More Definitions of Prepetition Facility

Prepetition Facility means loans made by the Prepetition Lenders pursuant to the Prepetition Credit Agreement.

Prepetition Facility means that certain Credit Agreement, dated as of December 23, 2004 (as amended, restated, supplemented or otherwise modified from time to time, including by that certain First Amendment and Consent to Credit Agreement, dated February 1, 2006, that certain Second Amendment to Credit Agreement, dated July 26, 2007, that certain Third Amendment and Waiver to Credit Agreement, dated December 18, 2008, that certain Fourth Amendment to Credit Agreement, dated May 15, 2009, that certain Fifth Amendment and Consent to Credit Agreement, dated July 14, 2009, that certain Sixth Amendment to Credit Agreement, dated August 18, 2009 and that certain Seventh Amendment and Consent to Credit Agreement, dated December 16, 2009), among Holdings, Cooper-Standard Automotive Inc., Cooper-Standard Automotive Canada Limited, Cooper-Standard Automotive International Holdings B.V. (f/k/a Steffens Beheer BV), the “Lenders” (as defined therein) from time to time party thereto, the Prepetition Agent, as administrative agent for the “Lenders” and the other agents party thereto.

Prepetition Facility. The senior secured credit facility (the “Prepetition Facility”) provided by Citibank, N.A., as Administrative Agent under and as defined therein (the “Prepetition Agent”), and certain lenders (the “Prepetition Lenders”) pursuant to that certain Fourth Amended and Restated Credit Agreement dated as of August 1, 2017 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Prepetition Credit Agreement”) by and among the Borrower (together with its affiliated Chapter 11 debtors, the “Debtors”), as borrower thereunder, Vanguard Natural Resources, LLC, a Delaware limited liability company (the “Parent”), as parent guarantor, the Prepetition Agent and the Prepetition Lenders. Borrower: Vanguard Natural Gas, LLC, a Kentucky limited liability company (the “Borrower”), as reorganized pursuant to the Plan and Confirmation Order.

Prepetition Facility means the Second Amended and Restated Credit Agreement dated July 17, 2009, as amended, and the other loan and security documents executed in connection therewith.

Prepetition Facility means the Prepetition Revolving Loan Facility and the Prepetition Term LoanFacility.

Prepetition Facility means that certain $40 million working capital facility entered intopursuant to the Prepetition Credit Agreement.

Prepetition Facility means that certain Credit Agreement, dated as of December 23, 2004 (as amended, restated, supplemented or otherwise