Examples of Prepetition First Lien Agent in a sentence
The Borrower shall participate in telephone conferences with the Prepetition First Lien Agent and the Administrative Agent and their respective professionals no less than once per week and more frequently during normal business hours as requested by the Prepetition First Lien Agent and Administrative Agent (or their respective professionals) in writing (including via electronic mail) upon at least one (1) Business Day’s notice.
Pursuant to sections 503(b) and 507(b) of the Bankruptcy Code, the Prepetition First Lien Agent and the Prepetition First Lien Lenders shall have an allowed administrative expense claim and such claim will be a superpriority administrative expense claim in accordance with section 507(b) of the Bankruptcy Code (the “Adequate Protection First Lien Claim”) against each Debtor and its respective estate on a joint and several basis.
Notwithstanding the foregoing, distributions to Beneficial Holders of Prepetition First Lien Secured Claims shall be made to the Prepetition First Lien Agent, and distributions to Beneficial Holders of Prepetition Second Lien Secured Claims and Prepetition Third Lien Secured Claims shall be made to the Prepetition Indenture Trustee or its designee for further distribution in accordance with the Prepetition Indentures.
Solely subject to the terms of paragraph 5 of this Final Order, the DIP Secured Parties, Prepetition First Lien Agent, Prepetition First Lien Lenders, Prepetition Second Lien Agent, and Prepetition Second Lien Lenders shall not be subject to the equitable doctrine of “marshaling” with respect to any of their respective interests in the DIP Collateral, Postpetition Collateral and Prepetition Collateral.
The Prepetition First Lien Agent and the Prepetition First Lien Lenders and their respective affiliates, subsidiaries, parents, officers, shareholders, directors, employees, investment advisers and sub-advisers, attorneys, and agents have acted in good faith in consenting or not otherwise objecting to the use of Cash Collateral by the Debtors.