Examples of Prepetition First Lien Lenders in a sentence
The Debtors, the DIP Facility Agent, the DIP Facility Lenders, the Prepetition First Lien Lenders, and the Prepetition First Lien Agents and other parties provided good and valuable consideration to the Debtors through contributions to the Plan.
The commitments and obligations (if any) of the Prepetition First Lien Lenders and Prepetition Second Lien Lenders to extend any further or future credit or financial accommodations to any of the Debtors, any of their respective subsidiaries or any of their respective successors or assigns under the Prepetition First Lien Loan Documents and Prepetition Second Lien Loan Documents, respectively, shall fully terminate and be of no further force or effect on the Effective Date.
This structure is inherent, among others, in the EU’s Environmental Crime Directive.
On May 22, 2015, the Debtors, the Prepetition First Lien Agent and the Prepetition First Lien Lenders entered into a forbearance agreement, which was amended and restated as of June 10, 2015, and those parties entered into a second forbearance agreement on July 1, 2015, which was amended on July 10, 2015 (collectively, the “ Forbearance Agreements”).
At the time of the Debtors’ September 2014 refinancing of their first lien obligations, the Prepetition First Lien Lenders and Debtors acknowledged certain existing events of default under their existing credit agreement and entered into a forbearance agreement with respect to those existing defaults in connection with entering into the Prepetition First Lien Financing Agreement.