Prepetition First Lien Loan Documents definition

Prepetition First Lien Loan Documents means the “Loan Documents” as defined in the Prepetition First Lien Credit Agreement as in effect on the Petition Date and as further amended in accordance with the terms of this Agreement and the Financing Orders.

Prepetition First Lien Loan Documents means the Prepetition First Lien Loan Agreement and the other “Credit Documents” as defined in the Prepetition First Lien Loan Agreement.

Prepetition First Lien Loan Documents means the “Loan Documents” as defined in the Prepetition First Lien Term Credit Agreement as of the Closing Date.

Examples of Prepetition First Lien Loan Documents in a sentence

• Notwithstanding any provisions of the Plan to the contrary the Prepetition First Lien Claims will be deemed Allowed Claims in the aggregate principal amount of $386,000,000, plus accrued and unpaid interest, fees, expenses and other obligations arising under the Prepetition First Lien Loan Agreement and the other Prepetition First Lien Loan Documents.

• 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.

• Notwithstanding any provisions in the Plan to the contrary, the Prepetition First Lien Loan Documents and Prepetition Second Lien Loan Documents shall continue in effect to the extent necessary to allow the Debtors or Reorganized Debtors, as applicable, either directly or through the Distribution Agent to make Plan Distributions pursuant to the Plan on account of the Prepetition First Lien Claims and Prepetition Second Lien Claims.

• Except as expressly provided pursuant to the Plan, each of the Prepetition First Lien Agent and the Prepetition Second Lien Agent, and their respective agents, successors, and assigns shall be fully relieved and discharged from all of their duties and obligations associated with the Prepetition First Lien Loan Documents and the Prepetition Second Lien Loan Documents, respectively.

• Notwithstanding any provisions herein to the contrary, the Prepetition First Lien Loan Documents and Prepetition Second Lien Loan Documents shall continue in effect to the extent necessary to allow the Debtors or Reorganized Debtors, as applicable, either directly or through the Distribution Agent to make Plan Distributions pursuant to this Plan on account of the Prepetition First Lien Claims and Prepetition Second Lien Claims.

• In accordance with the terms of the Prepetition First Lien Loan Documents, all amounts payable thereunder are now fully due and payable by the Debtors.

• Each of the Prepetition First Lien Loan Documents is valid, binding, and subject to applicable bankruptcy law, enforceable against the Debtors in accordance with its terms.

• Except as expressly provided pursuant to this Plan, each of the Prepetition First Lien Agent and the Prepetition Second Lien Agent, and their respective agents, successors, and assigns shall be fully relieved and discharged from all of their duties and obligations associated with the Prepetition First Lien Loan Documents and the Prepetition Second Lien Loan Documents, respectively.

• As further adequate protection for the Prepetition First Lien Diminution Claim, the Debtors shall pay interest on the Prepetition First Lien Obligations in cash, as andwhen such interest is payable under the Prepetition First Lien Loan Documents, at the non- default rate until such time as the Prepetition First Lien Obligations are either (i) indefeasibly paid in full in cash or (ii) converted into a post-petition Term Loan.

• Any order entered by the Court in relation to the establishment of a bar date for any claim (including without limitation administrative claims) in any of the Chapter 11 Cases or any Successor Cases shall not apply to the Prepetition First Lien Secured Parties with respect to the Prepetition First Lien Obligations or any claims arising under the Prepetition First Lien Loan Documents.

More Definitions of Prepetition First Lien Loan Documents

Prepetition First Lien Loan Documents means the Prepetition First Lien Credit Agreement and all security agreements, guarantees, pledge agreements and other agreements or instruments executed in connection therewith.

Prepetition First Lien Loan Documents the collective reference to the “Loan Documents” as defined in each of the RAC Agreement and the Letter of Credit Agreement. “Prepetition First Lien Obligations”: as defined in the Third Adequate Protection Order. “Prepetition First Lien Secured Debt”: the obligations under: (i) that certain Credit Agreement, dated as of June 30, 2016 (as amended by the First Amendment, dated as of February 3, 2017, the Second Amendment, dated as of February 15, 2017, the Third Amendment, dated as of November 2, 2017, the Limited Waiver, Forbearance and Fourth Amendment, dated as of May 4, 2020, and as further amended, restated, supplemented or otherwise modified as of the date hereof (the “RAC Credit Agreement”)) among The Hertz Corporation, the several banks and other financial institutions from time to time parties thereto, as lenders, and Barclays Bank PLC, as administrative agent and as collateral agent; and (ii) that certain Letter of Credit Agreement, dated as of November 2, 2017 (as amended by the limited waiver, forbearance and first amendment, dated as of May 4, 2020, and as further amended and restated, supplemented or otherwise modified as of the date hereof, the “Letter of Credit Agreement”). “Prepetition First Lien Secured Parties”: as defined in the Third Interim Adequate Protection Order.

Prepetition First Lien Loan Documents means the Prepetition First Lien Credit Agreement and each other “Loan Document” as defined in the Prepetition First Lien Credit Agreement, as the same may be modified or amended from time to time in accordance with the terms hereof.

Prepetition First Lien Loan Documents means, collectively, (i) the Prepetition First Lien Credit Agreement and (ii) any security documents, intercreditor agreements, guarantees, joinders and other agreements or instruments executed in connection with the Prepetition First Lien Credit Agreement or such other agreements, in each case, as amended, modified, supplemented, substituted, replaced, restated or refinanced, in whole or in part, from time to time prior to the date hereof.