Prepetition First Lien Obligations definition

Prepetition First Lien Obligations means the Indebtedness evidenced by the Prepetition First Lien Credit Agreement.

Prepetition First Lien Obligations means the “Obligations” as defined in the Prepetition First Lien Credit Agreement.

Prepetition First Lien Obligations means all “Obligations” (as defined in the Prepetition First Lien Credit Agreement) and, without double-counting, all Roll-Up DIP Obligations.

Examples of Prepetition First Lien Obligations in a sentence

• Additionally, each Guarantor (as defined in the Guarantee and Collateral Agreement) has unconditionally and irrevocably guaranteed the prompt and complete payment and performance of the Prepetition First Lien Obligations.

• Separately, certain of the Prepetition First Lien Loan Parties have granted liens on certain real property owned in fee by such Prepetition First Lien Loan Parties by way of mortgages, and/or deeds of trust in connection with the Prepetition First Lien Obligations (the “Prepetition First Lien Mortgages”).

• Certain U.S. Federal Income Tax Consequences of the Plan to Holders of Allowed Class 3 DIP Facility Claims The DIP Lenders shall receive payment in full in Cash of the Obligations, which amount shall include the full roll-up of the Prepetition First Lien Obligations Amount, including the Prepayment Premium, plus the First Lien Accrued Adequate Protection Payments) from the Sale Transaction Proceeds (each as defined in the DIP Documents to the extent not defined herein).

• The Debtors further waive and release any defense, right of counterclaim, right of set-off, or deduction to the payment of the DIP Obligations and the Prepetition First Lien Obligations that the Debtors now have or may claim to have against the Releasees, arising out of, connected with, or relating to any and all acts, omissions, or events occurring prior to the Bankruptcy Court entering this Interim Order.

• The Purchaser is the sub-agent under the Credit Agreement and is authorized to consummate the Credit Bid equal to the Credit Bid Amount and, in accordance with the Agreement, the Prepetition First Lien Obligations equal to the Credit Bid Amount shall be automatically extinguished on the Closing Date, with the remaining Prepetition First Lien Obligations to remain outstanding.

More Definitions of Prepetition First Lien Obligations

Prepetition First Lien Obligations means the “Secured Obligations” (as defined in the Prepetition First Lien Intercreditor Agreement).

Prepetition First Lien Obligations means “Obligations” (as defined in the Prepetition First Lien Credit Agreement).

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

Prepetition First Lien Obligations means, at any time, all principal, interest, fees and expenses, indemnities and other amounts owing under the Prepetition First Lien Loan Documents at such time, as the same shall accrue and become due thereunder, including, without limitation, the reasonable fees and expenses of the attorneys and financial and other advisors and consultants of the Prepetition First Lien Secured Parties (including all loans, advances, extensions of credit, financial accommodations, fees, expenses and other liabilities, and all other obligations (including indemnities and similar obligations and obligations (including reimbursement obligations) in respect of Existing L/Cs, including, without duplication, obligations to cash collateralize the undrawn amount thereof), in each case, solely in respect of, and to the extent required under, the Prepetition First Lien Credit Facility. For avoidance of doubt, the term “Prepetition First Lien Obligations” shall exclude any Obligations (as defined in the Prepetition First Lien Credit Agreement) that have been replaced by, exchanged for, converted into or otherwise rolled up into, DIP Obligations (including, without limitation, all DIP First Lien Roll-Up Loans).

Prepetition First Lien Obligations means, at any time, all principal, interest,

Prepetition First Lien Obligations shall have the meaning set forth in the Cash Collateral Order.

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.