Prepetition Indebtedness definition

Prepetition Indebtedness means and include, without duplication, any and all amounts owing or outstanding by the Borrower or the Guarantor under the Prepetition Credit Agreement (including, without limitation, all “Loan Obligations” as defined in the Prepetition Credit Agreement) or any other Prepetition Financing Document, interest on, fees and other costs, expenses and charges owing in respect of, such amounts (including, without limitation, any reasonable attorneys’, accountants’, financial advisors’ and other fees and expenses that are chargeable or reimbursable pursuant to the Prepetition Credit Agreement or any other Prepetition Financing Document), and any and all obligations and liabilities, contingent or otherwise, owed in respect of the letters of credit or other Loan Obligations outstanding thereunder.

Prepetition Indebtedness means and includes, without duplication, any and all amounts owing or outstanding by the Borrower or the Guarantor under the Prepetition Credit Agreement (including all Loan Obligations as defined in the Prepetition Credit Agreement) or any other Prepetition Financing Document, interest on, fees and other costs, expenses and charges owing in respect of, such amounts (including any reasonable attorneys’, accountants’, financial advisors’ and other fees and expenses that are chargeable or reimbursable pursuant to the Prepetition Credit Agreement or any other Prepetition Financing Document), and any and all obligations and liabilities, contingent or otherwise, owed in respect of the letters of credit or other Loan Obligations outstanding thereunder.

Prepetition Indebtedness means indebtedness of any Debtor outstanding on the Petition Date, including Indebtedness under the Prepetition Credit Agreements, the Senior Subordinated Notes and the 13% Junior Subordinated Note (as those terms are defined and/or referenced in the Motion).

Examples of Prepetition Indebtedness in a sentence

• Unless the Prepetition Indebtedness and the Postpetition Obligations shall have been indefeasibly paid in full, the Borrower or its estate shall not be substantively consolidated under the Bankruptcy Code or any applicable bankruptcy or non-bankruptcy law with any other Debtor or its estate or any other Person (as defined by the Bankruptcy Code) or its estate by order of this Court or under any Chapter 11 plan.

• To the extent not previously supplied to the Postpetition Lender in connection with the Prepetition Indebtedness, Borrower shall provide the Postpetition Lender within ten 10 Business Days of the Closing Date duplicate insurance policies for the insurance required hereunder and under the Postpetition Financing Documents.

• No sale, lease or other disposition of Prepetition Collateral or Postpetition Collateral (including any auction or other similar sales) may be done without the Postpetition Lender’s consent unless all Postpetition Obligations and Prepetition Indebtedness are indefeasibly paid in full in cash.

• All proceeds of Prepetition Collateral and Postpetition Collateral shall be applied (a) first, to the Carve-Out, (b) second, to the Postpetition Obligations (in such order as is determined by the Postpetition Lender in its sole discretion), (c) third, to the Adequate Protection Claim, if any, and (d) fourth, to the Prepetition Indebtedness.

• Upon such Maturity Date (or Termination Event, if earlier), the principal of and all accrued interest and fees and all other Postpetition Obligations, as well as the Prepetition Indebtedness, shall, in each instance, be immediately due and payable and the Postpetition Lender and the Prepetition Agent and the Prepetition Lenders shall have all other rights and remedies provided in this Interim Order, the other Postpetition Financing Documents, the Prepetition Financing Documents and applicable law.

More Definitions of Prepetition Indebtedness

Prepetition Indebtedness means individually or collectively, as the context may require, the indebtedness in respect of the ABL Facility, the Superpriority Term Loan Facility, the New Term Loan Facility, the 2L Notes, the Existing Term Loan Facility, the 2024 Notes and the 2025 Notes outstanding as of the Petition Date.

Prepetition Indebtedness means all Indebtedness of Borrower and its Subsidiaries outstanding immediately prior to Petition Date and listed in Schedule 6.01 (which includes all Indebtedness under the Existing Loan Agreements).

Prepetition Indebtedness means all Indebtedness of any of the Credit Parties outstanding on the Petition Date immediately prior to the filing of the Chapter 11 Cases.

Prepetition Indebtedness means the Indebtedness of the Loan Parties outstanding immediately prior to the Petition Date, including (a) Indebtedness under the Prepetition Receivables Facility, (b) Indebtedness under the Prepetition Credit Agreement in an aggregate principal amount of not more than $2,806,566,304 and (c) the Prepetition Notes.

Prepetition Indebtedness means all Indebtedness and obligations of the Loan Parties under the ABL Credit Agreement, the Prepetition Term Loan Credit Agreement, the Senior Secured Notes Indenture and the Senior Unsecured Notes Indenture.

Prepetition Indebtedness means the indebtedness of the applicable Debtors and the non-Debtor Subsidiaries party thereto from time to time outstanding immediately prior to the Petition Date, which includes (a) indebtedness pursuant to that certain Fourth Amended and Restated Credit Agreement, dated as of May 7, 2013, by and among, inter alios, the Borrower and Pride International LLC, a Delaware limited liability company (“Pride”), as borrowers thereunder, the lenders party thereto (the “Prepetition Revolving Lenders”) from time to time, Citibank, N.A., as administrative agent (the “Prepetition Revolving Agent” and, collectively with the Prepetition Revolving Lenders, the “Prepetition Revolving Lender Parties”), and the lenders party thereto from time to time (as amended, restated, extended, supplemented or otherwise modified from time to time, the “Prepetition Revolving Facility”); and (b) (i) the 6.875% Senior Notes due 2020 issued by Pride, (ii) the 7.875% Senior Notes due 2040 issued by Pride, (iii) the 7.20% Debentures due 2027 issued by ENSCO International Inc., a Delaware corporation, (iv) the 3.00% Exchangeable Senior Notes due 2024 issued by ENSCO Jersey Finance Limited, a company incorporated under the laws of Jersey, (v) the 4.70% Senior Notes due 2021 issued by the Borrower, (vi) the 8.00% Senior Notes due 2024 issued by the Borrower, (vii) the 4.50% Senior Notes due 2024 issued by the Borrower, (viii) the 5.20% Senior Notes due 2025 issued by the Borrower, (ix) the 7.75% Senior Notes due 2026 issued by the Borrower, (x) the 5.75% Senior Notes due 2044 issued by the Borrower, (xi) the 4.875% Senior Notes due 2022 issued by Rowan Companies, Inc. (“Rowan”), (xii) the 4.75% Senior Notes due 2024 issued by Xxxxx, (xiii) the 7.375% Senior Notes due 2025 issued by Xxxxx, (xiv) the 5.40% Senior Notes due 2042 issued by Xxxxx and (xv) the 5.85% Senior Notes due 2044 issued by Xxxxx (collectively, the notes in this clause (b), the “Prepetition Senior Notes”). Term The DIP Facility will mature and all DIP obligations will be due and payable in full in cash on the earliest to occur of (such date, the “DIP Maturity Date”): (i) the date that is 364 days following the Petition Date; (ii) the date of acceleration of the DIP Loans and the termination of the DIP Lenders’ DIP Commitments under the DIP Facility pursuant to the terms of the DIP Credit Agreement; (iii) the substantial consummation (as defined in Section 1101 of the Bankruptcy Code, and which, for purposes hereof, shall be n...

Prepetition Indebtedness means Indebtedness of any Loan Party outstanding on the Petition Date, including Indebtedness under the Prepetition Credit Facilities.