Examples of Prepetition Lender Claims in a sentence
On July 3, 2023, the Debtors filed the DIP Motion [Docket No. 88], pursuant to which the Debtors sought, among other things, authorization and approval of the DIP Credit Facility, with up to $15 million in new money financing, $7.5 million of which would be funded by RNN on a junior basis to the Prepetition Lender Claims, as initially contemplated to support the RNN Transaction.
Distributions on account of Prepetition Lender Claims shall be made to the Prepetition Agent.
The DIP Credit Facility was market tested and evaluated by the Debtors and their professionals and included the “roll-up” of Prepetition Lender Claims into the DIP Credit Facility.
All Prepetition Lender Claims are deemed Allowed under the Plan consistent with the Prepetition Facility and related documents.
Class 2 is Impaired, and holders of Prepetition Lender Claims are entitled to vote to accept or reject the Plan.