Prepetition Letters of Credit definition

Prepetition Letters of Credit means any letter of credit paid for or procured by any Debtor on behalf of itself or another Debtor on or before the Petition Date.

Prepetition Letters of Credit has the meaning specified in Section 4.01(k). “Prepetition Loan Documents” means the Prepetition Credit Agreement, the Collateral Documents (as defined in the Prepetition Credit Agreement) and the Notes (as defined in the Prepetition Credit Agreement) and any amendment, waiver, supplement or other modification to any of the foregoing.

Prepetition Letters of Credit means each of the letters of credit issued, extended or renewed by the Prepetition LC Issuer under the Prepetition Credit Agreement.

Examples of Prepetition Letters of Credit in a sentence

• On the Effective Date, the Prepetition Term Loans and accrued and unpaid interest thereon and any other Prepetition Obligations (other than the Prepetition Letters of Credit or the Allocated Amounts thereof) in the Roll-Up Loan Amount shall be deemed Loans made under this Agreement (the “Roll-Up Loans”) and, subject to the terms and conditions set forth herein and without any further action by any party to this Agreement, shall be administered hereunder.

• The Prepetition Letters of Credit (or the Allocated Amount thereof) shall, from and after the Effective Date, be deemed to have been issued pursuant to this Agreement, and from and after the Effective Date shall be subject to and governed by the terms and conditions hereof.

• In addition to the discharge and discharge injunction, the Plan provided that, Prepetition Letters of Credit shall continue to collateralize all obligations under Insurance Policies and Agreements .

• For the avoidance of doubt, any amount paid to satisfy the obligations owing in respect of the Prepetition Revolving Facility, or to cash collateralize the Prepetition Letters of Credit, shall not be subject to disgorgement under any circumstances.

• From the entry of this Final Order through and including the DIP Termination Date (as defined below), and subject to the terms, conditions, and limitations on availability set forth in the DIP Documents and this Final Order, the Debtors are hereby authorized to request issuances, extensions and renewals of DIP Letters of Credit (including the deemed issuance of Prepetition Letters of Credit as DIP Letters of Credit).

More Definitions of Prepetition Letters of Credit

Prepetition Letters of Credit has the meaning specified in the recitals.

Prepetition Letters of Credit as defined in Section 5.1(s).

Prepetition Letters of Credit as defined in Recital A.

Prepetition Letters of Credit means those letters of credit outstanding under the Prepetition Credit Facilities as of the Closing Date which letters of credit are more particularly described on Schedule 3.1 attached hereto.

Prepetition Letters of Credit those letters of credit, surety bonds, insurance bonds and other similar instruments, issued for the account of a Loan Party prior to the date such Loan Party commenced its respective Chapter 11 Case as set forth on Schedule 1.1(f) and any amendments, renewals, extensions, replacements or refinancings thereof from time to time. “Prepetition Liens”: as defined in Section 2.4. “Prepetition Second Lien Notes Documents”: as defined in the Third Interim Adequate Protection Order. “Prepetition Secured Parties”: as defined in the Third Interim Adequate Protection Order. “Prepetition Secured Parties’ 507(b) Claim”: as defined in the Third Interim Adequate Protection Order. “Preferred Stock”: as applied to the Capital Stock of any corporation or company, Capital Stock of any class or classes (however designated) that by its terms is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation or company, over shares of Capital Stock of any other class of such corporation or company. “Prime Rate”: the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the U.S. or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as reasonably determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as reasonably determined by the Administrative Agent). “Proceedings” as defined in Section 11.5. “Professional Fees”: as defined in the DIP Order. “PTE”: a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “Public Facility”: (i) any airport; marine port; rail, subway, bus or other transit stop, station or terminal; stadium; convention center; or military camp, fort, post or base; or (ii) any other facility owned or operated by any nation or government or political subdivision thereof, or agency, authority or other instrumentality of any thereof, or other entity exercising regulatory, administrative or other functions of or pertaining to government, or any organization of nations (including the United Nations, the European Union and the North Atlantic Treaty Organization).

Prepetition Letters of Credit means each “Letter of Credit” under and as defined in the Prepetition Credit Agreement issued prior to, and outstanding on, the Petition Date and identified on Schedule 1.01C hereto.

Prepetition Letters of Credit means each letter of credit that was issued for the account of the Administrative Borrower under the Prepetition First Priority Revolver Agreement and, as of the relevant date, is undrawn and has not expired or been cancelled or otherwise terminated in accordance with its terms.