Examples of Prepetition RBL Lenders in a sentence
The Debtors shall promptly provide the Prepetition RBL Agent, on behalf of itself and the Prepetition RBL Lenders, and the Prepetition FLTL Agent, on behalf of itself and the Prepetition FLTL Lenders, with all required written financial reporting and other periodic reporting that is delivered by the DIP Borrower under the DIP Credit Agreement.
No actionactions had been commenced as of the Petition Date by the Borrower or its Affiliates against the Prepetition Credit Agreement Agent or any of the Prepetition RBL Lenders with respect to any of the Prepetition Credit Agreement Obligations.
The Prepetition RBL Agent also filed its Objection to Certain Relief Requested by Royalty Claimants Against Collateral in the Wind-Down Debtors’ Possession on behalf of the Prepetition RBL Lenders.
The Prepetition RBL Agent, for the benefit of itself and the Prepetition RBL Parties (including without limitation the Prepetition RBL Lenders in respect of the Citizens Hedge Early Termination Claim) and J Aron, and the Prepetition Second Lien Agent, for the benefit of itself and the Prepetition Second Lien Parties, are each entitled to receive adequate protection to the extent of any Diminution in Value of their respective interests in the Prepetition Collateral.
After considering all of their alternatives, the Debtors have concluded, in an exercise of their sound business judgment, that the DIP Facility to be provided by the DIP Lenders and the authorization to use the Cash Collateral to be provided by the Prepetition RBL Agent, on behalf of the Prepetition RBL Lenders, represent the best financing presently available to the Debtors.
In a Chapter 7 Liquidation, the DIP Lenders and Prepetition RBL Lenders are entitled to assert that their first priority liens automatically attached to all proceeds from any Avoidance Actions as well as all other litigation claims or causes of action of the Debtors’ estates (collectively, the “Retained Causes of Action”) and any proceeds therefrom.
Such additional Prepetition RBL Lenders and Prepetition Term Lenders shall become a Party to this Agreement as a Consenting RBL Lender or Consenting Term Lender, as applicable, in accordance with the terms of this Agreement.
Pursuant to the Prepetition RBL Documents, the Prepetition RBL Lenders provided revolving credit loans (the, “Prepetition RBL Loans”) and other financial accommodations to, and issued letters of credit and hedge agreements for the account of, the Prepetition RBL Borrower (the “Prepetition RBL Facility”).
In addition, the Prepetition RBL Borrower and Prepetition RBL Guarantors granted to the Prepetition RBL Agent and the Prepetition RBL Lenders a right of setoff against their property constituting Prepetition RBL Collateral that is held by, in the possession or custody of or in transit to the Prepetition RBL Agent or any Prepetition RBL Lender for any purpose.
Certain of the Debtors are parties to that certain Credit Agreement, dated as of September 30, 2013 (as amended, the “Prepetition RBL Credit Agreement”) between Fieldwood Energy, as borrower, Citibank N.A. (“Citibank”), as administrative agent and collateral agent (in its capacity as such, the “Prepetition RBL Agent”), and the Prepetition RBL Lenders.