Prepetition Revolver definition

Prepetition Revolver means that certain ABL Credit Agreement, dated as of July 30, 2013, as amended, restated, amended and restated, waived, supplemented, or as otherwise modified heretofore and, together with its related agreements, to have been paid in full through the DIP Facility.
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Prepetition Revolver means the up to $12,500,000 revolving standby letter of credit facility in the Prepetition Credit and Guaranty Agreement.
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Prepetition Revolver means the revolving credit facility provided under the Prepetition Credit Agreement.
Sample 1

Examples of Prepetition Revolver in a sentence

  • The Adequate Protection Claims of the holders of Claims under the Prepetition Term Loan Agreement and the Prepetition Revolver Credit Agreement have been satisfied in full and no Distributions shall be made with respect to any such Adequate Protection Claims under the Plan.

  • The Prepetition Secured Parties have a senior lien on the Cash Collateral, and have the right under the Prepetition Loan Documents to apply the Cash Collateral to repay the Obligations (subject, however, to the claims, actions and rights the Debtors may have against the Prepetition Revolver Lenders and the Prepetition Agent that are preserved under Paragraph 20).

  • For the avoidance of doubt, any and all Liens under the Prepetition Revolver Credit Agreement, the Prepetition Term Loan Agreement, the Oaktree DIP Financing Agreement, and the KPS DIP Financing Agreement are deemed extinguished and any and all Claims arising under such agreements are deemed satisfied in full and shall not constitute Other Secured Claims under the Plan and shall not receive any distribution under the Plan.

  • The Prepetition Revolver Agent, Prepetition First Lien Agent and Prepetition Second Lien Agent (collectively, the “Prepetition Agents”) and each of the Debtors are, inter alia, parties to that certain Intercreditor Agreement, dated as of July 30, 2013 (as amended, restated, amended and restated, waived, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”).

  • Pursuant to the DIP Credit Agreement and the Interim DIP Order, the Debtors used proceeds of the DIP Facility to pay in full the outstanding obligations under the Prepetition Revolver Facility.

  • The Prepetition First Lien Loan Agreement is secured by a first priority lien on intellectual property, furniture, fixtures and equipment and certain other assets (collectively, the “Term Loan Priority Collateral”) and a second priority lien on the Prepetition Revolver Priority Collateral, subject to the terms of the Intercreditor Agreement.

  • Accordingly, even though CCSP had reduced the principal due under the Prepetition Revolver Agreement by approximately $3.0 million since June 2020, by January 1, 2021, CCSP remained in default, with no forbearance and little to no access to additional liquidity from WSFS.

  • The Prepetition Second Lien Loan Agreement is secured by a second priority lien on the Term Loan Priority Collateral and a third priority lien on the Prepetition Revolver Priority Collateral, subject to the terms of the Intercreditor Agreement.

  • As described further below, the Debtors used proceeds of their debtor-in-possession senior secured financing facility to pay in full all outstanding obligations owed under the Prepetition Revolver.

  • The Prepetition Revolver is secured by a first lien on, essentially, accounts receivable, inventory and cash (collectively, the “Prepetition Revolver Priority Collateral”) and a third priority lien on the Term Loan Priority Collateral (as defined below), subject to the terms of the Intercreditor Agreement (as defined below).


More Definitions of Prepetition Revolver

Prepetition Revolver means that certain Loan and Security Agreement, dated as of April 23, 2004 (as amended, supplement or modified and in effect as of the Filing Date), among Borrower, the Prepetition Agent and the lenders from time to time party thereto.
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Related to Prepetition Revolver

  • Prepetition Lenders means those lenders party to the Prepetition Credit Agreement from time to time.

  • Prepetition means arising or accruing prior to the Petition Date.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Term Loan Claims means any Claim on account of, arising under, derived from, or based upon the Term Loan Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto.

  • Prepetition Loan Documents means the “Loan Documents” as defined in the Prepetition Credit Agreement.

  • DIP means debtor-in-possession.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • DIP Facility Claims means all Claims held by the DIP Facility Agent and the DIP Facility Lenders pursuant to the DIP Facility Agreements and the Final DIP Order.

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.7.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments that, taken together, represent more than 50% of the sum of (x) all Revolving Facility Loans outstanding, (y) all Revolving L/C Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Prepetition Collateral shall have the meaning provided in Section 3.1(b).

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Existing Revolving Credit Agreement means that certain Revolving Credit Agreement, dated as of August 29, 2018, among the Borrower, the other borrowers party thereto, the lenders and letter of credit issuers from time to time party thereto and Xxxxx Fargo Bank, National Association, as administrative agent (as amended, restated, supplemented or otherwise modified from time to time).

  • Revolver means a short firearm having a cylinder of several chambers that are brought successively into line with the barrel to be discharged, designed to be aimed and fired by the use of a single hand.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • ABL Lenders means the “Lenders” under and as defined in the ABL Credit Agreement.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • DIP Facility Claim means a Claim arising under or as a result of the DIP Facility.

  • ABL Loan Documents means the “Loan Documents” as defined in the ABL Credit Agreement.