Examples of Prepetition Second Lien Indenture in a sentence
On and after the Effective Date, all duties, responsibilities, or obligations of the Prepetition Term Loan Agent under the Prepetition Term Loan Agreement and the Indenture Trustee under the Prepetition Second Lien Indenture, the Prepetition Second Lien PIK Indenture, the Prepetition Intercreditor Agreement, and the Collateral Trust Agreement shall be fully discharged.
Interest under the Prepetition Second Lien Indenture is payable semi-annually on February 15 and August 15, subject to a 30-day grace period.
All Obligations (as defined in the Prepetition Second Lien Indenture or the other Prepetition Second Lien Notes Documents) of the Debtors shall collectively be referred to herein as the “Prepetition Second Lien Obligations”, and together with Prepetition First Lien Loan Obligations, as the “Prepetition Loan Obligations”.
On September 14, 2018, PetroQuest, PQE, and TDC entered into a Forbearance Agreement with certain Holders of approximately $7,343,000 in aggregate principal amount (representing approximately 77.9% of the outstanding principal amount) of the Prepetition Second Lien Notes whereby the Holders agreed to forbear from exercising their rights and remedies under the Prepetition Second Lien Indenture or related security documents with respect to certain anticipated events of default.
The Debtors currently have approximately $300 million of outstanding debt, primarily consisting of principal obligations under the Prepetition First Lien Loan Agreement, Prepetition Second Lien Indenture, and Prepetition Third Lien Indenture.