Examples of Prepetition Second Lien Lenders in a sentence
The principal amount of the obligations owed by the Obligor Debtors, on a joint and several basis, to the Prepetition Second Lien Agent and Prepetition Second Lien Lenders under the Prepetition Second Lien Credit Agreement, exclusive of accrued but unpaid interest, costs, fees, and expenses, was not less than $52,000,000 as of the Petition Date.
Pursuant to a Guarantee and Collateral Agreement, dated as of October 22, 2015, the Debtor Guarantor Parties unconditionally guaranteed, jointly and severally, to the Prepetition Second Lien Agent and the Prepetition Second Lien Lenders the punctual and complete performance, payment and satisfaction when due and at all times thereafter of all of the Prepetition Second Lien Indebtedness.
Subject to the Prepetition Intercreditor Agreement, the Prepetition Second Lien Agent shall also be authorized (but not required) to file a Master Proof of Claim on behalf of itself and the Prepetition Second Lien Lenders on account of their prepetition claims arising under the Prepetition Second Lien Credit Documents.
Solely subject to the terms of paragraph 5 of this Final Order, the DIP Secured Parties, Prepetition First Lien Agent, Prepetition First Lien Lenders, Prepetition Second Lien Agent, and Prepetition Second Lien Lenders shall not be subject to the equitable doctrine of “marshaling” with respect to any of their respective interests in the DIP Collateral, Postpetition Collateral and Prepetition Collateral.
In connection with the Debtors’ use of cash collateral and DIP Facility, subject to Bankruptcy Court approval, the Company will agree to provide “adequate protection” (as such term is defined in sections 361 and 363 of the Bankruptcy Code) to the Prepetition Super Senior Lenders, the Prepetition First Lien Lenders and the Prepetition Second Lien Lenders as set forth in the debtor-in-possession financing agreement (the “DIP Credit Agreement”).