Examples of Prepetition Secured Creditors in a sentence
The Debtors’ cases are being jointly administered.On August 14, 2020, the Court entered an order confirming the Modified Second Amended Joint Chapter 11 Plan (Dated July 2, 2020) of the Debtors, the Committee, and the Prepetition Secured Creditors [Doc.
This stipulation shall be binding upon the Debtors, their estates, all parties in interest in the Cases and their respective successors and assigns, including any Trustee or other fiduciary appointed in the Cases or Successor Cases and shall inure to the benefit of the Prepetition Secured Creditors and the Debtors and their respective successors and assigns.
Upon satisfaction of the Prepetition Obligations, the Prepetition Secured Creditors shall release all liens and security interests upon the Prepetition Collateral, Real Estate Liens and all Replacement Liens.
Any proof of claim so filed shall be deemed to be in addition and not in lieu of any other proof of claim that may be filed by any of the Prepetition Secured Creditors, respectively.
On August 14, 2020, the Court entered an order confirming the Modified Second Amended Joint Chapter 11 Plan (Dated July 2, 2020) of the Debtors, the Committee, and the Prepetition Secured Creditors [Doc.
The DIP Facility and the use of Cash Collateral were negotiated in good faith and at arms’ length among the Debtors, the DIP Agent and the DIP Lenders, with the assistance and counsel of their respective advisors, and the DIP Agent, DIP Lenders, and Prepetition Secured Creditors have acted in good faith.
The Prepetition Agent, for the benefit of the other Prepetition Secured Parties, is hereby authorized and entitled, in its discretion, but in no event is required, to file (and amend and/or supplement, as it sees fit) proofs of claim in each of the Cases on behalf of all of the Prepetition Secured Creditors in respect of the Prepetition Secured Obligations.
For the avoidance of doubt, Challenges may be filed against one or more of the Prepetition Secured Creditors without filing Challenges against each of the other Prepetition Secured Creditors and likewise the Challenge Period may expire as to some but not all of the Prepetition Secured Creditors if a Challenge is filed against one or more of the Prepetition Secured Creditors but not all of them.
The Prepetition Secured Creditors have not objected to the Debtors use of their Cash Collateral.
Nothing herein shall impair or modify the application of section 507(b) of the Bankruptcy Code in the event that the adequate protection provided to any of the Prepetition Secured Creditors is insufficient to compensate for any diminution in value, including for the use of the Cash Collateral, the use, sale, lease, depreciation, or other diminution in value of the Prepetition Collateral, other than the Cash Collateral, and the imposition of the automatic stay.