Examples of Prepetition Secured Debt in a sentence
The Priming Liens shall prime in all respects the Liens and security interests of the Prepetition Secured Parties, with respect to the Prepetition Secured Debt (including, without limitation, the Prepetition Liens and the Adequate Protection Liens granted to the Prepetition Secured Parties) (the “Primed Liens”).
With respect to the first Borrowing, the Borrower or any of its Restricted Subsidiary that is a Guarantor party hereto and a guarantor party under the Prepetition Secured Debt shall have submitted to the FCC an election that is agreeable in form to the Borrower to participate in accelerated clearing of the C-band; provided that the entity receiving the accelerated relocation payments shall be a Debtor subsidiary of the Borrower (the “Participation Election Form”).
Upon such a substitution of Collateral and provided no Event of Default has occurred and is continuing, the Administrative Agent shall promptly deliver to the Borrower or such Loan Party the amount of such Net Proceeds received by the Administrative Agent with respect to such Collateral or Specified Aircraft (other than Junior Priority Collateral until the payoff in full of the Prepetition Secured Debt secured by a first priority lien on such Junior Priority Collateral) relating to such Casualty.
The Prepetition Secured Debt Obligations constitute legal, valid, binding and non-avoidable obligations against certain of the Debtors and non-Debtor affiliates and are not subject to any avoidance, recharacterization, effect, counterclaim, defense, offset, subordination, other claim, cause of action or other challenge of any kind under the Bankruptcy Code, under applicable non-bankruptcy law or otherwise.
Guarantors: Without duplication, (i) each Person that is a Guarantor (as defined in the Prepetition Senior Lien Credit Agreement) or that otherwise guarantees any of the Prepetition Secured Debt and (ii) each Person (other than the Borrower) that is a debtor and debtor-in-possession in the Chapter 11 Cases) (collectively, the “Guarantors” and, together with the Borrower, the “Loan Parties”), on a joint and several basis.