Examples of Prepetition Secured Loan Documents in a sentence
Subject to the Committee’s challenge rights, the Prepetition Secured Lender obtained a lien on substantially all of the personal property assets of the Debtors prepetition, all as set forth in greater detail in the Prepetition Secured Loan Documents, the motion to approve the use of cash collateral, and the various Orders approving the use of cash collateral.
In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Borrower shall notify Lender and upon the request of Lender (but only to the extent not prohibited under the Prepetition Secured Loan Documents), immediately endorse and assign such Negotiable Collateral to Lender and deliver physical possession of such Negotiable Collateral to Lender.
As soon as practicable following compliance with the requirements set forth in Article VI of the Plan, the Prepetition Agent shall arrange to deliver or direct the delivery of such distributions to or on behalf of the Holders of Allowed Prepetition Secured Lender Claims in accordance with the terms of the Prepetition Secured Loan Documents and the Plan.
Notwithstanding anything to the contrary in the Plan, including this paragraph, the Liens of the Prepetition Secured Lender pursuant to the Prepetition Secured Loan Documents shall be deemed to become Liens under the Post-Effective Date Secured Loan Documents (to the extent set forth in such Post-Effective Date Secured Loan Documents), and shall not be discharged hereby.
On January 10, 1997, the Company and its non-debtor subsidiaries entered into a five-year secured credit facility which was amended and restated on July 19, 2000 (the "Foothill Credit Facility") with Foothill Capital Corporation ("Foothill") under the Prepetition Secured Loan Documents.
No exception or defense in contract, law or equity exists as to any obligation set forth, as the case may be, in this subparagraph G(e) and in the Prepetition Secured Loan Documents to indemnify and/or hold harmless the Prepetition Secured Lender and any such defenses are hereby waived.
Notwithstanding anything to the contrary in the Plan, including this paragraph, the Liens of the Prepetition Secured Lender pursuant to the Prepetition Secured Loan Documents shall be deemed to become Liens under the Post-Effective Secured Loan Documents, and shall not be discharged hereby.
The Prepetition Secured Loan Documents and the Prepetition Indebtedness are (a) legal, valid, binding, and enforceable against the Prepetition Secured Credit Parties, and (b) not subject to any contest, attack, objection, recoupment, defense, counterclaim, offset, subordination, re-characterization, avoidance or other claim, cause of action or other challenge of any kind or nature under the Bankruptcy Code, under applicable non-bankruptcy law or otherwise.
For purposes hereof, the term “Disability” shall mean incapacity resulting in the inability to perform services for two consecutive months or in the aggregate of seventy-five (75) days during any twelve-month period.
Prior to the Petition Date, the Debtor entered into the Prepetition Loan Agreement and other Prepetition Secured Loan Documents with the Prepetition Lender, as set forth more fully above and in the DIP Credit Agreement.