Examples of Prepetition Secured Obligations in a sentence
The Prepetition Secured Obligations constitute allowed, secured claims within the meaning of sections 502 and 506 of the Bankruptcy Code.
The terms and provisions concerning the indemnification of the DIP Agent and the DIP Lenders shall continue in the Case and in any Successor Cases, following dismissal of the Case or any Successor Cases, following termination of the DIP Loan Documents and/or the repayment of the DIP Obligations and the Prepetition Secured Obligations.
Based on the continuation of the Prepetition Liens, the relation back of the DIP Liens, and the integrated use of the DIP Facility to refinance the Prepetition Secured Obligations, in no event shall any alleged right of reclamation or return (whether asserted under section 546(c) of the Bankruptcy Code or otherwise) be deemed to have priority over the DIP Liens.
As a result, the Prepetition Secured Obligations are marked as “contingent” and “unliquidated” to reflect the postpetition payment thereof.
Any failure by the Debtors on or after the Petition Date to comply with the segregation requirements of section 363(c)(4) of the Bankruptcy Code in respect of any Cash Collateral shall not be used as a basis to challenge the Prepetition Secured Obligations, or the extent, validity, enforceability, or perfected status of the Prepetition Liens.