Prepetition Term Loan definition

Prepetition Term Loan means the Term Loans (as defined in the Prepetition Credit Agreement) under the Prepetition Credit Agreement.
Sample 1
Prepetition Term Loan has the meaning specified therefor in the recitals to this Agreement.
Sample 1
Prepetition Term Loan means the six-year senior secured term loanfacility under the Credit Agreement in an aggregate principal amount of $242,000,000.
Sample 1

Examples of Prepetition Term Loan in a sentence

  • To be selected by the DIP Agent and the Prepetition Term Loan Agent.

  • Notwithstanding the above, each holder of an Allowed Prepetition Term Loan Claim that is to receive a distribution under the Plan shall have the sole and exclusive responsibility for the satisfaction and payment of any taxes imposed on such holder by any governmental authority, including income, withholding and other tax obligations, on account of such distribution.

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  • ABR (defined in a manner substantially similar to the Prepetition Term Loan Credit Agreement) plus 11.00% per annum in cash or Adjusted LIBO Rate (defined in a manner substantially similar to the Prepetition Term Loan Credit Agreement) plus 12.00% per an- num in cash (subject to a 0.00% per annum floor on ABR and a 1.00% per annum floor on the Adjusted LIBO Rate), at the Bor- rower’s election.

  • The primary purpose of the Litigation Trust is to, in an expeditious and orderly manner, monetize and convert the Litigation Trust Assets to Cash and make timely distributions to holders of Allowed Prepetition Term Loan Claims in accordance with the Plan with no objective to continue or engage in the conduct of, or to further, any trade or business.

  • The Prepetition Term Loan Agent and DIP Lender each (a) hereby consent to the reduction of the Purchase Price as set forth hereunder, in accordance with paragraph 38 of the Sale Order, and (b) hereby consent to this Amendment.

  • Any amounts of the Prepetition Term Loan Allocation not so allocated shall be allocated to the Backstop Parties holding Tranche A Backstop Commitments on a ratable basis based on their respective Tranche A Backstop Commitments and any amounts of the Prepetition Notes Allocation not so allocated shall be allocated to the Backstop Parties holding Tranche B Backstop Commitments on a ratable basis based on their respective Tranche B Backstop Commitments (the “DIP Lenders”).


More Definitions of Prepetition Term Loan

Prepetition Term Loan means that certain term loan in the original principal amount of not less than $70 million under the Prepetition Credit Agreement, plus interest accruing at the default rate and other fees, costs, and expenses, including the Prepetition Secured Parties’ reasonable attorneys’ fees.
Sample 1
Prepetition Term Loan means the term loan provided under the Prepetition Credit Agreement.
Sample 1
Prepetition Term Loan that certain Term Loan and Security Agreement, dated as of June 14, 2007 (as amended, supplement or modified and in effect as of the Filing Date), among Borrower, the Prepetition Agent and the lenders from time to time party thereto.
Sample 1

Related to Prepetition Term Loan

  • First Lien Term Loans means the “Term Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

  • Existing Term Loan Credit Agreement means that certain Term Loan Credit Agreement, dated as of August 24, 2017, among the Borrower, the lenders from time to time party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent (as amended, restated, supplemented or otherwise modified prior to the Effective Date).

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Term Loan Claims means any Claim on account of, arising under, derived from, or based upon the Term Loan Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto.

  • Existing Term Loan Facility means that certain Term Loan Credit Agreement, dated as of September 7, 2018, by and among the ProFrac Services LLC, as the borrower thereunder, Holdings, the guarantors party thereto, the lenders party thereto and Barclays Bank PLC, as the administrative agent and collateral agent (as amended, amended and restated, supplemented and otherwise modified from time to time, and together with the guarantee and security documentation executed in connection therewith).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Existing Term Loan Agreement means that certain Term Loan Credit Agreement dated as of October 22, 2010 by and among Holdings, the Company, as borrower, the Subsidiary Guarantors, the lenders party thereto from time to time and Xxxxx Fargo Bank, National Association, as administrative agent and collateral agent, as amended, restated, supplemented or otherwise modified from time to time.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Refinancing Term Lender has the meaning specified in Section 2.15(c).

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Tranche B Term Loan as defined in Section 2.1.

  • Refinancing Term Loans shall have the meaning assigned to such term in Section 2.21(j).

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Initial Term Loans means the term loans made by the Initial Term Lenders to the Borrower pursuant to Section 2.01(a)(i).

  • Extended Term Loans has the meaning specified in Section 2.15(a).