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.
US_ACTIVE:\44451676\5\11727.0008 Prepetition Term Loan Agreement Pg 99 of 236 CERTIFICATE OF DESIGNATION OF PREFERENCES OF SERIES B CONVERTIBLE PREFERRED STOCK OF AÉROPOSTALE, INC.
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”).