Prepetition Term Loan Claim definition

Prepetition Term Loan Claim means any Claim held by the Prepetition Term Loan Lenders that is derived from or based upon the Prepetition Term Loan Facility.

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Prepetition Term Loan Claim means all Claims against any Debtor arising under, derived from, or based upon the Prepetition Term Loan Facility.

Prepetition Term Loan Claim means any and all Claims arising from, under, or in connection with the Term B-2 Loans under (and as defined in) the Prepetition Credit Agreement or any other Prepetition Loan Document.

Examples of Prepetition Term Loan Claim in a sentence

• Non-Back Stop Party Prepetition Term Loan Claims: Each Holder of an Allowed Non-Back Stop Party Prepetition Term Loan Claim shall receive, in full and final satisfaction of such Allowed Claim, payment in full in cash on the Effective Date with the proceeds of the New Term Loan and the Rights Offering.

• Back Stop Party Prepetition Term Loan Claims: Each Holder of an Allowed Back Stop Party Prepetition Term Loan Claim shall receive, in full and final satisfaction of such Allowed Claim, New Common Stock of Reorganized Keystone as set forth above.

• 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.

• Except to the extent that a Holder of a Prepetition Term Loan Claim agrees to less favorable treatment, on the Effective Date, each Holder of an Allowed Prepetition Term Loan Claim shall receive, in full and final satisfaction, settlement, release, and discharge and in exchange for each Allowed Prepetition Term Loan Claim, its Pro Rata Share of 100% of the New Equity Interests, subject to dilution by the Management Incentive Plan and the DIP Equity Premium.

• Each Holder of an Allowed Prepetition Term Loan Claim shall receive, in full and final satisfaction of such Allowed Prepetition Term Loan Claim, its Pro Rata share (subject to adjustment in accordance with the Intercreditor Agreement) of fifty-four and two-tenths percent (54.2%) of the total New Common Interests issued pursuant to the Prepackaged Plan on the Effective Date.

• As a condition to receiving the New Equity Interests, Holders of Allowed Prepetition Term Loan Claim or Holders entitled to receive New Equity Interests on account of the DIP Equity Premium and/or any of their respective designees for receipt of New Equity Interests will be required to execute and deliver the New Organizational Documents for Reorganized Parent.

More Definitions of Prepetition Term Loan Claim

Prepetition Term Loan Claim means any Claim against any Debtor under the Prepetition Term Loan Agreement and the Prepetition Term Loan Documents.

Prepetition Term Loan Claim means a Claim against the Debtors under or evidenced by the Prepetition Term Loan Agreement, including any Claims pursuant to any guaranty agreement.

Prepetition Term Loan Claim means any Claim on account of the Prepetition Term Loans.

Prepetition Term Loan Claim means any Claim on account of a Prepetition Term Loan.

Prepetition Term Loan Claim means any and all Claims against any of the Debtors arising under, related to or evidenced by the Prepetition Loan Documents, including, without limitation, any guaranty obligations with respect to any of the foregoing.