Prepetition Term Loan Facility definition

Prepetition Term Loan Facility means the prepetition senior secured term loan credit facility in the original aggregate principal amount of up to $150,000,000 at any time outstanding provided by the Prepetition Term Loan Lenders.

Prepetition Term Loan Facility means that certain prepetition senior secured term loan credit facility dated as of December 11, 2014 in the original aggregate principal amount of up to $400,000,000 at any time outstanding between the certain entities of the Debtors, the Non-Debtor Obligors, and the Prepetition Term Loan Lenders.

Prepetition Term Loan Facility means the term loan facility under the Prepetition Term Loan Credit Agreement.

Examples of Prepetition Term Loan Facility in a sentence

• On the Effective Date, subject to entry of the Final DIP Order approving the DIP Term Loan Roll-up Claims, the Prepetition Term Loan Claims shall be deemed Allowed in the aggregate principal amount of $90,068,705.10, plus all interest (including any payment-in-kind interest), fees, and other expenses payable under the Prepetition Term Loan Agreement related to the Prepetition Term Loan Facility.

• Despite the December 2016 cost-cutting initiatives described below, incremental amendments to the Prepetition ABL Facility and the Prepetition Term Loan Facility, and implementation of the Back-to- Basics Strategy, the Debtors faced a liquidity crisis in the summer of 2017 following sustained market conditions and operational losses.

• As described herein, the Debtors’ prepetition capital structure contains two tranches of first lien secured debt: (a) the Prepetition ABL Facility (issued under the Prepetition ABL Agreement) and (b) the Prepetition Term Loans (issued under the Prepetition Term Loan Facility).

• Except as otherwise provided in this Plan, on the later of (i) the Effective Date and (ii) the satisfaction of the DIP ABL Facility Claims in accordance with Article II.C of the Plan, any Lien on Collateral of any Debtor or Reorganized Debtor, as applicable, held for the DIP Facility Claims, Prepetition Term Loan Facility Claims, and Prepetition ABL Facility Claims shall be cancelled and of no further force or effect.

• Efforts of Independent Director In July 2017, the Debtors executed amendments to both the Prepetition Term Loan Facility and Prepetition ABL Facility (as described above).

More Definitions of Prepetition Term Loan Facility

Prepetition Term Loan Facility means that certain prepetition secured term loan credit facility provided for under the Prepetition Credit Agreement in the original aggregate principal amount of $300,000,000.

Prepetition Term Loan Facility means the term loans in an aggregate principal amount of not more than $26 million provided pursuant to the terms and conditions set forth in Prepetition Term Loan Documents.

Prepetition Term Loan Facility means that certain loan facility providing Aerogroup International with a term loan in the original principal amount of $20,000,000 pursuant to Prepetition Term Loan Agreement.

Prepetition Term Loan Facility means the “Term B Facility” as defined in the Prepetition Term Loan Agreement.

Prepetition Term Loan Facility means the Debtor’s prepetition term loan agreement and facility with Hercules Capital, Inc. as administrative and collateral agent and Hercules Capital, Inc. and Silicon Valley Bank as lenders.

Prepetition Term Loan Facility shall have the meaning set forth in the Recitals.

Prepetition Term Loan Facility. Senior secured term loan credit facility (the “Prepetition Term Loan Facility” and together with the Prepetition ABL Facility, the “Prepetition Secured Debt”) made available to the Company pursuant to that certain Term Credit and Guaranty Agreement, dated as of July 18, 2018 among the Company, Holdings, certain guarantors party thereto, Citibank N.A. as administrative agent and collateral agent (in such capacities and together with any successors, the “Prepetition Term Agent” and, together with the Prepetition ABL Agent, the “Prepetition Secured Agents”), the other parties thereto, and each lender from time to time party thereto (the “Prepetition Term Lenders,” and together with the Prepetition Term Agent, the “Prepetition Term Secured Parties” and the liens securing such facilities, the “Prepetition Term Secured Liens”) (as amended by Amendment No. 1, dated as of October 4, 2019, Amendment No. 2, dated as of February 14, 2022, Amendment No. 3, dated as of March 16, 2023 and Limited Waiver and Fourth Amendment to Term Credit and Guaranty Agreement, dated as of April 24, 2023 and as may be further amended, restated, amended and restated, supplemented, or otherwise modified from time to time prior to the date hereof, the “Prepetition Term Loan Credit Agreement”). The Amendment No. 3 Rollover Loans under the Prepetition Term Loan Credit Agreement are hereinafter referred to as the “Prepetition Rollover Term Loan” and the lenders of the Prepetition Rollover Term Loan are hereinafter referred to as the “Prepetition Rollover Lenders.” The Amendment No. 3 Term Loans under the Prepetition Term Loan Credit Agreement are hereinafter referred to as the “Prepetition Priority Term Loans” and the lenders of the Prepetition Priority Term Loans are hereinafter referred to as the “Prepetition Priority Lenders.” Amounts due under the Prepetition Term Loan Credit Agreement that are not Prepetition Rollover Term Loans or Prepetition Priority Term Loans are referred to as the “Prepetition Tranche B Term Loans.” On May 11, 2023, through agreement of the parties, UMB Bank, N.A., became successor to Citibank N.A., as administrative agent and collateral agent in connection with the Prepetition Term Loan Facility.