Examples of Prepetition Term Loan Lenders in a sentence
On the Effective Date, at the option of the Debtors, the Requisite Consenting Prepetition Term Loan Lenders, and PRG, Intercompany Interests shall be reinstated for administrative convenience or cancelled and released without any distribution on account of such interests.
On the Effective Date, at the option of the Debtors, the Requisite Consenting Prepetition Term Loan Lenders, and PRG, each Intercompany Claim shall be reinstated or canceled and released without any distribution on account of such claims.
Ultimately, only one party provided a proposal for an independent postpetition term loan, but the terms of the proposal were not superior to those provided by the Prepetition Term Loan Lenders and, for reasons previously disclosed to the Bankruptcy Court, would have required the consent of the Prepetition Term Loan Lenders to execute.
In October 2017, the Debtors negotiated with various Prepetition Term Loan Lenders to obtain a $10 million first-in, last-out term loan (the “FILO Term Loan”), secured by a first lien on ABL Priority Collateral (as defined in the Intercreditor Agreement) and a second lien on the existing Term Loan Collateral.
The Debtors, Reorganized Debtors, the DIP Agents, the DIP Lenders, the Prepetition ABL Agent, the Prepetition ABL Lenders, the Prepetition Term Loan Agent, the Prepetition Term Loan Lenders, the Exit ABL Agent, the Exit ABL Lenders, the Exit Term Loan Agent, the Exit Term Loan Lenders, the Owners, and each of their respective Representatives, shall be deemed to have acted in “good faith” under section 1125(e) of the Bankruptcy Code.