Prepetition Term Loan Liens definition

Prepetition Term Loan Liens means (a) the valid, enforceable, properly perfected, and non-avoidable Liens securing the Prepetition Secured Obligations as of the Petition Date, and (b) any Liens afforded to Prepetition Secured Parties in the DIP Order.
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Prepetition Term Loan Liens means the Liens securing the payment of the Prepetition Term Loan Claims.
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Prepetition Term Loan Liens means (a) the Prepetition First Lien Term Loan Facility Liens and (b) the Prepetition Second Lien Term Loan Facility Liens.
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Examples of Prepetition Term Loan Liens in a sentence

  • The Prepetition Term Loan Liens are not subject to any offset, contest, challenge, objection, defense, claim or counterclaim, subordination, recharacterization, avoidance or other claim, cause of action or challenge of any kind or nature whatsoever, whether under the Bankruptcy Code, applicable non-bankruptcy law or otherwise.

  • The Agent shall be satisfied that it has been granted, and holds for the benefit of the Agent and the Lenders, perfected, (i) first priority Liens on, and security interests in, all of the DIP Senior Collateral, subject to the Carve-Out, and (ii) junior priority Liens on, and security interests in, all of the DIP Junior Collateral, subject to the Carve-Out, the Prepetition Term Loan Liens and Permitted Prior Liens.

  • All Liens of the Agent in the DIP Collateral are duly perfected Liens, subject, with respect to the DIP Junior Collateral only, to the Prepetition Term Loan Liens and the Permitted Prior Liens.

  • The Prepetition Term Loan Liens were granted to or for the benefit of the Prepetition Term Loan Secured Parties for fair consideration and reasonably equivalent value, and were granted contemporaneously with, or covenanted to be provided as inducement for, the making of the loans and/or the commitments and other financial accommodations secured thereby.

  • Upon a Restructuring Support Agreement termination, CTCI reserves the right to argue that the Prepetition CTCI Liens are not subordinate to the Prepetition Term Loan Liens or the Prepetition RCF Liens, and upon a successful Challenge the priority of the CTCI Adequate Protection Liens shall be immediately senior to the priority of the Prepetition CTCI Liens.